Science & Tech · Science & Environment · 2 hrs ago

Net-zero targets hold steady, but cities remain behind

Net-zero targets hold steady, but cities remain behind

A global assessment found net-zero targets at 47% of 4,062 major entities, including countries, regions, cities and companies.

The share has not changed since last year, though it was 18% in 2020.

Cities and regions remain the weakest part of the picture: 28% of tracked cities and 29% of states and regions have targets.

Coverage varies widely, from 68% of tracked G7 cities with targets to 5% of tracked cities in low-income countries.

Nearly two-thirds of the world’s largest companies have net-zero targets, and almost 80% of companies with targets publish plans to carry them out.

But only 48% of targets fully cover Scope 3 emissions, which often make up most of a company’s emissions, and many firms still have no mitigation target.

The central challenge is turning commitments into emissions cuts, with cities and regions needing powers and finance to act across transport, buildings and energy.

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What people are saying

Dr Angel HsuUniversity of North Carolina researcher
Net-zero currently resembles a bridge with a missing middle: national governments have set the direction, and businesses are turning targets into plans.
via edie
Louise BammelNet Zero Tracker analyst
The real test is whether targets change investment decisions, business models, and emissions trajectories.
via edie