Net Zero Stocktake 2024

The Net Zero Stocktake 2024 finds that while net zero target-setting is increasing among companies, cities, and subnational governments, very few (5% or less) meet all minimum integrity criteria. The report highlights a significant rise in target-setting by Asian companies and notes that while national targets often act as an ambition 'ceiling', some subnational governments in countries like Australia, Germany, and India have set more ambitious targets than their national governments.

• Net zero target-setting has increased among non-state entities since the 2023 Stocktake, with growth of 28% for states and regions, 8% for cities, and 23% for companies. However, over 40% of non-state entities still lack emission reduction or net zero equivalent targets, including companies such as Tesla, Nintendo, and Berkshire Hathaway.
• Despite the growth in the number of pledges, target integrity remains low; 5% or fewer of states, regions, cities, and companies meet all minimum procedural and substantive integrity criteria. Members of the Race to Zero campaign generally outperform non-members on these criteria, though both groups require improvement.
• There has been a notable increase in net zero target-setting among companies in Asia: China's count grew from 27 to 48, India's from 20 to 29, Japan's from 118 to 184, and South Korea's from 22 to 41.
• In 14 major-emitting nations, national targets typically serve as a 'ceiling' for ambition, but some subnational governments exceed them. Specifically, 14 of 46 states in India, seven of 16 states in Germany, and three of eight self-governing states in Australia have set earlier net zero targets than their respective national governments.

APA

Net Zero Tracker (2024). Net Zero Stocktake 2024. https://zerotracker.net/analysis/net-zero-stocktake-2024

Chicago

Net Zero Tracker. Net Zero Stocktake 2024. 2024. https://zerotracker.net/analysis/net-zero-stocktake-2024.

Wikipedia

{{cite report |author=Net Zero Tracker |title=Net Zero Stocktake 2024 |date=23 September 2024 |url=https://zerotracker.net/analysis/net-zero-stocktake-2024 |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{netzerotracker2024net, author = {{Net Zero Tracker}}, title = {{Net Zero Stocktake 2024}}, institution = {Net Zero Tracker}, year = {2024}, month = sep, url = {https://zerotracker.net/analysis/net-zero-stocktake-2024}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }