Testing the ambition loop: do country- and company-level net-zero targets reinforce each other? A global comparison
One theory about company- and country-level climate actions is that they interact with one another through a mutually reinforcing “ambition loop”. Using publicly available data on country- and company-level net-zero targets, our econometric analysis reveals a positive relationship between state and...
| Main Authors: | , , , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Taylor and Francis
2024
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| Summary: | One theory about company- and country-level climate actions is that they interact with one another through a mutually reinforcing “ambition loop”. Using publicly available data on country- and company-level net-zero targets, our econometric analysis reveals a positive relationship between state and company: A country introducing a domestic net-zero target in law increases the likelihood of companies introducing their own voluntary targets and vice-versa. Our findings offer important insights into the mechanisms of climate governance—knowledge that will be critical if we are to meet global net-zero targets by 2050. |
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