Net Zero Coalition | United Nations (2024)

FAQs

Which countries have net zero pledges? ›

Yes, a growing coalition of countries, cities, businesses and other institutions are pledging to get to net-zero emissions. More than 140 countries, including the biggest polluters – China, the United States, India and the European Union – have set a net-zero target, covering about 88% of global emissions.

Net Zero Nation was established to accelerate the transition to Net Zero by a unique programme of mass-mobilising SMEs, to enable carbon reduction and become more resilient and successful organisations.

The UN-convened Net-Zero Asset Owner Alliance (NZAOA) is a member-led initiative of institutional investors committed to transitioning their investment portfolios to net zero GHG emissions by 2050 – consistent with a maximum temperature rise of 1.5°C.

The Getting to Zero Coalition is an industry-led platform for collaboration that brings together leading stakeholders from across the maritime- and fuels value chains with the financial sector and others committed to making commercially viable zero-emission vessels a scalable reality by 2030, towards full ...

China, the world's largest producer of greenhouse gases accounting for 27% of global emissions, made a surprise pledge at the 75^th UN General Assembly to achieve carbon neutrality by 2060, boosting hopes for a pathway to global net-zero.

The United States has set a goal of net-zero emissions by no later than 2050. ) and is economy-wide. The goal is on a net basis, including both sources of emissions and removals. It does not include emissions from international aviation or international shipping.

It's perfectly possible to remove CO2 from the atmosphere - Professor Myles Allen, the physicist behind net zero.

The arguments against the net zero transition can be boiled down to four inter-related critiques: we can't afford it; we don't need to do it; it won't work; and we don't want to take the risk of being the first mover.

Net Zero Tracker, an independent group that follows corporate pledges, found that half the world's largest 2,000 publicly listed companies have a net zero target. In the past 16 months, the number of companies with these aims has risen 40% from 702 in June 2022 to 1,003 in October 2023.

What cities are committed to net zero? ›

We've all heard the term net zero, but what exactly does it mean? Put simply, net zero refers to the balance between the amount of greenhouse gas (GHG) that's produced and the amount that's removed from the atmosphere. It can be achieved through a combination of emission reduction and emission removal.

The Coalition's ambition is to commercialize zero-emission vessels operating along deep-sea trade routes by 2030, supported by the necessary infrastructure for scalable zero-carbon energy sources including production, distribution, storage and bunkering.

The smoke and mirror delivered by net zero pledges, many of which amount to little more than greenwashing, are counterproductive and may actually hurt efforts to truly address emissions while leading people to believe we're on track to mitigate the worst impacts of climate change.

Sweden and Germany have legally binding net zero targets for 2045. France, Denmark, Spain, Hungary and Luxemburg have set theirs for 2050. Japan, Korea, Canada, and New Zealand have passed laws committing to achieving net zero by 2050 while Ireland, Chile and Fiji have proposed legislation.

More than 10,000 companies have publicly announced these goals in one form or another. Although many of these goals are not independently verified, among the world's largest 2,000 companies, more than half have set net-zero targets according to Net Zero Tracker.

In line with its pathway to net-zero, Japan will end new construction of domestic unabated coal power plants, while securing a stable energy supply. Our commitment to mobilize up to approximately $70 billion USD climate finance from both public and private is also on track.

The European Union is committed to reaching 'net zero' CO₂ emissions by 2050. While the major part of this effort will come from reducing current emissions levels in the coming years, we will also need technologies that can capture CO₂ or remove it directly from the atmosphere and then store or utilise it.

The Canadian Net-Zero Emissions Accountability Act, mandates the NZAB to engage Canadians and provide independent advice to the Minister of Environment and Climate Change with respect to achieving Canada's target of net-zero emissions by 2050.