A study of more than 4,000 entities by climate think tanks has found that Chinese firms are lagging behind their regional and global counterparts from across the world when setting meaningful net-zero targets. Also, researchers are stressing the fact that a timely transition to global net-zero greenhouse gas emissions by the middle of the century will need a significant increase in transparency and integrity of existing net-zero pledges.
According to the study:
- Around 30 percent of the entities reviewed have established a net-zero target
- The 4 percent adherence rate of Chinese firms pales in comparison to regions like Europe, which have a 58 percent adherence rate
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