Who’s promised net-zero, and who looks likely to get there?

win

(Andrea Boldizsar, Unsplash)

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Johnny Wood, Senior Writer, Formative Content


  • The Net Zero Challenge report calls for more action to limit global warming.
  • Just 67 countries and eight US states have a net-zero ambition.
  • Even fewer have sufficient policies and legislation in place.
  • Some trends show progress, but there’s still a long way to go.
  • Calls on individuals to put pressure on companies and governments.

Finland, Denmark and Sweden are among the best performers when it comes to achieving carbon neutrality.

They each have strong ambitions that are translated into targets and supported by an effective policy framework, according to The Net Zero Challenge, a new report from the World Economic Forum and BCG.

 

The report looks at the world’s progression to net-zero emissions – when the amount of carbon dioxide released by a country or region on an annual basis is zero or negative. It focuses on the current state of play in countries and companies around the world and calls for more immediate action, both collectively and singularly. It also assesses progress made on the Paris Agreement, under which many governments pledged to attempt to keep a lid on global warming.

Net Zero Challenge Report
CO2 emissions look set to rise if more countries don’t commit to net zero emissions.
Image: The Net Zero Challenge Report – World Economic Forum and BCG

“Commitments made by governments so far are far from sufficient,” the report says. “Only 67 countries – among them none of the top five emitters – have committed to a net-zero goal. And even most countries with this commitment have not enacted robust-enough policies to achieve the emissions reductions required.”

What’s the World Economic Forum doing about climate change?

Climate change poses an urgent threat demanding decisive action. Communities around the world are already experiencing increased climate impacts, from droughts to floods to rising seas. The World Economic Forum’s Global Risks Report continues to rank these environmental threats at the top of the list.

To limit global temperature rise to well below 2°C and as close as possible to 1.5°C above pre-industrial levels, it is essential that businesses, policy-makers, and civil society advance comprehensive near- and long-term climate actions in line with the goals of the Paris Agreement on climate change.

The World Economic Forum’s Climate Initiative supports the scaling and acceleration of global climate action through public and private-sector collaboration. The Initiative works across several workstreams to develop and implement inclusive and ambitious solutions.

This includes the Alliance of CEO Climate Leaders, a global network of business leaders from various industries developing cost-effective solutions to transitioning to a low-carbon, climate-resilient economy. CEOs use their position and influence with policy-makers and corporate partners to accelerate the transition and realize the economic benefits of delivering a safer climate.

The report shows that while much action is going in the right direction, more still needs to be done. Sixty-seven countries assessed have a carbon-neutrality ambition, 16 have translated that into a sector roadmap with targets, while just eight have strong targets supported by an effective policy framework.

Net Zero Challenge Report
Only 16% of respondents put climate change in their top 3 concerns.
Image: The Net Zero Challenge Report – World Economic Forum and BCG

Many of the leading countries have enshrined their policies in law or formed cross-party coalitions to tackle the issues and set plans in motion.

Finland plans to be carbon neutral by 2035, in an agreement between five parties that took more than a month to negotiate. The government is set to review the target in 2025.

Sweden’s Climate Act entered into force in January 2018, enacting a strict roadmap for the government to follow. While the long-term target is net-zero emissions by 2045 at the latest, the plan sets out lots of concrete steps along the way.

In Denmark, new climate laws target carbon neutrality by 2050 with a robust monitoring system. It also sets out new legally binding targets that will be set every five years.

Net Zero Challenge Report
Governments and corporates still have a long way to go to show real progress in tackling emissions.
Image: The Net Zero Challenge Report – World Economic Forum and BCG

The report calls on other governments to unilaterally enact national regulation for reducing emissions with “ambitious policy frameworks that include a meaningful price on greenhouse gas emissions, but also sector-specific regulations and incentives promoting remedies such as a switch from fossil fuels to renewable energies, electric mobility, efficiency, green building standards – supported by accelerated innovation.”

It says that while the world as a whole is moving slowly, leaders at a national and corporate level could make quicker inroads. Ultimately, one of the biggest responsibilities lies with individuals, who can put pressure on governments and businesses to take action.

“We have seen a surge in public pressure and global activism in recent years, especially among the youth and in Western countries,” the report says. “Much more – and geographically broader – citizen and consumer awareness is needed, however, to trigger a turnaround in public perception on a global scale.”

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

COP22 addresses a strong global pledge to effectively implement the Paris Agreement

Financial support for workers affected by no-deal Brexit

UN’s Bachelet addresses progress and setbacks in human rights worldwide

The European Union continues to lead the global fight against climate change

Shaping the future of democracy in Armenia

Why the agtech boom isn’t your typical tech disruption

What’s really driving corporate climate action?

These innovations could keep us cool without warming the planet

In West Africa, UN Security Council visits Côte d’Ivoire and Guinea-Bissau

UNICEF reports uneven progress in 30 years of child rights treaty

Friday’s Daily Brief: hunger in North Korea, human rights in Iran, updates on DR Congo and Benin

Multilateralism’s ‘proven record of service’ is focus of first-ever International Day

China hopes EU Commissioner De Gucht drops super anti-dumping tariff on solar panels

Restoring prospect of peace in Middle East is ‘our shared responsibility’ UN envoy tells Security Council

Industrial price dive may lead to point of no return

Alcoholic drinks: Commission tables update of rules governing alcohol excise duties

Anti-vaccination: a private choice leading to collective outcomes

UN appeals for international support as flood waters rise in wake of second Mozambique cyclone

UN condemns deadly attack against G5 Sahel force headquarters in Mali

UN chief calls for ‘immediate end’ to escalation of fighting in southwestern Syria, as thousands are displaced

This app uses augmented reality to rewrite ‘herstory’

Cocaine and opium production worldwide hit ‘absolute record highs’ – major threat to public health says UN study

Greece: The new government of Alexis Tsipras shows its colors

The world’s landmine stockpiles in numbers

A Sting Exclusive: “Climate Change needs to be demystified”, Anneli Jättenmäki Vice President of European Parliament underscores from Brussels

3 ways to make the 2020s the decade we close the gender gap

“Our house is on fire.” 16 year-old Greta Thunberg wants action

How cocoa farming can help stop deforestation

So, what is your favourite Sustainable Development Goal?

AI-driven companies need to be more diverse. Here’s why

Cameron readies to support ‘yes’ for Britain in the EU

MEPs boost support for EU research and Erasmus

EU adopts retaliative measures in response to US steel and aluminum tariffs

In Finland, speeding tickets are linked to your income

‘Negative developments’ undermining two-State solution in Middle East

EU Court of Justice invalidates Safe Harbour and the game for thousands US businesses suddenly changes

EU and UK soon to be in a post-Brexit rush over free trade agreement with Australia

Conflict diamonds and climate change: Cooperate, don’t compete over natural resources urges Guterres

‘Transformational benefits’ of ending outdoor defecation: Why toilets matter

Protecting whistle-blowers: new EU-wide rules approved

Trump’s Russophiles under investigation, Europe remains ‘en garde’

Mental health: what can be done to diminish increasing suicide rates?

4 ways 3D printing can revolutionize manufacturing

Water supply a human right but Greeks to lose their functioning utilities

Gender equality: an issue much talked about but less acted upon

10 tonnes of trash was taken off Everest – and repurposed

“None of our member states has the dimension to compete with China and the US, not even Germany!”, Head of EUREKA Pedro Nunes on another Sting Exclusive

CDU-SPD agree the terms for EU’s Banking Union

This is how people in Europe are helping lead the energy charge

Terrorist content online should be removed within one hour, says EP

A Sting Exclusive: “Climate change and youth inaction: oblivion or nonchalance?”, AIESEC wonders from Brussels

In Washington D.C., Guterres signs pact with World Bank, meets US President Trump

Eurozone’s credibility rock solid

Medical ethics in the age of the social media influencers

Fairness in the Food Supply Chain: Commission welcomes Member States’ support for greater price transparency

This is what the world’s waste does to people in poorer countries

Time to be welcome: Youth work and integration of young refugees

Why the ECB had to clarify it caters for the entire Eurozone not just Germany?

A seafood fraud investigation DNA tested fish sold in the US. Here’s what they found

Revolutionary technologies will drive African prosperity – this is why

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s