Policy and regulatory breakthroughs are coming together — but will government and business deliver?
Still, the report triggered an outpouring of net zero commitments that today have been made by at leastAlas, there have been virtually no rules to govern this eruption of pledges. A company could promise to become net zero by 2050 without saying what it would do in any year before then. Or it could have a plan to offset its emissions with carbon credits based on saving a patch of forest on the other side of the world.
Most companies had vague, “highly ambiguous” net zero targets that did not represent “a commitment to deep decarbonisation”. And the same could be said for many national governments.
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