Net Zero Targets: Which Countries Have Them and How They Stack Up

1. Webinar Net Zero Emissions Targets: Which Countries Have Them and How They Stack Up 2 June 2021

2. Speakers • Katie Ross, Associate II, Climate Program, WRI • Johannes Friedrich, Senior Associate, Climate Program, WRI • Mengpin Ge, Associate II, Climate Program, WRI • Rhys Gerholdt, Communications Director, Climate Program, WRI (Moderator)

3. WHY IS NET-ZERO IMPORTANT? A Brief Explainer

4. IN THE NEWS…

5. RACE TO ZERO CAMPAIGN AHEAD OF COP26 A coalition of leading net zero initiatives, representing 708 cities, 24 regions, 2,360 businesses, 163 of the biggest investors, and 624 Higher Education Institutions.

6. CONTEXT • The 2015 Paris Agreement introduces language around net-zero: “achieve a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases in the second half of this century…” • The 2018 IPCC special report examined “net-zero” in the context of 1.5°C and 2°C pathways • Many recent long-term strategies are increasingly exploring questions around net-zero

7. https://reports.swissre.com/sustainability-report/2019/footprint/net-zero-commitment-in- our-operations-by-2030/focus-our-commitment-in-detail.html WHAT DOES IT MEAN TO REACH GLOBAL NET-ZERO EMISSIONS?

8. WHY DOES THE WORLD NEED TO REACH NET-ZERO EMISSIONS?

9. HOW TO ACHIEVE NET-ZERO EMISSIONS? SOME EXAMPLES…

10. IS THE WORLD ON TRACK FOR NET-ZERO BY 2050? https://publications.wri.org/state_of_climate_action

11. HOW MANY COUNTRIES HAVE NET-ZERO TARGETS? 48 Parties, representing 59 countries and 54% of global GHG emissions, have communicated net-zero targets. Source: Climate Watch Net-Zero Tracker Last updated: June 1, 2021

12. BY WHEN HAVE COUNTRIES COMMITTED TO REACH NET ZERO?

13. ARE NET-ZERO TARGETS GREENWASHING? • No, but valid concerns have been raised – Credibility of target (overreliance on removals and under- developed tech) – Possible distraction from immediate and transformative change – Lack of political accountability with target so far into the future

14. HOW TO SPOT ROBUST NATIONAL NET-ZERO TARGETS?

15. HOW TO SPOT ROBUST NATIONAL NET-ZERO TARGETS?  Covers all GHGs and sectors  Clarity on how much of the target is met through domestic emissions reductions  Avoids or limits use of international offsets  Target communicated clearly (on coverage and on timing)  Informs near-term targets (e.g., in NDC)  Communicates clear policy for attainment https://files.wri.org/s3fs-public/setting-course-to-netzero.pdf

16. FURTHER READING Article • What Does "Net-Zero Emissions" Mean? 8 Common Questions, Answered Research Paper • Designing and Communicating Net-zero Targets

17. NET-ZERO TOOLS ON CLIMATE WATCH www.climatewatchdata.org

18. WRI’S DATA PLATFORMS Intro Climate Watch

19. WHAT IS CLIMATE WATCH? Intro Climate Watch

20. Intro Climate Watch THE USERS OF CLIMATE WATCH DATA 123+ Government Ministries & IOs from 55+ countries 25,000+ data downloads 380,000+ Users in total since launch 400+ Major Companies Researchers, NGOs & Media from every country 22 (I)NDCs from 11 countries reference CW data

21. Intro Climate Watch REFERENCES TO CLIMATE WATCH DATA

22. KEY MODULES OF CLIMATE WATCH Intro Climate Watch

23. CLIMATE WATCH RESOURCE BANK https://www.climatewatchdata.org/key-visualizations

24. NET-ZERO BY THE NUMBERS

25. 59 COUNTRIES HAVE NET-ZERO TARGETS, 54% OF EMISSIONS Available at: https://www.climatewatchdata.org/net-zero-tracker

26. NET-ZERO TARGETS SET IN LAWS, POLICIES AND POLITICAL PLEDGES Available at: https://www.climatewatchdata.org/net-zero-tracker

27. WHICH YEAR DID COUNTRIES SET NET-ZERO TARGETS?

28. BY WHEN HAVE COUNTRIES COMMITTED TO REACH NET ZERO?

29. 28 NET-ZERO TARGETS SPECIFIED WHAT GHG GASSES ARE COVERED Available at: https://www.climatewatchdata.org/net-zero-tracker

30. AT LEAST 31 NET-ZERO TARGETS COVER ALL DOMESTIC SECTORS Available at: https://www.climatewatchdata.org/net-zero-tracker

31. USE INTERNATIONAL OFFSETS TO ACHIEVE NET-ZERO IS UNCLEAR FOR MOST COUNTRIES Available at: https://www.climatewatchdata.org/net-zero-tracker

32. Net-Zero Resources on Climate Watch Net-Zero Tracker https://www.climatewatchdata.org/net-zero-tracker Explore Long-Term Strategies (LTS) https://www.climatewatchdata.org/lts-explore

33. Q&A

34. GLOBAL EMISSIONS BY SECTOR

35. WHAT DOES IT MEAN TO REACH GLOBAL NET-ZERO EMISSIONS?

Net Zero Targets: Which Countries Have Them and How They Stack Up

Net Zero Targets: Which Countries Have Them and How They Stack Up

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