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The 'G20: Net Zero Stocktake' is the inaugural analysis by the Net Zero Tracker consortium, examining net zero commitments across various G20 entities. As of 27 October 2021, the analysis notes that including the European Union's collective target increases net zero coverage to 81% for emissions, 82% for GDP, and 61% for population.

India faces significant trade risks as 68% of its exports are sold to countries with net zero targets. The report highlights a critical 'carbon competitiveness' gap, particularly in professional and IT services, where India's embodied emissions are often over 10 times higher than its competitors due to a coal-heavy power grid. While India has made progress in renewable capacity, reaching 50% non-fossil installed capacity by 2025, it remains vulnerable to Carbon Border Adjustment Mechanisms (CBAMs) in the EU and UK. The report suggests that aligning industrial policy with clean energy and securing international concessional finance are vital for India to challenge China's manufacturing dominance and safeguard millions of export-related jobs.