What you need to know about the Race to Zero

Case Studies

Jan 12, 2022

In response to The Paris Agreement a global campaign titled “Race to Zero” was developed by the United Nations urging a response to commitment and action towards a net-zero carbon global economy. The Race to Zero will send signals to Governments that business, cities, regions and investors are united in meeting the Paris goals and creating a more inclusive and resilient economy. 

 

The aim of the campaign is to bring together ‘real economy’ actors who will lead the way towards achieving net zero carbon. These actors will be influential in creating a global community that will strive to build momentum towards a zero carbon recovery and to prevent future threats. 

 

Action was witnessed and history in the making when world leaders came together on the 31st of October at the United Nations Change Conference (COP26) to accelerate efforts to cut carbon emissions, as well as to address critical environmental issues. As the world makes a shift towards climate-positive practices and behaviours, the circular economy will take a front seat. Strong leadership now is crucial more than ever. Creating new jobs and industries in a resource and carbon constrained future is paramount. 

 

So far, the coalition of Race to Zero signatories represent nearly 25% of global CO2 and over 50% of global GDP, spanning across:

  • 733 cities
  • 31 regions
  • 3,067 businesses
  • 173 investors
  • 622 higher education institutions and
  • The Global Ambition Alliance

An enormous circular opportunity exists for our economy at present. Globally, the circular economy will be valued at $4.5 trillion by 2030. This is set to rise to $25 trillion by 2050. Read more about the Race to Zero, and the mission to unlock the zero carbon future

 

 

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