Net zero targets must become a reality to keep Paris temperature goals live

The report, from the Net Zero Tracker project, shows that while net zero targets are now the norm, much is still to be done if the climate goals agreed at Paris are to be achieved. 929 companies from the Forbes 2000 list have set net zero targets, up from 417 in December 2020. Dr Steve Smith, Executive Director of Oxford Net Zero and CO2RE, maintains, ‘Expecting fossil fuel companies to go net zero might seem like asking turkeys to vote for Christmas. NZT is an independent research consortium, comprising The Energy & Climate Intelligence Unit (ECIU); Data-Driven EnviroLab (UNC); NewClimate Institute; and Oxford Net Zero. NZT applies advanced AI/ML approaches to automatically extract key data points on net zero targets to increase the efficiency and scalability of data collection.