Net zero mamentum is building. The UN CimateChange Conference in Glasgow (COP26) hekdin November 2021 wes a catalyst; now morethan 90% of the globel economy is coveredby national net zero commitments.
Regianal and industry differences remain, butadvances have been made everywhere And a
greater proportion of companies committed to netzero are setting more sophisticated targets. Theyarespurring short-term action, planning the shiftto renewables, and developing ather dearly visitbkeclimate mitigation and adaptation strategies.
Butthe context has also changed considerabhyin the past year. The war in Ukraine and the
macroeconomic fallout from the pandemic hevemade the task of decarbonization harder.
On the positive side, this seems to have focusedminds The proportion of companies plarning toincresse investments in sustainabdity hes risen;totalrenewable energy spending grew by 11%year-on-yeer in thefirst helf of 2022 alone.
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