An Action Plan for Solving Our Climate Crisis Now

1.0
Electrify Transportation
Reduce 8 gigatons of transportation emissions to 2 gigatons by 2050.
1.1
Price

Achieve global price parity between EVs and gas-powered vehicles by top emitters by 2030.

Updated April 2025
Insufficient Progress

$55,694 (average EV) vs. $45,264 (average full-size car) in the U.S.

Source: Kelley Blue Book, 2024

1.2
Cars

Increase EV sales to 50% of all new car sales by 2030, 95% by 2040.

Updated April 2025
Insufficient Progress

EV share of car sales was 24.0% in 2024

(BEVs and PHEVs)

Source: BloombergNEF, 2025

1.3
Buses

Electrify all new buses by 2030.

Updated April 2025
Failing

27.2% of new bus purchases were electric in 2023

Source: BloombergNEF, 2023

1.4
Trucks

Increase sales of zero-emissions medium and heavy trucks to 30% of all new truck sales by 2030; 95% by 2045.

Updated April 2025
Failing

Electric share of global truck sales was 0.9% in 2023

(BEVs, FCVs, and PHEVs)

Source: BloombergNEF, 2023

1.5
Miles ↓ 5 Gt

Increase miles driven by electric vehicles (two- and three-wheelers, cars, buses, and trucks) to 50% of the global total by 2040, 95% by 2050.

Updated May 2025
Insufficient Progress

EV global share of miles driven across road vehicles in 2023: 6.3%

(BEVs, FCVs, and PHEVs)

Source: BloombergNEF, 2024

1.6
Planes ↓ 0.3 Gt

Increase low-carbon fuel for aviation to 40% by 2040.

Updated April 2025
Failing

0.3% of fuel use is low-carbon

Source: BloombergNEF, 2025

1.7
Maritime ↓ 0.6 Gt

Deploy low-carbon fuel for 5% of maritime shipping by 2030; zero out emissions for the shipping industry by 2050.

Updated April 2025
Failing

Zero percent of new ships are low-carbon

Source: Global Martime Forum, 2024

2.0
Decarbonize the Grid
Reduce 24 gigatons of global electricity and heating emissions to 3 gigatons by 2050.
2.1
Zero Emissions ↓ 16.5 Gt

Tap emissions-free sources to generate 50% of electricity worldwide by 2026, 90% by 2035.*

Updated April 2025
Insufficient Progress

39% of electricity came from emissions free sources in 2023

Source: Energy Institute, 2024

2.2
Solar & Wind

Make the cost of solar and wind lower than fossil fuels by 2025.

Updated April 2025
Achieved

On average Solar PV is $37 per MWh cheaper than fossil fuels

Source: BloombergNEF, 2025

2.3
Storage

Reduce the cost of short-duration electricity storage to less than $50 per kWh by 2028 and the cost of long-duration electricity storage (up to 30 days) below $10 per kWh by 2030.

Updated April 2025
Insufficient Progress

Short-duration storage: $165 per kWh

Long-duration storage: Limited Data

Source: BloombergNEF, 2024

2.4
Coal & Gas

Stop the build-out of new coal and gas plants immediately; retire or zero out emissions from existing plants by 2040.*

Updated April 2025
Code Red

Now in operation globally: 6,538 coal-fired plants and 7,986 gas plants

Source: Global Energy Monitor, 2025

 

2.5
Methane Emissions ↓ 3 Gt

Reduce flaring and eliminate leaks and venting from coal, oil, and gas sites by 2030.

Updated April 2025
Code Red

3 gigatons of methane emissions from the energy sector in 2023 (CO2 equivalent)

2.6
Heating & Cooking ↓ 1.5 Gt

Cut fossil fuels for heating and cooking in half by 2040.*

Updated April 2025
Failing

In 2022, building heating generated 2.5 Gt of emissions and over 7 billion people used fossil fuels for cooking

2.7
Cleaner Economy

Triple the ratio of GDP to fossil fuel consumption.

Updated May 2025
Insufficient Progress

Global average: $252 of GDP per Exajoule of Fossil Fuel Consumption

Source: Energy Institute and World Bank, 2024

3.0
Fix Food
Reduce 9 gigatons of agricultural emissions to 2 gigatons by 2050.
3.1
Farm Soils ↓ 2 Gt

Improve soil health by increasing carbon content in topsoils to a minimum of 3% by 2035.

Updated April 2025
Limited Data

Limited Data

3.2
Fertilizers ↓ 0.5 Gt

Stop overuse of nitrogen-based fertilizers and develop cleaner alternatives to cut emissions in half by 2050.

Updated April 2025
Failing

The world uses 65.4 kilograms per hectare of nitrogen-based fertilizers

Source: Food and Agriculture Organization and Our World in Data, 2024

3.3
Cows ↓ 3 Gt

Cut emissions from beef and dairy consumption by 25% by 2030, 50% by 2050.

Updated April 2025
Code Red

3.3 gigatons of emissions from beef and dairy in 2022

3.4
Rice ↓ 0.5 Gt

Reduce methane and nitrous oxide from rice farming by 50% by 2050.

Updated April 2025
Failing

1.1 gigaton of CO2e resulting from rice production

Source: Our World in Data, 2024

3.5
Food Waste ↓ 1 Gt

Cut food waste to 10% by 2050.

Updated April 2025
Failing

31% of food in the US is wasted

Source: ReFed, 2024

4.0
Protect Nature
Go from 6 gigatons of emissions to -1 gigatons by 2050.
4.1
Forests ↓ 6 Gt

Achieve net zero deforestation by 2030; end logging and other destructive practices in primary forests.

Updated May 2025
Code Red

16.1 million hectares of permanent tree cover loss

Source: Global Forest Watch, 2025

4.2
Oceans ↓ 1 Gt

Protect 30% of oceans by 2030, 50% by 2050.

Updated April 2025
Failing

8.4% of the earth’s oceans are protected

Source: Protected Planet, 2024

4.3
Lands

Expand protected lands to 30% by 2030, 50% by 2050.

Updated April 2025
Insufficient Progress

17.6% of the world’s lands are protected

Source: Protected Planet, 2024

5.0
Clean Up Industry
Reduce 12 gigatons of industrial emissions to 4 gigatons by 2050.
5.1
Steel ↓ 3 Gt

Reduce emissions from steel production 50% by 2030, 90% by 2040.

Updated April 2025
Code Red

3.4 gigatons of emissions from steel production (CO2 equivalent)

Source: Climate TRACE, 2025

5.2
Cement ↓ 2 Gt

Reduce emissions from cement production 25% by 2030, 90% by 2040.

Updated April 2025
Code Red

3 gigatons of emissions from cement production (CO2 equivalent)

Source: UNEP, 2024

5.3
Other Industries ↓ 3 Gt

Reduce emissions from other industrial sources (primarily plastics, chemicals, paper, aluminum, glass, and apparel) 60% by 2050.

Updated April 2025
Code Red

5.1 gigatons emitted from other industries (CO2 equivalent)

Source: Climate TRACE, 2025

6.0
Remove Carbon
Remove 10 gigatons of carbon dioxide per year from the atmosphere.
6.1
Nature-Based Removal ↓ 5 Gt

Increase carbon removal by at least 3 gigatons per year by 2030 and 5 gigatons by 2040.

Updated April 2025
Code Red

0.05 gigatons of nature-based carbon removal being tracked

Source: Climate Focus, 2025

6.2
Engineered Removal ↓ 5 Gt

Remove at least 1 gigaton per year by 2030 and 5 gigatons by 2050.

Updated April 2025
Code Red

Currently, 0.0006 gigatons are being removed annually

Source: CDR.fyi, 2024

7.1
Net Zero Pledges

The five top emitters’ heads of state say their countries will reach net zero by 2050.*

Updated May 2025
Insufficient Progress

China: 2060

U.S.: No Current Target*

EU: 2050

India: 2070

Russia: 2060

7.2
Action Plans

The five top emitters are on track to cut emissions in half by 2030.

Updated April 2025
Code Red

2030 trajectory (Policies and action against fair share):

China: <3°C

US: <3°C

EU: <3°C

India: <3°C

Russia: 4°C

 

Source: Climate Action Tracker, 2024

7.3
Carbon Price

National prices on greenhouse gases are set at a minimum of $75 per ton, rising 5% annually.

Updated April 2025
Insufficient Progress

Global average price: $36 per ton

24% of global emissions are covered by a carbon pricing mechanism

 

7.4
Subsidies

Eliminate direct subsidies to fossil fuel companies.

Updated April 2025
Failing

$1.3 trillion in explicit fossil fuel subsidies globally

7.5
Methane

The top five emitters pledge to control flaring, prohibit venting, and mandate prompt capping of methane leaks.

Updated April 2025
Code Red

The top five emitters take the Global Methane Pledge

China – No pledge

US – Pledge

EU – Pledge

India – No pledge

Russia – No pledge

Source: Global Methane Pledge, 2024

7.6
Refrigerants

The top five emitters commit to phasing out hydrofluorocarbons (HFCs).

Updated April 2025
On Track

All five major emitters have ratified the Kigali amendment

8.1
Voters

The climate crisis becomes a top-three issue.

Updated April 2025
Failing

Climate ranked ninth globally out of eighteen top issues

Source: Ipsos, 2025

8.2
Government

A majority of key government officials support the drive to net zero.

Updated April 2025
Limited Data

Limited Data

8.3
Business

100% of Fortune Global 500 companies commit to reach net zero by 2050.

Updated April 2025
Failing

15.0% of Fortune Global 500 Companies have a net zero commitment

Source: Speed & Scale, 2025

Data is pulled from Fortune Global 500 websites to track emissions targets of each corporation

8.4
Education

The world achieves universal education through ninth grade by 2040.

Updated April 2025
Failing

74.7% of students complete education through a ninth-grade level

Source: World Bank, 2024

8.5
Health

The world eliminates pollution-linked mortality by 2040.

Updated April 2025
Insufficient Progress

1.9 years (global average loss of life due to air pollution)

Source: Air Quality Life Index (AQLI), 2025

8.6
Jobs

The global clean energy transition creates 65 million new jobs by 2040.

Updated April 2025
Insufficient Progress

16.2 million people employed in clean energy jobs

9.1
Batteries

10,000 GWh of batteries are produced annually at less than $80 per kWh by 2035.

Updated April 2025
On Track

Production: 3,786 per GWh

Price: $115 per kWh 

Source: BloombergNEF, 2024

9.2
Electricity

The cost of zero-emissions baseload power drops to $0.02 per kWh by 2030.

Updated April 2025
On Track

$0.03 per kWh for utility-scale onshore wind

$0.04 per kWh for utility-scale solar PV

9.3
Green Hydrogen

The cost of producing hydrogen from zero-emissions sources drops to $2 per kg by 2030, $1 per kg by 2040.

Updated April 2025
Failing

$4-$12 per kg, not currently produced at scale

Source: BloombergNEF, 2024

9.4
Carbon Removal

Cost of engineered carbon dioxide removal falls to $100 per ton by 2030, $50 per ton by 2040.

Updated April 2025
Insufficient Progress

Weighted average of $316 per ton of carbon removed through DACCS, not at scale

Source: CDR.fyi, 2025

9.5
Carbon-Neutral Fuels

Cost of synthetic fuel drops to $2.50 per gallon for jet fuel and $3.50 for gasoline by 2035.

Updated April 2025
Failing

Jet Fuel: $2.38 (Traditional) vs. $5.95 (Sustainable)

Vehicle Fuel: $3.24 (Diesel) vs. $3.96 (Biodiesel)

Source: International Air Transport Association, BloombergNEF, and Alternative Fuels Data Center, 2024

Diesel and Biodiesel are U.S. prices

10.1
Financial Incentives

Global government support and incentives for clean energy expand to $600 billion per year.

Updated April 2025
Limited Data

Limited Data

10.2
Government R&D

Public investment in sustainability research and development increases to $120 billion per year.

Updated July 2025
Insufficient Progress

Low carbon R&D globally: $26.8 billion

10.3
Venture Capital

Private investment into cleantech startups totals $50 billion per year.

Updated April 2025
Insufficient Progress

$32.1 billion invested in climate tech startups

Source: BloombergNEF, 2025

10.4
Project Financing

Clean energy project financing rises to $1 trillion per year.

Updated June 2025
Achieved

Clean energy financing is at an all-time high, hitting $1.3 trillion

Source: BloombergNEF, 2025

10.5
Philanthropy

Philanthropic dollars for tackling emissions grow to $30 billion per year.

Updated April 2025
Insufficient Progress

Less than 2% (between $9 billion and $16 billion) of philanthropic giving is dedicated to climate change mitigation

From the heartbreaking floods in Texas to the ripple effects of a major clean energy rollback, this month’s climate news is a sobering reminder of how fast the stakes are rising.

STANDING WITH TEXAS: It would be hard to imagine a more heartbreaking, horrific scene than the devastating July 4 floods in Central Texas. Amid an astounding 20 inches of rain, as the Guadalupe River rose 26 feet in 45 minutes, the raging waters swept away cars, RVs, and whole houses. Ten days later, more than 130 people have been confirmed dead–including 27 young campers and staff members at Camp Mystic in the Texas Hill Country. More than 100 remain missing.


As the nation joins survivors in mourning the victims, the floods are a tragic reminder of the need to prepare and adapt for extreme weather, especially on vulnerable coastlines and floodplains. (Camp Mystic was built in an area known to meteorologists as “Flash Flood Alley.”) At the same time, the Texas calamity underscores the urgent need to cut fossil fuel emissions. It’s no coincidence that the frequency of weather disasters has risen 500 percent over the last fifty years. Warmer air holds more water. Based on a preliminary European analysis, “natural variability” alone can’t account for the torrential rainfall in Texas. The runoff was made even more violent by record drought conditions that parched the Hill Country’s thin topsoil. In short, we can’t wait to move on climate change. The dangers aren’t confined to some abstract, distant future. If we’re going to protect our loved ones, we need to act today.

OKRs in the News

🚗 1.0 – Electrify Transportation

  • Quicklime at Sea: Prototypes of a new invention by London-based startup Seabound have shown it’s possible to capture at least 78 percent of the carbon and 90 percent of the sulfur released from the exhausts of cargo ships. The carbon and sulfur are funneled into a container and absorbed by thousands of cherry-sized quicklime pellets, triggering a chemical reaction that produces limestone (The Guardian).

  • Electra-fying the Skies: A new hybrid-electric plane that can take flight from ultra-short runways may be deployed by 2029. To generate greater lift, the plane’s propellers blow air over the wings. Where typical small planes need 1,500 feet to get airborne, Aerospace startup Electra’s can lift off after just 150 feet of roll. The company is seeking to revolutionize aviation with planes that can take off and land on runways no longer than soccer fields (The Wall Street Journal).

💡Local progress spotlight!

Virginia has taken a bold step toward a cleaner, safer future—at least for takeout foods. As of July 1, the Commonwealth has banned Styrofoam food containers for large food vendors, with smaller businesses covered in 2026. Twelve states have now enacted polystyrene legislation, a big advance in the fight.


The Virginia law targets cups, plates, and takeout clamshells that can take up to 500 years to decompose. Less than 1 percent are recycled. Too often they end up in our waterways, harming wildlife and contributing to long-term pollution. The foam bans reflect a broader trend to encourage companies to align with a cleaner, greener future.

🐄 3.0 – Fix Food

  • Banned from the BBQ: Texas has enacted a two-year ban on the sale of lab-grown meat, citing the need to protect the state’s cattle industry and to conduct further research into cell-cultured protein. Although lab-grown meat has gained support in recent years as a more sustainable alternative to real meat, the Texas law—set to take effect in September—favors meat “raised with natural and traditional methods” (Dallas Express).

  • Methane Moo-ve: New Zealand scientists discovered that adding polyferric sulfate to cow waste ponds cuts methane emissions by over 90 percent, offering a low-cost, scalable solution for small farms without access to expensive digesters. Now rolling out across 250 dairy farms, the treatment could make a big dent in agriculture’s 53 percent of the country’s overall emissions (Bloomberg).

🌳 4.0 – Protect Nature

  • Logging Off Protection: The Trump administration is moving to eliminate protections on 58 million acres of national forests and to open them to road building, logging, and development. The rollback threatens pristine ecosystems, clean water, and carbon-storing old-growth forests like Alaska’s Tongass (New York Times).

  • Warming Past the Point: A new report warns that by early 2028, global carbon emissions could lock in 1.5°C of long-term warming, increasing the likelihood of dangerous climate consequences. Scientists warn that extreme weather and climate risks will continue to intensify unless governments act urgently to cut emissions and protect vulnerable communities (Associated Press).

🧱 5.0 – Clean Up Industry

  • Watts in a Prompt?: Every AI query comes at an energy cost. Generating two six-second videos can burn as much electricity as cooking a steak on an electric grill, and large-scale AI projects can rack up the equivalent of thousands of kilowatt-hours of power, according to the U.S. Energy Department and Lawrence Berkeley National Lab. With U.S. data centers on track to consume 12 percent of the nation’s electricity by 2028, experts are urging tech companies to boost efficiency, transparency, and use of clean energy (Wall Street Journal).

  • Fast-Tracked and Mineral-Packed: The U.S. Department of the Interior is streamlining the development of offshore critical minerals, essential components of clean energy production. But the new policies—aimed at reducing permitting delays, extending leases, and accelerating environmental reviews—could have harmful consequences for protected areas, especially with an expedited review process (U.S. Department of Interior).

🧹 6.0 – Remove Carbon

  • Subsidy Standoff: Despite a fierce push by Texas oil billionaire Bud Brigham and fossil fuel advocate Alex Epstein to kill carbon capture incentives, Congress ultimately preserved the federal tax credit in President Trump’s “One Big Beautiful Bill.” The fight exposed a deepening rift in the oil industry, as giants like Occidental and Continental lean into carbon removal to meet their emissions targets while smaller producers reject it as a threat to drilling and free markets (Wall Street Journal and Reuters).

  • Rooted in Removal: Microsoft has signed a 10-year deal with Anew Climate and Aurora Sustainable Lands for 4.8 million nature-based carbon removal credits, the largest working forest carbon project in the eastern U.S. in two decades. The credits will come from improved forest management across five states. In line with a new forestry protocol, they’ll be monitored with satellite imagery, drones, and machine learning (Anew Climate, Aurora Sustainable Lands, and Microsoft).

OKR Highlight

On July 4, President Trump signed the “One Big Beautiful Bill” (OBBB).  The final version of the legislation, as passed by the House, escalates actions against clean energy, including an accelerated phase out of tax credits for solar and wind projects and the early termination of residential and EV credits.  A further setback came with Trump’s July 7 Executive Order, which tightens enforcement of the OBBB. With energy demand surging in the U.S. and costs to consumers expected to rise, clean energy industry and climate groups continue to advocate for more consistent policies to foster sustained growth in renewables. A detailed breakdown of the bill’s energy tax credit changes can be found here. Rest assured that we’ll be monitoring the OBBB’s impact over the next several months.

🏛️ 7.0 – Win Politics And Policy

  • Roadmap for Bipartisan Policies: Nathaniel Keohane, president of the Center for Climate and Energy Solutions, argues that the “One Big Beautiful Bill” offers an avenue for bipartisan climate progress. While the OBBB makes severe cuts to tax credits for EVs and solar and wind, as Keohane notes, it preserves credits for carbon capture, clean hydrogen, and advanced nuclear. Despite climate polarization in Washington, some major decarbonization projects may be able to transcend party lines and survive political headwinds (Washington Post).

  • Permits, Pipelines, Power Plays: As part of a broader push by the Trump administration to accelerate approvals for pipelines, ports, and other fossil fuel infrastructure,  the Department of Energy overhauled its National Environmental Policy Act (NEPA) procedures. The changes eliminate references to climate change and environmental justice, narrow greenhouse gas analysis, and waive NEPA review for natural gas exports and emergency orders (U.S. Department of Energy and E&E News).

  • Toll Tally Triumph: Since the onset of Manhattan’s congestion pricing in January, vehicular traffic has dropped 10 percent. Noise complaints are down 70 percent, and the policy is generating $50 million a month for public transit improvements. While many New Yorkers are surprised by the policy’s success, congestion pricing has long delivered similar results in cities like London (The Economist).

🏃 8.0 – Turn Movements Into Action

  • Double Trouble Forecast: Scientists are sounding the alarm over a “double whammy” of extreme heat and worsening air pollution, two health hazards that amplify one another and disproportionately affect vulnerable groups. Compounding the crisis, the Trump administration is rolling back air quality protections and emissions standards, even as the frequency and severity of heat-driven smog and wildfire smoke are on the rise (New York Times).

  • Rising Seas, Rising Stakes: Sea level rise is threatening to engulf the remote Pacific island nation of Tuvalu. As a result, more than one-third of its population—over 4,000 people—have applied for a new, first-of-its-kind climate visa that offers permanent residency in Australia. With just 280 annual slots available, the visa program is a stark preview of the future of climate migration (BBC).

9.0 – Innovate!

  • Ion the Prize: Inspired by hydrogen fuel-cell technology, Storage Systems’ new solid-state batteries could yield power cells that last 50 percent longer and charge significantly faster than conventional lithium-ion batteries. If successfully scaled, the technology could accelerate climate progress by extending EV range, reducing charging time, and making electrification practical across transportation and heavy industry (The Wall Street Journal).

  • Revived and Running: Redwood Materials, a battery recycling company worth $5 billion, is launching a new business line to sell refurbished batteries. In partnership with Crusoe Energy, Redwood is repurposing nearly 800 EV batteries to connect them to a solar panel system and power the data centers that host Crusoe’s cloud service (Axios).

  • Formula Electrify: Final energy use accounts for 60 percent of global energy-related emissions, making electrification essential to the clean energy transition. Upgrading transportation, industry, and buildings could cut fossil fuel reliance and replace up to 75 percent of energy imports. Yet electrification tends to be overshadowed by the race for solar and wind, even though it represents a much larger market opportunity and has a more direct impact on consumers (Ember Energy).

💰 10.0 – Invest!

  • Credit or No Credit: The “One Big Beautiful Bill” drastically overhauls the clean energy tax credits established by the 2022 Inflation Reduction Act. The major changes include a complete termination of EV tax credits for automakers after 180 days. They also terminate tax credits for solar and wind after 2027 unless the projects deliver at least one gigawatt of energy, are at least partially on federal land, and have already been certified by the Bureau of Land Management. One positive item of note: a new technology-neutral tax credit for low-carbon transportation fuels (Heatmap).

  • Power Playing Catch-up: The biggest bottleneck to AI progress, according to Goldman Sachs’ new AI investment report, is a shortage of energy supply. With data center power demand set to surge over 160 percent by 2030, the bank argues that addressing the shortfall will require a multifaceted energy strategy of natural gas, renewables, nuclear, and behind-the-meter generation (Goldman Sachs).

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