An Action Plan for Solving Our Climate Crisis Now

Electrify Transportation

Reduce 8 gigatons of transportation emissions to 2 gigatons by 2050.

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

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

Electrify all new buses by 2025.

Updated April 2024

Insufficient Progress

43% of new bus purchases were electric in 2023

Source: BloombergNEF, 2023

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

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

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

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

Decarbonize the Grid

Reduce 24 gigatons of global electricity and heating emissions to 3 gigatons by 2050.

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

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

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

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.

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

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

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

Reduce 9 gigatons of agricultural emissions to 2 gigatons by 2050.

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

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

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

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

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

Go from 6 gigatons of emissions to -1 gigatons by 2050.

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

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

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

Updated April 2024

Failing

16% of global lands are protected

Source: Protected Planet, 2024

Clean Up Industry

Reduce 12 gigatons of industrial emissions to 4 gigatons by 2050.

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

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

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

Remove 10 gigatons of carbon dioxide per year from the atmosphere.

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

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

Win Politics and Policy

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

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

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

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

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

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

Turn Movements into Action

The climate crisis becomes a top-three issue.

Updated April 2024

Failing

Climate’s rank as top issue: seventh globally

Source: Ipsos, 2023

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

Updated April 2024

Limited Data

Limited Data

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

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

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

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

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

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

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

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

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

Financial Incentives

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

Updated April 2024

Limited Data

Limited Data

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

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

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

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

← Objective 9.0

9.3 Green Hydrogen

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

2023

cost to produce hydrogen fuel from zero-emissions sources

$2-12 per kg

no production at scale

2030

$2

per kilogram of green H2 fuel

2040

$1

per kilogram of green H2 fuel

How Is KR 9.3 Tracking?

Green hydrogen is a zero-emissions fuel made from water with solar or wind power. Though it has yet to be produced at scale, it holds tremendous promise for decarbonizing energy-intensive industries.

Innovations are needed to make hydrogen competitive with fossil fuels in industries that need extreme heat: steel, cement, and chemicals.

Our Green Hydrogen KR speeds us toward broad adoption. Hitting the interim target of $2 per kilogram demands more clean energy along with greater efficiency in the conversion process.

Failing

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

Source: BloombergNEF, 2023

News for Green Hydrogen

Article September 13, 2024

Why Almost Nobody Is Buying Green Hydrogen

9.3

→

News June 25, 2024

Green hydrogen breakthrough swaps in water for iridium

9.3

→

June 3, 2024

Company develops tree-mimicking technology to produce clean-burning hydrogen fuel: ‘We kept getting these good results’

9.3

→

Article The New York Times

Hydrogen Offers Germany a Chance to Take a Lead in Green Energy

9.0

→

Article Offshore Energy

1st U.S. hydrogen-powered ferry arrives in San Francisco

1.0

Electrify Transportation

→

News Forbes

Renewable Energy Is Growing Quickly Worldwide – Here Are The Industry Trends Investors Pay Attention To

2.2

Project Financing

→

See More

Explore more Key Results

9.1

→ 9.2

→ 9.3

→ 9.4

→ 9.5

Carbon-Neutral Fuels

→

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