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What is the Science-Based Targets initiative (SBTi)?

Sphera

In 2016 the earth’s average temperature was the warmest since recordkeeping began in 1880. The scientific community holds strongly recommends that the average global temperature increase must be limited to increase be limited to 1.5 °C 2°C reduction target, on the way to achieving science-based net zero targets by 2050.

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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

Net Zero 416
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Despite the Headlines, 2021 Was A Year Full of Environmental Victories

Richard Matthews

The letter also seeks a net-zero electricity grid by 2035, a 50 percent target for electric vehicle sales by 2030, and a renewed commitment to international climate finance. The final agreement requests parties to come to COP27 next year in Egypt with updated plans on how to slash greenhouse gas emissions by 2030.