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Despite the drop in CO2 emissions due to the COVID-19 pandemic, the global warming trajectory has continued to move away from the Paris Agreement targets. Many countries have already announced that they expect to achieve carbon neutrality between 2045 and 2060 while decarbonisation has been cited in many forums, with the highest profile being at the 2021 United Nations Climate Change Conference (COP26), as a global priority.
Transportation, electricity, industry commercial and residential building and agriculture are the primary activities responsible for most carbon emissions. Countries have also listed out components of different plans, in some cases considering renewable energy sources like wind and solar power and in other cases specifying the year after which new internal combustion vehicles will no longer be available.
The world seems to have accepted a primary step of aiming toward carbon neutrality, meaning carbon produced is matched by carbon removed so no net new carbon is added to the atmosphere, with a possible future step of actually removing carbon from the air.
At WisdomTree, we believe that waste-to-energy processes and recycling play an important role in the global decarbonisation megatrend and offer a differentiated and focused strategy aimed at capturing these themes.
Source: United Nations Climate Change.
