Dubai: World far away from showing real progress to achieving net zero goal, says top expert

Dubai: World far away from showing real progress to achieving net zero goal, says top expert

Companies must double pace of emission reduction from now till 2030 to achieve 80% target by 2050

Published: Wed 23 Nov 2022, 6:23 PM

The world has made great strides in setting targets to achieve the net zero goal, but it is still far away from showing real progress, said Silvia Rigato, Managing Director and Sustainability Leader, Accenture Middle East.

“At the current pace of emission reduction, the majority of companies will not be able to get to net zero by 2050. Only If every company doubles the pace of emission reduction from now till 2030, then 80 per cent of companies will be able to achieve net zero by 2050,” she said at The Journey to Net Zero forum hosted by Khaleej Times on Wednesday.

The forum was sponsored by sustainability partner Accenture, Gold Sponsor Trane Technologies, Silver Sponsor Fugro and supported by Clean Energy Business Council, Middle East Solar Industry and Energy Industries Council Mena. The Dubai Supreme Council of Energy officially endorsed by the forum.

Rigato said companies need to set clear targets and action plans to move forward to net zero by 2050. “Leveraging digital technologies is going to be a key enabler for success. Collaboration with partners whether technology, consulting