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Companies Stall Climate Action Despite Earlier Promises

Livemint · 1y ago

Medial

Many large companies are failing to meet their emissions reduction targets due to various factors including higher costs, slow technological advancements, and political pressure. Trust in voluntary carbon markets is low, leading to companies backing off from using carbon credits to offset emissions. Companies such as Rio Tinto, Delta Air Lines, and Shell have struggled to meet their short-term emissions goals and have scaled back their green investment plans. Lack of progress and the complexity of decarbonization are challenges for companies aiming to achieve long-term climate targets.