This gives businesses clarity on where and how to implement net-zero solutions across entire value chains. firms will be best positioned to thrive if they integrate science-based emission reduction targets aligned with limiting global warming to 1.5C into their strategies now. How can companies get ahead of this regulation? U.S. With a Democrat-led congress in place, national goals will be more seamlessly translated into concrete regulations and incentives, and companies will be required to align their strategies accordingly. In the U.S., the Biden-Harris administration is expected to set targets to reach net-zero emissions by 2050, in addition to interim milestones to meet by 2030, as part of the country’s contribution to the Paris Agreement. The EU is committed to more than halving emissions by 2030, for example, and the UK has set 2030 as an end date for sales of new petrol and diesel cars. The effects of climate change are already being experienced in many parts of the world, and climate-related regulations are already being implemented. The global trend toward net-zero is inevitable. climate leadership: Climate regulation is on the way. Here are seven implications for business leaders in this new era of U.S. For both U.S. business, and any business operating in the U.S., the message is very clear: To survive and thrive in the net-zero future, now is the time to scale up climate action. With the U.S.’s renewed commitment to climate action, over 70% of the global economy has now set, or is intending to set, targets to reach net-zero emissions. Growing evidence shows that investment in “green” industries like electric vehicles and renewables will be a better way to boost GDP as we emerge from the Covid-19 crisis.

Executive orders recently signed by President Biden put the environment squarely at the heart of U.S. federal policy, and for good reason. The future competitiveness of the U.S. economy is at stake, and climate action is an effective way to boost jobs, prevent future systemic shocks, and secure a prosperous future.

Agenda takenote 2021