Corporate Climate Responsibility Monitor 2023

Context:  Corporate climate efforts fall short; 24 major companies will be able to reduce only 36% emissions. Only five of 24 companies hit the 90% emission reduction projection by their respective target years.

About the Corporate Climate Responsibility Monitor 2023:

• Published by Germany-based think-tank New Climate Institute (NCI),

• Objective: To assess the climate strategies of these industry-leading companies, critically analyzing the extent to which they are meeting their climate goals.
• Findings: The combined Net Zero pledges of 24 major global companies will reduce their total greenhouse-gas emissions by 36 per cent by their respective target years, typically 2040 or 2050, compared with the reduction of at least 90 per cent that is needed.
• Climate pledges for 2030 fall well short of the economy-wide emission reductions required to stay below the 1.5°C temperature limit.

Source:DTE

Previous Year Questions

Q.1) Consider the following statements:

1. The Climate Group is an international non-profit organisation that drives climate action by building large networks and runs them.
2. The International Energy Agency in partnership with the Climate Group launched a global initiative “EP100”.
3. EP100 brings together leading companies committed to driving innovation in energy efficiency and increasing competitiveness while delivering on emission reduction goals.
4. Some Indian companies are members of EP100.
5. The International Energy Agency is the Secretariat to the “Under2 Coalition”.

Which of the statements given above are correct? (2022)

1. 1,2, 4 and 5
2. 1,3 and 4 only
3. 2,3 and 5 only
4. 1,2, 3, 4 and 5

Q.2) Statement 1: The United Nations Capital Development Fund (UNCDF) and the Arbor Day Foundation have recently recognized Hyderabad as 2020 Tree City of the World

Statement 2: Hyderabad was selected for recognition for a year following its commitment to grow and maintain the Urban forests.

Which one of the following is correct in respect of the above statements? (2021)

1. Both Statement 1 and Statement 2 are correct and Statement 2 is the correct explanation for Statement 1
2. Both Statement 1 and Statement 2 are correct but Statement 2 is not the correct explanation for Statement 1.
3. Statement 1 is correct but Statement 2 is not correct.
4. Statement 1 is not correct but Statement 2 is correct.