The United States still has plenty of work to do on reducing greenhouse gas emissions, but public and private sector financial pressures are now key drivers of change—and an important motivator for US companies to help meet the global goals of net zero emissions by 2050.
Those are just a few of the many compelling insights in KPMG’s groundbreaking new Net Zero Readiness Index 2021 (NZRI), our first-ever, comprehensive, data-rich report that tracks the progress of 32 countries in reducing the greenhouse gas emissions that cause climate change.
Overall, the US—second only to China as the world’s largest producer of greenhouse gases—was decidedly middle-of-the pack in our inaugural NZRI, ranking 14th amid incremental progress, political challenges, and regulatory complications due to disparate enforcement commitments at federal, state and local levels.
The top six performers, with Norway at No. 1, were all in Europe, and generally benefitted from early engagement on climate change issues. The 32 countries in the index collectively represent about three-quarters of all global emissions. Our index breaks out detailed rankings for the top 25 performers, as well as seven more countries that have significant opportunities for progress. Download the full report here.