Oxfam has recently released a new report titled “Tightening the Net”.
It said that ‘net-zero’ carbon targets announced by many countries may be a dangerous distraction from the priority of cutting carbon emissions.
It says that about 1.6 billion hectares of new forests would be required to remove the world’s excess carbon emissions by 2050.
To limit global warming below 1.5°C and prevent irreversible damage from climate change, the world should cut emissions by 45% by 2030 from 2010 levels.
Currently, countries plans to cut emissions will only lead to a 1% reduction by 2030.