Region: Global
Country: Global / Non-Specific
Topic: Emission Reduction Program
Keywords: PPPs by Topic *, Emission Reduction Program **, Carbon
Document Link(s):
Document Summary:
In the last few years, the phrase ‘net zero’ has gone from being a somewhat obscure scientific concept to centre stage in discourse on halting climate change. Pledges to reach net zero emissions are everywhere – in governments’ economic development plans, corporate strategies, investors’ portfolio targets and the manifestos of regional governments and city councils. Net zero forms a major theme of this year’s pivotal UN climate summit in Glasgow.
Document Details:
This report presents what is the first systematic analysis of significant emitters, looking at the robustness of net zero pledges as well as their scope. It looks for evidence that entities have components of a credible plan in place, such as interim targets, a reporting mechanism and clarity on use of offsets; it does not assess whether such plans are internally coherent nor compatible with a global trajectory to the 1.5°C Paris Agreement target.12 This report is an ‘opening snapshot’ that will allow the anticipated strengthening of net zero targets to be tracked over time.
Updated:
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Page Specific DisclaimerThis section is intended to be a living document and will be reviewed at regular intervals. The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions. Unless expressly stated otherwise, the findings, interpretations, and conclusions expressed in the Materials in this Site are those of the various authors of the Materials and are not necessarily those of The World Bank Group, its member institutions, or their respective Boards of Executive Directors or member countries. For feedback on the content of this section of the website or suggestions for links or materials that could be included, please contact the Public-Private Partnership Resource Center at ppp@worldbank.org.
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