Key concepts
Net Zero
Achieving clean(er) growth is critical vis-à-vis progress to Net Zero. This will have been achieved when there is a balance between the carbon emitted into the atmosphere, and the carbon removed from it.
Green Economy
This refers to the low carbon environmental goods and services (LCEGS) sector. The 'business' of this sector is either:
- To reduce/mitigate environmental impacts (e.g. dealing with pollution)
- To provide radically lower carbon solutions (e.g. based on wind power, rather than fossil fuels)
Innovations
Cleantech and Envirotech – are innovations within the LCEGS and they include activities which reduce water consumption, air and land pollution, and energy use. They are linked to greater sustainability.
Natural Capital
The stock of natural assets (water, minerals, soils, woodlands, and wildlife, etc.) that underpin essential ecosystem services (such as food, timber, pollination, climate control). These assets, both directly and indirectly, contribute to the health of our ecosystems and to human wellbeing.
