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The UAE is already proving a petro -state can transition toward netzero, says Luma Saqqaf, CEO of Ajyal Sustainability Consulting, but tough challenges remain. In March 2023, the UAE confirmed its netzero target as a domestic policy objective by signing the ‘ UAE Governments NetZero 2050 Charter ’.
The pace has quickened further in 2022 in response to then Prime Minister Yoshihide Suga’s April 2021 announcement that by 2030 the country’s emissions would reduce by 46% relative to 2013 levels. Such high levels volumes in the ESG investment space partly reflect the lead taken by the country’s policymakers and financial regulators.
Deirdre Cooper, Co-Head of Thematic Equities and Co-Portfolio Manager of the Global Environment Fund at global asset manager Ninety One, says the world’s ability to meet netzero targets will depend on countries such as China and India. What are China’s stated netzero goals? GW of new plants (a net 29.8
SDSN signed a partnership agreement with the ClimateActionTracker (CAT) to collaborate in the coming years on areas of common interest, including around national net-zero strategies, pathways and policies. Further work is planned in 2022 on financing the SDGs in SIDS.
Indian Prime Minister Narendra Modi’s announcement in the first days (much to the surprise of Indian observers) that India would reach netzero emissions by 2070 and generate 50% of its energy from renewables by 2030 helped lower that trajectory to 2.4°C. That group is expected to report back in 2022.
What are Australia’s stated netzero goals? Australia adopted an economy-wide target of netzero emissions by 2050 in the run-up to COP26. ClimateActionTracker (CAT) argues that Australia does not have a netzero target, arguing the federal government’s mid-century goal is not backed up by concrete commitments.
Canadian Liberal MP Ryan Turnbull outlines the importance of building consensus to stimulate debate on environmental issues and accelerate climate-related policy. Canada has made slow progress on tackling climate change.
In March, the Intergovernmental Panel on Climate Change’s (IPCC) AR6 synthesis report noted that, while there are “tried and tested” policy measures that can achieve deep greenhouse gas (GHG) emissions reductions and build climate resilience, they will only have an impact if “scaled and applied globally”.
They include China, India, Brazil, Mexico and Indonesia, and have a mixture of 2030 targets and net-zero goals for 2050 and beyond. That includes the European Green Deal, a renewed commitment from the Biden administration to tackle emissions, and Canada’s own Net-Zero Emissions Accountability Act.
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