The "Climate Neutral Now" initiative encourages and supports organizations to act.

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JKSSB SI Official Paper (Held On: 07 Dec 2022 Shift 2)
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  1. UNFCCC
  2. Global Environment Facility
  3. International Union for Conservation of Nature
  4. Global Green Growth Institute

Answer (Detailed Solution Below)

Option 1 : UNFCCC
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The correct answer is UNFCCC.

Key Points

  • The "Climate Neutral Now" initiative was launched by the United Nations Framework Convention on Climate Change (UNFCCC).
  • It aims to encourage and support organizations, individuals, and governments to achieve a climate-neutral world by mid-century.
  • The initiative provides a framework for reducing greenhouse gas emissions, compensating for unavoidable emissions, and inspiring global climate action.
  • Participants are encouraged to measure their emissions, reduce them as much as possible, and offset the remaining emissions through UN-certified projects.
  • The initiative is part of the broader efforts under the Paris Agreement to limit global warming to well below 2 degrees Celsius.

Additional Information

  • UNFCCC
    • Established in 1992 at the Earth Summit in Rio de Janeiro.
    • It is the parent treaty of the 2015 Paris Agreement.
    • It has near-universal membership with 197 parties.
    • The UNFCCC secretariat is located in Bonn, Germany.
  • Paris Agreement
    • Adopted in 2015, it aims to strengthen the global response to the threat of climate change.
    • The goal is to limit global temperature rise to well below 2 degrees Celsius above pre-industrial levels.
    • It also aims to enhance the ability of countries to deal with the impacts of climate change.
    • Countries submit their national plans for climate action, known as Nationally Determined Contributions (NDCs).
  • Carbon Offsetting
    • It involves compensating for emissions by funding an equivalent amount of carbon savings elsewhere.
    • Common projects include renewable energy, reforestation, and energy efficiency projects.
    • Offsets are typically measured in tons of carbon dioxide-equivalent (CO2e).
    • UN-certified projects ensure that the offsets are real, measurable, and verified.
  • Climate Neutrality
    • It refers to achieving net-zero carbon dioxide emissions by balancing emissions with removal or simply eliminating emissions.
    • It can be achieved through a combination of reducing emissions and offsetting remaining emissions.
    • Organizations and countries are increasingly committing to climate neutrality to combat climate change.
    • Climate neutrality is considered a key step towards achieving the long-term goals of the Paris Agreement.

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