Despite increased ambition in their climate target-setting, 51 of the world’s largest companies commit to reducing their emissions by only 30% on average by 2030, falling short of the 43% reduction required to limit global warming to 1.5°C, according to a report released today by NewClimate Institute in collaboration with Carbon Market Watch. While the slight improvement in the companies’ targets is a positive step, the report warns against taking these targets at face value, as many companies still rely on loopholes and false solutions to exaggerate the ambition of…
Read MoreSlow improvement in companies’ climate targets threatened by potential new offsetting loophole
