Closing The NetZero Gap In The Productive Sector
The UK’s productive sector is responsible for 85% of the country’s greenhouse gas emissions, which total around 400 million tonnes carbon dioxide equivalent (MtCO2e) per year.
To address this issue, the government has pledged to achieve net zero emissions by 2050 as part of the global 2015 Paris Agreement, which aims to keep average global temperature rises below 2°C and as near to 1.5°C as possible.
The productive sector has been increasing their efforts in auditing their Scope 1 and 2 emissions as part of the endeavour to fulfil the 2050 net zero target, leaving most of scope 3, value chain emissions. This strategy, while promising, will not be sufficient to help the UK achieve its net-zero goal by 2050.
Value chain emission differs from other types of carbon emission in that it occurs because of an interaction between an organisation and a supplier or consumer. The activities of the interaction could have resulted in carbon emission or removal.
However, collecting, and appropriate attribution of carbon emissions or removals from this interaction is critical so that all stakeholders in that value chain can accomplish their net zero commitments.
