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Stages of the Mitigation Hierarchy:
- Avoid: Prioritise activities and strategies that avoid emissions
- Reduce: Focus on reducing absolute emissions within operations and the supply chain
- Offset: Compensate for unavoidable emissions through quality carbon credits, focusing on removal projects
Importance of the Mitigation Hierarchy for Net Zero:
- The mitigation hierarchy is critical in guiding businesses towards efficient and effective climate plans.
- It emphasises reducing emissions, especially Scope 3 emissions, as a primary goal for businesses in their Net Zero transition.
Challenges and Considerations:
- Balancing Different Steps: Successfully implementing the mitigation hierarchy requires balancing various strategies to achieve a comprehensive approach to emissions reduction.
- Quality of Carbon Credits: When compensating for emissions, the quality of carbon credits is vital to ensure genuine climate benefits.