Pleased and proud to be launching today the first systematic assessment of #NetZero targets across nations, states & regions, cities and corporates, asking not only how far they cover emissions, population and GDP, but how rigorous they are 
"Taking Stock" eciu.net/analysis/repor… results from months of collaborative work with @thomasnhale @stv_smth @ByronFay1 @katecullen_ & Saba Mahmood of @OxfordNetZero, and @johnlangab & myself from @ECIU_UK...
...not to mention a plethora of student volunteers who helped us gather data for the 'mother of all net zero spreadsheets'
We survey 4000+ entities - all nations, states & regions from the 25 highest-emitting nations, cities over 500,000 in population, and companies in the Forbes Global 2000 list
Of these, 769 (19%) have a net zero target in place. This gives pretty good coverage in terms of global society, economy and emissions
To look at the rigour of these commitments we adapted 'starting line' criteria used by the UN #RaceToZero
Across those 769 entities, as you'd imagine, it's a mixed bag. 60% have set interim targets, 62% have a mandatory reporting mechanism, and 44% have published a plan. Which, as #NetZero is in its infancy, are probably decent numbers - but equally they show there's a way to go
On offsetting, an area frequently highlighted in criticisms of net zero targets, the overall takeaway is lack of clarity. We're all aware of companies appearing to rely too heavily on forest offsets - but you can't assess how heavily they're relying if they don't tell you
In contrast, while some entities need to be more explicit about which gases their net zero pledges cover (and ideally specify 'all greenhouse gases') the majority are explicit already. Corporates could usefully extend their pledges to cover all Scopes of emissions
Worth saying that as we have always done, we take an inclusive definition of 'setting a target' which encompasses everything from a political statement to a legal commitment
As this is the first time anyone's done this kind of analysis, it can serve as a 'baseline' from which we can look for improvements. And it's logical to expect movement this year: nations are all due to publish #NDCs in advance of #COP26, including carbon-cutting targets for 2030
So - as we're seeing with Japan right now - the logical ask is to make the 2030 goal compatible with the nation's net zero target asia.nikkei.com/Spotlight/Envi…
Meanwhile focus on corporates is really stacking up, from investors and citizens alike (eg ft.com/content/12fd1c…)
Full report at ca1-eci.edcdn.com/reports/ECIU-O… - one suspects lots more net zero news to come this year
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