What is the story about?
What's Happening?
The Net Zero Tracker initiative reports that U.S. businesses are increasing their climate commitments, even as the federal government retreats from its Paris Agreement targets. More than one-third of U.S. states and numerous cities have retained their net-zero commitments. The number of U.S.-based companies with net-zero targets grew by 9% in the past year, with new commitments from major firms like eBay and Merck & Co. Despite federal backtracking, subnational and corporate leaders continue to push for emission reductions.
Why It's Important?
The increase in climate commitments by businesses and subnational governments highlights the growing recognition of the importance of sustainability and emission reductions. These efforts are crucial for addressing climate change and achieving long-term environmental goals. The shift towards net-zero targets reflects a broader trend of companies prioritizing sustainability, which can drive innovation and competitiveness.
Beyond the Headlines
While many companies have set net-zero targets, nearly half lack detailed delivery plans. The Net Zero Tracker emphasizes the need for credible, ambitious targets supported by robust plans to ensure meaningful progress. The report warns against delaying tangible climate action, urging companies to prioritize near-term milestones.
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