Transition Pathway Initiative: Credible climate transition plans still ‘very rare’
Most firms plan to “postpone deep emissions cuts until the 2040s”.
Detailed and actionable climate transition plans aligning business practices, capital expenditure and decarbonisation goals are still “very rare” among the world’s 1,000 largest emitters, according to new research by the Transition Pathway Initiative (TPI).
TPI Centre, which is part of the London School of Economics’ Grantham Research Institute on Climate Change and the Environment, analysed the climate targets and transition plans of more than 1,000 of the world’s highest-emitting companies, which are collectively worth around US$39 trillion.
