EU, Global Study Reveal Gaps in 2040 Emissions Targets, Climate Equity

Efforts to address climate change globally are advancing through various innovative approaches and policy discussions. In the EU, member states are calling for more time to prepare impact studies and discuss ambitious but realistic climate targets for 2040, emphasizing the need to balance environmental goals with industrial competitiveness. Meanwhile, companies worldwide are improving sustainability accountability using technology, exemplified by RecycleSoft’s blockchain-based system that provides real-time, verifiable carbon footprint data to enhance corporate climate reporting. In Nigeria, the Society for Planet and Prosperity has set a new standard for climate accountability by voluntarily disclosing its greenhouse gas emissions and committing to significant reductions, highlighting the role of enforcement in climate policy. Australia introduced new voluntary guidelines to accelerate sustainable finance investments targeting emissions reduction in key sectors like agriculture and mining. Finally, a groundbreaking study by Dekker et al. has developed a comprehensive public database and advanced computational tools to more transparently and fairly allocate national emissions targets, aiding global mitigation strategies and climate finance planning.