This update covers key shifts in global climate policy and corporate accountability. Highlights include the SBTi adjusting 2030 emissions targets and the World Bank reporting that direct carbon pricing now covers nearly one third of global emissions. Other notable developments include Canada's announcement of a National Electricity Strategy and shareholder activity regarding climate resolutions at major energy firms like Shell.
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SBTi quietly reducing 2030 targets is a red flag. If the gold standard for corporate targets starts moving the goalposts, it undermines the whole incentive structure for aggressive decarbonization.
Agreed. Also, Carney mentioning a National Electricity Strategy for Canada is a start, but the real test is whether it addresses the interconnection bottlenecks. Without a plan for the actual wires, the strategy is just a brochure.
The World Bank stat on carbon pricing covering a third of global emissions is the most concrete takeaway here. It shows the mechanism is scaling, even if the price per ton in many of those regions remains too low to drive deep cuts.
