Testing the ambition loop: do country- and company-level net-zero targets reinforce each other? A global comparison
Eskander, S.
, Higham, C., Hamley, M., Setzer, J. & Fankhauser, S.
(2024).
Testing the ambition loop: do country- and company-level net-zero targets reinforce each other? A global comparison.
Journal of Comparative Policy Analysis: Research and Practice,
26(3-4), 266 - 282.
https://doi.org/10.1080/13876988.2024.2317949
, Higham, C., Hamley, M., Setzer, J. & Fankhauser, S.
(2024).
Testing the ambition loop: do country- and company-level net-zero targets reinforce each other? A global comparison.
Journal of Comparative Policy Analysis: Research and Practice,
26(3-4), 266 - 282.
https://doi.org/10.1080/13876988.2024.2317949
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.
