Bello
Indications have emerged that no concrete evidence has emerged showing that any country is on the right path to meet the 2030 emissions reduction goals.
Simon Flowers, chairman and chief analyst at Wood Mackenzie, said:“Net zero pledges now cover 88 per cent of annual global emissions. But no major country is on track to meet their 2030 emissions reduction goals, let alone net zero.
Wood Mackenzie has said “no major country is on track to meet their 2030 emissions reduction goals” following a recent report.
The report outlines that only the UK and European Union “come close to meeting the 2030 emissions reduction targets.”
The analyst firm has released its ‘Energy Transition Outlook 2023’ report which states the average annual capital expenditure needed to reach net zero will be $2.7 trillion (£2.16 trillion).
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