The Net Zero Blind Spot: When Climate Policy Overlooks the Informal Economy

A compelling global consensus has formed around achieving Net-Zero emissions as the indispensable framework for collective climate action. This framework, which aims to balance greenhouse gases emitted with those removed from the atmosphere, is grounded in the Paris Agreement's objective of limiting global temperature rise to well below 2°C. It provides a common language and a set of quantifiable targets that shape national policy, international finance, and corporate strategy. The urgency for this framework is clear: between 1990 and 2023, annual energy-related CO₂ emissions surged from 20.5 to 37.3 gigatonnes, with the global per capita average standing at 4.67 tonnes in 2023.

Author: Ezra Ihezie

Download PDF