How Is KR 7.2 Tracking?
Without a concrete action plan to cut emissions, a country’s net zero pledge has limited credibility. Our Action Plans KR, in line with guidance from the United Nations, requires each country to act to cut their greenhouse gas emissions in half by 2030.
Among the five largest emitters, the European Union has been closest to getting on track for net zero by 2050. (Early 2024 data, however, shows it regressing.) With a boost in clean energy deployment from the Inflation Reduction Act, the U. S. is also close. But China, India, and Russia are classed as Code Red.
With coal demand booming, top emitter China has declared that it will not even begin to cut emissions before 2030. Russia shows no signs of curbing its huge production of oil and gas. And given India’s breakneck economic growth, the world’s most populous country is fast approaching a decision point: Will they build out fossil fuel infrastructure or leapfrog into the green technologies of the future?