Raising the bar: What determines the ambition level of corporate climate targets?
Clara Privato,
Matthew Phillip Johnson,
Timo Busch
Abstract:Since the launch of the Science Based Targets initiative (SBTi), we have witnessed a steady increase in the number of companies committing to climate targets for large-scale reduction of greenhouse gas (GHG) emissions. While recent studies present various methodologies for establishing climate targets (e.g., sectoral decarbonization approach, near-term, long-term, net zero), we still don’t understand the explanatory factors that determine how ambitious companies are in target setting. In this paper, a two-stag… Show more
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