“Our new emission reduction targets show that net zero is a business priority for Nokia. Carbon removals: Credible, permanent carbon removals and storage may be required to neutralize some residual emissions to reach net zero. Net zero: Net zero refers to a reduction of 90% in greenhouse gas emissions to as close to zero as possible, with a maximum of up to 10% remaining hard-to-abate emissions being neutralized through carbon removals. To limit global warming to 1.5°C, greenhouse gas emissions must by halved by 2030 and reach net zero by 2050. Science-based targets: Science-based targets give companies a clearly defined path to reduce greenhouse gas emissions in line with limiting global warming to 1.5°C.

Source: News Business Ethiopia February 27, 2024 01:33 UTC