Despite net zero targets, one-third of companies expect to still rely on fossil fuels in 2050
Lack of infrastructure and raw materials alternatives are hindering the transition.
More than 30% of the world’s largest polluters believe they will still be reliant on fossil fuels into the 2050s, even as clean technology cost decreases drive unprecedented adoption, according to the latest Corporate Climate Stocktake.
The stocktake, published today by the We Mean Business Coalition, is based on surveys of business leaders in 300 of the world’s largest emitters in the power, transportation, cement, steel, agriculture and hydrogen sectors.
