Globally, we are at a tipping point when it comes to climate action. There's long been talk about moving toward a zero carbon economy, but it's clear the time to move in that direction is sooner rather than later.
Over the past few years, corporations have committed to emission reductions and to adopt strategies that will drive the broader sustainability transformation — a trend that significantly picked up pace in 2020. However, this widespread effort has not produced the results needed to effectively deter the effects of climate change, as only 28 percent of companies are on track to meet their set goals.
So, what will it take to truly achieve a zero carbon economy? We must first consider the barriers currently holding companies and governments back from creating real change in the present. Outlined below are the three primary challenges to achieving a zero carbon economy and actionable advice for how to overcome them.