Net Zero Advisory Board to promote carbon neutrality formed
The Net Zero Advisory Board, set up at the initiative of the British Embassy and the Hungarian Business Council for Sustainable Development (BCSDH), looks to promote and accelerate the process by which the Hungarian economy can become carbon neutral by 2050.
The Net Zero Advisory Board has been formed in a wide collaboration with renowned experts in January. The advisory board is a cross-sectoral collaboration consisting of representatives of Hungarian industry and business leaders, chambers of commerce and associations.
The aim of the alliance is to increase the focus on the transition to a carbon-neutral economy among economic, governmental, and social actors. To help with the process, a decision was made to conduct research to map the current status of efforts, and to organize a Race to Zero Forum to present the results, according to a press release sent to the Budapest Business Journal.
"On 1 November the United Nations’ 26th Climate Change Conference will open in Glasgow, hosted by the U.K. in partnership with Italy. This remaining year of preparation for COP26 must also take on board the effects of the COVID-19 pandemic. At COP26, we must unite the world on a path to a zero carbon economy as we build back greener from COVID-19," highlighted British Ambassador Paul Fox.
“All companies are affected by climate change and all companies have the opportunity to influence it positively. Stabilizing global warming under 2, but preferably 1.5 degrees Celsius requires the radical reduction of greenhouse gas emissions as soon as possible. Transitioning our economy first to low-carbon, then carbon-neutral by 2050 is the way to achieve this objective. Businesses will play a key role in this process. Is there a better time to start it than now?," added Attila Chikán Jr.
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