Net Zero is what? Roadmap 2050 and solution goal commitment 

In the context of climate change is causing serious impact on the ecosystem, economic and social Net Zero has become the target set for most of the countries and businesses around the globe. Reaching Net Zero not only helps to reduce the negative impact on the environment, but also create opportunities for innovation, enhance competitiveness to the enterprise. In this article, along
Lac Viet Computing learn Net Zero what is the role of it in strategic transformation, blue, roadmap 2050 and the real solution is needed.

1. Net zero is what?

Net Zero or “emissions to net zero,” is equilibrium between the amount of greenhouse gas emissions and greenhouse gases is absorbed or removed from the atmosphere.

This means that any amount of greenhouse gases which are created from the activities of human beings all need to be offset by measures of absorption, respectively, such as reforestation, using technology to capture and store carbon, or apply the solution to save energy.

According to experts, Net Zero is not merely reduce emissions but also as a long-term commitment to towards a sustainable economy, not dependent on fossil energy. This is an important factor in the international agreement, including The agreement Paris 2015to keep the global temperature increase below 1.5°C compared to pre-industrial era.

2. The role of the Net Zero in strategy green transformation of business is what?

Pressure from the global commitment and the strong shift in the trend of green economy, the business faced with the requirement to reduce emissions and the need to integrate the target Net Zero in strategic long-term development. But why Net Zero again became an important part in the conversion strategy green? To answer this question, let's find out the essential role of Net Zero for enterprise in the current context.

• Meet legal requirements and international standards
  The environmental regulation is increasingly rigorous global force businesses to comply with the standard low-emission. Setting a target of Net Zero help businesses avoid fines, increase the ability to reach international markets, especially the market, have applied the mechanism of the carbon tax.
• Improved performance and cost savings
  Implementation of measures directed to Net Zero, such as process optimization, production or use of renewable energy, which helps enterprises save energy, reduce operating costs, enhance operational efficiency.
• Enhance brand image and enterprise value
  Consumers and investors are increasingly interested in sustainability factors. A business committed to reaching Net Zero is often more highly of credibility, thereby increasing the ability to attract customers and strategic partners.
• Contribute to building the economy circulatory
  Net Zero is the critical foundation to promote the economic model circulation, optimizing the use of resources and minimize waste. Here's a travel guide to help businesses more sustainable in the long term.

3. Roadmap to Net Zero by 2050 standard for business

To achieve the goal of Net Zero by 2050, businesses need to perform a specific route, divided into each stage clear as follows:

3.1 the Period 2020 – 2030: Laying the foundation and starter switch

• Assess the current state emission: Conduct an inventory of greenhouse gas (GHG Inventory) to identify the source as the main emission in the entire manufacturing operation, operation and supply chain.
• Set initial target: Commitment to reduce emissions with the short-term goals-specific, in accordance with the actual capabilities of the business.
• Deploy the solution easy to implement: Priority solutions that save energy, reduce waste, improve production processes available. Example: convert use the LED or optimize HVAC system.

3.2 Stage 2030 – 2040: accelerate and invest in green technology

• Transition to renewable energy: Investing in clean energy sources such as solar power, wind power or biomass energy to reduce dependence on fossil fuels.
• Integrated modern technology: Apply advanced technologies such as artificial intelligence (AI), Internet of Things (IoT) and blockchain to optimized manufacturing processes and manage emissions.
• Promote international cooperation: Join the collaboration project in the region and globally, leveraging technical support, financing from international organizations such as UNDP or World Bank.

3.3 Phase 2040 – 2050: Finishing and achieve Net Zero

• Deploy technology to capture and carbon storage (CCS): Focus on the solution, remove the amount of greenhouse gas remaining in the system.
• Promote economic model circulation: Construction supply chain circulation, ensures the re-using and recycling the entire raw material in manufacturing operations.
• Public results and transparency report: Periodically publish reports emissions and progress made towards the goal Net Zero commitment of business to the community and stakeholders.

4. Challenges when pursuing commitment to Net Zero of business

To achieve the goal committed to Net Zero enterprises faced with no less challenging, especially in the stage of transition to production models and operating sustainable. Factors such as the cost of the initial investment, difficulties in the application of green technology, the changing of the legal regulation is the large barriers that businesses need to overcome. 

• The cost of the initial investment is high: The deployment of technology and green solutions requires the business to have large investments in the first phase, from upgrading the production line to apply renewable energy. This causes financial pressure, particularly for the small and medium enterprises.
• Difficulty in transforming technology: Businesses often lack the technical resources to implement green technology, face risks when new technology is not effective as expected.
• Legal barriers and international regulations: The difference in standard green between the countries, the constant change in policy, legal cause difficulties for business in compliance, deployment plans, Net Zero.

5. Solution to implement the commitment to Net Zero for the business?

To achieve committed to Net Zero, businesses not only have to face the big challenges that still need to implement specific solutions. The implementation of these solutions help minimize the negative impact to the environment and to promote sustainable development in the long term. Here are some of the important solutions that businesses can apply the commitment to Net Zero.

5.1 optimization of production process

In addition, businesses can also apply advanced technologies such as automation, artificial intelligence (AI) to improve job performance and reduce the waste of resources. The application of new technologies to help reduce emissions, increase productivity and economic efficiency. 

For example, Toyota has applied the model Lean production, helping to reduce emissions CO₂ up to 20% in the course of a decade. This proves that optimize the production process is an effective strategy to minimize the impact to the environment.

5.2 promote economic model circulatory

Besides optimizing the production process, promote economic model circulation is also a solution essential. This model helps businesses recycle, re-use of raw materials, minimizing the amount of waste into the environment. 

Fact, big companies such as Unilever and IKEA has developed the economic model of the circulatory and achieve the positive results in the optimization of the product life cycle. This will not only help reduce emissions in the supply chain but also to help business save cost and enhance the sustainable value of the product. 

5.3 application of green technology solutions

The transition from paper documents to digital format helps save resources, reduce greenhouse gas emissions related to the process of printing and shipping papers. By applying the numerical solution of documents, business contribute to protecting the environment, promoting sustainable development, and efficiency in work processes, at the same time assist in achieving the goal of Net Zero. 

Solution digitized documents with OCR technology to Vietnam to help businesses convert your paper documents into digital data, easy to store, search and share without the need to print. When the document is stored on digital platforms, businesses can dramatically reduce the amount of paper used, from which minimize the impact of production and processing of paper to the environment.

5.4 awareness and corporate culture, green

To achieve committed to Net Zero business not just apply to technology, but also to build a culture of “green” in the entire organization. The training of staff and encourage them to participate in activities protecting the environment will help raise awareness and motivation of work of all the members of the company. 

Programs such as “Green Office” or “Zero Waste” can create a work environment that is positive, where everyone contributes to the common goal. When every employee has the awareness and actions towards environmental protection, the organization will become stronger in the commitment to Net Zero.

5.5 Switch number in the management of emissions

Finally, convert the number in managing emissions is an integral solution to help businesses manage and monitor emissions in a transparent and effective. Digital technologies such as IoT (Internet of Things) and blockchain can be used to track greenhouse gas emissions, help business solutions timely and accurately. A number of businesses in Vietnam have applied blockchain to transparency data, emissions and create trust with the international partners, thereby contributing to the green economy and sustainable.

Understand Net Zero what is the motivation for enterprises to enhance competitiveness and create sustainable value. Although the journey towards Net Zero pose no less a challenge, but with the solution as optimized production process, applying green technology and promote economic model circulatory business can absolutely achieve this commitment. 

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