‘Net Zero is not just a climate target, it's the new economic model’

Achieving net zero by 2050 is the new economic model and every year’s delay makes the road more challenging, industry executives said on Wednesday.

- Waheed Abbas

“Net Zero is not just a climate target, it is the new economic model. It’s about redesigning our industries, energy systems, and consumption patterns to align with the limits of the planet. Achieving net zero means nothing less than orchestrating a global transformation in how we power our economies, move people and goods, build cities and promote growth,” said Eugene Mayne, Founder and CEO of Tristar Group, during The Journey to Net ZeroUAE 2025 conference.

Ted Kemp, Chief Content Officer at Khaleej Times, delivered the opening address at the conference.

Net Zero by 2050 is a global initiative to achieve net-zero emissions by 2050 under the Paris Agreement which calls on countries to prepare long-term strategies to reduce greenhouse gas (GHG) emissions and limit the rise in global temperature to 1.5°C compared to pre-industrial levels.