Corporate emissions targets and the neglect of future innovators

Author:

Robiou du Pont Yann1,Rogelj Joeri234,Hsu Angel5,van Vuuren Detlef16,Hoepner Andreas G. F.78

Affiliation:

1. Copernicus Institute of Sustainable Development, Utrecht University, Utrecht, Netherlands.

2. Centre for Environmental Policy, Imperial College London, London, UK.

3. Grantham Institute for Climate Change and the Environment, Imperial College London, London, UK.

4. Energy, Climate, and Environment Program, International Institute for Applied Systems Analysis, Laxenburg, Austria.

5. Data-Driven EnviroLab, University of North Carolina at Chapel Hill, Chapel Hill, USA.

6. PBL Netherlands Environmental Assessment Agency, Den Haag, Netherlands.

7. Smurfit Graduate Business School, University College Dublin, Dublin, Ireland.

8. Platform for Sustainable Finance, Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA), European Commission, Brussels, Belgium.

Abstract

Targets can distort competition in favor of incumbent firms

Publisher

American Association for the Advancement of Science (AAAS)

Reference15 articles.

1. NewClimate Institute Oxford Net Zero Energy and Climate Intelligence Unit Data-Driven EnviroLab “Net zero stocktake 2023” (Net Zero Tracker 2023); www.zerotracker.net/analysis/net-zero-stocktake-2023.

2. United Nations’ High-Level Expert Group on the Net Zero Emissions Commitments of Non-State Entities “Integrity matters: Net zero commitments by businesses financial institutions cities and regions” (UN 2022); https://www.un.org/sites/un2.un.org/files/high-level_expert_group_n7b.pdf.

3. Can Science-Based Targets Make the Private Sector Paris-Aligned? A Review of the Emerging Evidence

4. Increased transparency is needed for corporate science-based targets to be effective

5. Warming assessment of the bottom-up Paris Agreement emissions pledges

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1. What drives companies’ progress on their emission reduction targets?;Journal of Cleaner Production;2024-08

2. Science-based targets miss the mark;Communications Earth & Environment;2024-07-23

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