Published December 2020
In the last year, the world has seen an unprecedented acceleration towards a net-zero economy. Governments, companies, financial institutions, cities and regions are joining forces and ‘racing to zero’, aiming to entirely transform the energy system – in just three decades.
To date, more than half of the world’s GDP, or almost USD 46 trillion, is presently estimated to be under or currently considering a net-zero by 2050 commitment. While non-state actors covering more than 25% of global CO2 emissions have made netzero commitments under the Race to Zero. The number is growing, critical mass is within sight.