Climate Facts: Green hydrogen can help to achieve net zero emissions

The complexities of climate change and its associated jargon can make it difficult to digest. TheCable’s climate quick facts will help to demystify these climate concepts through easy-to-understand and straight-to-the-point explanations.

Here are some to keep at the tip of your fingers:

• To avoid the worst effects of climate change, greenhouse gas emissions need to be halved by 2030 and the world needs to achieve net zero emissions by no later than 2050.
• A key technology for the transition to clean energy is green hydrogen, produced using renewable energy sources like wind and solar.
• Only 21% of carbon pricing instruments or taxes are currently in use globally.
• According to the Organisation for Economic Co-operation and Development (OECD), a price of $147 (N60, 500) per carbon tonne is needed by 2030 if the world hopes to reach net-zero carbon emissions by 2050.
  
• Over 4,500 companies, cities, regions, and institutions have joined the ‘race to zero’ campaign aimed at achieving carbon neutrality by 2050.