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 price parity between EVs and gas-powered vehicles in the U.S. by 2024, in India and China by 2030.

Updated April 2024
Insufficient Progress

$54,288 (average EV) vs. $47,209 (average full-size car) in the U.S.

Source: Kelley Blue Book, 2023

1.2
Cars
→

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

Updated April 2024
On Track

EV share of car sales was 17.7% in 2023

(BEVs and PHEVs)

Source: BloombergNEF, 2024

1.3
Buses
→

Electrify all new buses by 2025.

Updated April 2024
Insufficient Progress

43% 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 2024
Failing

Electric share of global truck sales was 2% 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 April 2024
Insufficient Progress

EV global share of miles driven across road vehicles in 2022: 10.4%

(BEVs, FCVs, and PHEVs)

Source: BloombergNEF, 2023

1.6
Planes ↓ 0.3 Gt
→

Increase low-carbon fuel (SAF) to 20% of all aviation fuel by 2025; zero-emissions fuel to 40% by 2040.

Updated April 2024
Failing

0.4% of fuel use is low carbon (SAF)

Source: BloombergNEF, 2024

1.7
Maritime ↓ 0.6 Gt
→

Shift all new construction to “zero-ready” ships by 2030; zero out emissions for the shipping industry by 2050.

Updated April 2024
Failing

Zero percent of new ships are carbon-neutral

Source: Global Martime Forum, 2023

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 2025, 90% by 2035.

Updated April 2024
Insufficient Progress

39% of electricity came from emissions free sources in 2022

Source: Energy Institute, 2023

2.2
Solar & Wind
→

Make solar and wind cheaper than fossil fuels in all countries by 2025.

Updated June 2024
On Track

59% of the world’s population lives in nations where renewable sources are cheaper than fossil fuels

Source: BloombergNEF, 2024

2.3
Storage
→

Electricity storage drops below $50 per kWh for short duration (4–24 hours) by 2025, $10 per kWh for long duration (14–30 days) by 2030.

Updated April 2024
Failing

Short-term storage: $263/kWh

Long-term storage: New technologies needed

Source: BloombergNEF, 2023

2.4
Coal & Gas
→

Eliminate new coal and gas plants from 2024 on; retire or zero out emissions in existing plants by 2025 for coal and by 2035 for gas.*

Updated April 2024
Code Red

Now in operation globally: 6,580 coal-fired plants and 9,278 gas and oil plants

Source: Global Energy Monitor, 2024

As of 2023, separate figures for oil and gas plants are not available.

 

2.5
Methane Emissions ↓ 3 Gt
→

Reduce flaring and eliminate leaks and venting from coal, oil, and gas sites by 2025.

Updated April 2024
Code Red

Methane emissions from the energy sector were 3 gigatons in 2023

Source: International Energy Agency, 2023

2.6
Heating & Cooking ↓ 1.5 Gt
→

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

Updated April 2024
Failing

In 2021, building heating generated 2.5 Gt of emissions and over 7 billion people used fossil fuels for cooking

Source: International Energy Agency and World Health Organization, 2023

2.7
Cleaner Economy
→

Triple the ratio of GDP to fossil fuel consumption.

Updated April 2024
Failing

Global average: $241 of GDP per Exajoule of Fossil Fuel Consumption

Source: Statistical Review of World Energy and World Bank, 2022 and 2023

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 May 2024
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 2024
Failing

The world uses 65.5 kilograms per hectare of nitrogen-based fertilizers

Source: Food and Agriculture Organization and Our World in Data, 2023

3.3
Cows ↓ 3 Gt
→

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

Updated April 2024
Code Red

3.3 gigatons of emissions from beef and dairy in 2021

Source: Food and Agriculture Organization, 2023

3.4
Rice ↓ 0.5 Gt
→

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

Updated April 2024
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 2024
Failing

38% of food in the US is wasted

Source: ReFed, 2022

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 April 2024
Code Red

17.6 million hectares of permanent tree cover loss

Source: Global Forest Watch, 2022

4.2
Oceans ↓ 1 Gt
→

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

Updated April 2024
Failing

8.2% of coastal oceans are protected

Source: Protected Planet, 2024

4.3
Lands
→

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

Updated April 2024
Failing

16% of global 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 2024
Code Red

1.9 metric tons of CO2 per metric ton of crude steel cast

Source: WorldSteel, 2023

5.2
Cement ↓ 2 Gt
→

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

Updated April 2024
Code Red

0.6 metric tons of CO2 per metric ton of cement produced

Source: International Energy Agency, 2023

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 2024
Code Red

5 gigatons emitted from other industries

Source: Climate TRACE, 2024

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

Remove at least 3 gigatons per year by 2030 and 5 gigatons by 2040.

Updated April 2024
Code Red

0.02 gigatons of nature-based carbon removal being tracked

Source: Climate Focus, 2024

6.2
Engineered Removal ↓ 5 Gt
→

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

Updated April 2024
Code Red

Currently, 0.0002 gigatons are being removed annually

Source: CDR.fyi, 2024

7.0
Win Politics and Policy
→
7.1
Net Zero Pledges
→

Each country commits to reach net zero by 2050.*

Updated April 2024
Insufficient Progress

China: net zero by 2060

U.S.: net zero by 2050

EU: net zero by 2050

India: net zero by 2070

Russia: net zero by 2060

Source: United Nations Climate Change, 2023

7.2
Action Plans
→

Each country is on track to cut emissions in half by 2030.

Updated April 2024
Code Red

2030 trajectory:

China: 4°C

US: 3°C

EU: 2°C

India: 4°C

Russia: 4°C

 

Source: Climate Action Tracker, 2023

7.3
Carbon Price
→

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

Updated April 2024
Insufficient Progress

Global average price: $33 per ton

23% of global emissions are covered by a carbon pricing mechanism

 

Source: World Bank Carbon Pricing Dashboard, 2023

7.4
Subsidies
→

Direct subsidies to fossil fuel companies are eliminated.

Updated April 2024
Code Red

$1.3 trillion in explicit fossil fuel subsidies globally

Source: International Monetary Fund, 2023

7.5
Methane
→

Control flaring, prohibit venting, and mandate prompt capping of methane leaks.

Updated April 2024
Code Red

Countries representing 50% of global methane emissions have signed the global methane pledge

Source: Global Methane Pledge, 2024

7.6
Refrigerants
→

Countries commit to phasing out hydrofluorocarbons (HFCs).

Updated April 2024
On Track

All five major emitters have ratified the Kigali amendment

Source: United Nations Ozone Secretariat, 2024

8.0
Turn Movements into Action
→
8.1
Voters
→

The climate crisis becomes a top-three issue.

Updated April 2024
Failing

Climate’s rank as top issue: seventh globally

Source: Ipsos, 2023

 

8.2
Government
→

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

Updated April 2024
Limited Data

Limited Data

8.3
Business
→

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

Updated April 2024
Failing

9.2% of Fortune Global 500 Companies have a net zero commitment

Source: Speed & Scale, 2024

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

8.4
Education Equity
→

The world achieves universal primary and secondary education by 2040.

Updated April 2024
Failing

77% of students complete lower secondary school

Source: World Bank, 2023

8.5
Health Equity
→

The world eliminates gaps in pollution-linked mortality rates among racial and socioeconomic groups by 2040.

Updated April 2024
Failing

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

Source: Air Quality Life Index (AQLI), 2023

8.6
Economic Equity
→

The global clean energy transition creates 65 million fairly distributed new jobs by 2040, outpacing the loss of fossil fuel jobs.

Updated April 2024
Insufficient Progress

13.7 million people employed directly and indirectly

Source: International Renewable Energy Agency, 2023

9.0
Innovate!
→
9.1
Batteries
→

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

Updated April 2024
On Track

Production: 2,592 per GWh

Price: $139 per kWh 

Source: BloombergNEF, 2023

9.2
Electricity
→

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

Updated April 2024
On Track

$0.03 per kWh for utility-scale onshore wind

$0.05 per kWh for utility-scale solar PV

Source: International Renewable Energy Agency, 2023

9.3
Green Hydrogen
→

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

Updated April 2024
Failing

$2-$12 per kg, not currently produced at scale

Source: BloombergNEF, 2023

9.4
Carbon Removal
→

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

Updated April 2024
Code Red

Average of $715 per ton of carbon removed, not at scale

Source: CDR.fyi, 2024

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 2024
Failing

Jet Fuel: $2.94 (Traditional) vs. $7.35 (Sustainable)

Vehicle Fuel: $4.02 (Diesel) vs. $4.76 (Biodiesel)

Source: International Air Transport Association, BloombergNEF, and Alternative Fuels Data Center, 2023

Diesel and Biodiesel are U.S. prices

10.0
Invest!
→
10.1
Financial Incentives
→

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

Updated April 2024
Limited Data

Limited Data

10.2
Government R&D
→

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

Updated April 2024
Insufficient Progress

Low carbon R&D globally: $23 billion

Source: International Energy Agency, 2023

10.3
Venture Capital
→

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

Updated April 2024
Achieved

$51 billion invested in climate tech startups

Source: BloombergNEF, 2024

10.4
Project Financing
→

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

Updated April 2024
On Track

Clean energy financing is at an all-time high, hitting $743 billion

Source: BloombergNEF, 2024

10.5
Philanthropy
→

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

Updated April 2024
Insufficient Progress

Less than 2% (between $8 billion and $13 billion) of philanthropic giving is dedicated to climate change mitigation

Source: ClimateWorks Foundation, 2023

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An Action Plan for Solving Our Climate Crisis Now
1.0
Electrify Transportation
→
2.0
Decarbonize the Grid
→
3.0
Fix Food
→
4.0
Protect Nature
→
5.0
Clean Up Industry
→
6.0
Remove Carbon
→
7.0
Win Politics and Policy
→
8.0
Turn Movements into Action
→
9.0
Innovate!
→
10.0
Invest!
→
← Objective 2.0

2.7 Cleaner Economy

Triple the ratio of GDP to fossil fuel consumption.

2022
global average
$241
of GDP per Exajoule of Fossil Fuel Consumption
2035
global average
$639
of GDP per Exajoule of Fossil Fuel Consumption

How is KR 2.7 Tracking?

We’re already reaping the benefits of investments in energy-efficient home insulation, sealed windows, and more efficient light bulbs and appliances. But cleantech gives us an opportunity to go further–to make a leap in efficiency by cutting wasted energy.

On average, each country must at minimum triple its efficiency, as measured by the ratio of gross domestic product to fossil fuel consumption.

Enhanced efficiency is also essential to meet overall global demand for electricity.

Failing

Global average: $241 of GDP per Exajoule of Fossil Fuel Consumption

Source: Statistical Review of World Energy and World Bank, 2022 and 2023

News for Cleaner Economy
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Explore more Key Results

2.1
Zero Emissions ↓ 16.5 Gt
→ 2.2
Solar & Wind
→ 2.3
Storage
→ 2.4
Coal & Gas
→ 2.5
Methane Emissions ↓ 3 Gt
→ 2.6
Heating & Cooking ↓ 1.5 Gt
→ 2.7
Cleaner Economy
→

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