Net-zero commitments are formal pledges made by organizations, including companies, cities, and countries, to balance their greenhouse gas emissions with removals over a specific timeframe. This involves reducing GHG emissions as close to zero as possible across all scopes, then permanently neutralizing any remaining emissions through carbon removal or offsetting. These commitments are a cornerstone of corporate sustainability and a crucial approach to combat climate change, aiming to limit global temperature increase to 1.5°C. Many entities, including over 140 countries and 9,000 companies, have joined initiatives like "Race to Zero." Saudi Arabia has committed to net-zero by 2060 through a Circular Carbon Economy approach, investing in new energy sources, improving energy efficiency, and developing carbon capture and storage programs.
