Insight
Net-Zero Targets—a Dream or Still a Reality?
Recent energy crises and political resistance have slowed progress toward net-zero emissions. We believe success will depend on global cooperation to balance short-term energy security with long-term decarbonization goals.
Key takeaways
- We are further from a net-zero world than anticipated when goals were set in 2015. Political events like the Ukraine war and the new American agenda have brought recent volatility.
- Europe could miss its short-term 2030 climate emissions target—12 European Union (EU) countries are off course, with Germany and Italy the largest defaulters.
- Meanwhile, in the U.S., the new Trump administration is pushing back on short-term emissions targets largely due to energy-security concerns and economic pressures.
- Despite the headwinds, we believe advancing technology and a global alignment toward decarbonization continue to drive the long-term attractiveness of climate-focused investments.
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Insight
2023 Stewardship Annual ReportRead about Allspring’s stewardship efforts as we aim to advance the financial, operational, and sustainability performance along with the risk management of investee companies for years to come.