Task Force on Climate-related Financial Disclosures–Risk Management

Carbon offsets are a mechanism that allows individuals, businesses, and governments to reduce their carbon footprint by investing in projects or activities that reduce greenhouse gas (GHG) emissions. The idea behind carbon offsets is that if an entity cannot reduce their emissions directly, they can compensate for their emissions by supporting projects that prevent or reduce GHG emissions in other parts of the world.

The Net Zero Emissions by 2050 Scenario (NZE Scenario) is a normative scenario that shows a pathway for the global energy sector to achieve net zero CO2 emissions by 2050, with advanced economies reaching net zero emissions in advance of others.

Goal 7 is about ensuring access to clean and affordable energy, which is key to the development of agriculture, business, communications, education, healthcare and transportation. The lack of access to energy hinders economic and human development.

Net zero refers to balancing the amount of greenhouse gases (GHGs) emitted into the atmosphere and the amount removed.

The Intergovernmental Panel on Climate Change (IPCC) is a United Nations body that was established in 1988. Its mandate is to provide policymakers with objective, scientific information on climate change, its impacts, and possible adaptation and mitigation options.

The International Energy Agency (IEA) is an intergovernmental organization that was established in 1974 to promote reliable, affordable, and clean energy for its member countries and the world.