57 Entities Account for 80% of Global CO2 Emissions Since 2016

New report challenges progress toward Paris agreement goals, highlighting the need for stricter decarbonization efforts.

A new report reveals that just 57 companies and nation states are responsible for 80% of the world's CO2 emissions from fossil fuels and cement since 2016, challenging progress toward the Paris agreement goals.
The report, based on the Carbon Majors database, highlights the need for more stringent decarbonization efforts to meet the Paris agreement's target of keeping global warming well below 2°C.
Most of the emission growth is attributed to a small number of large companies, with state and state-owned companies contributing significantly, especially in the coal sector.
Increased transparency and accountability for emissions are expected in the coming years due to new climate-related disclosure standards released by the International Financial Reporting Standards Foundation.
Despite some companies setting net-zero emissions targets, the overall trend shows increased fossil fuel production, raising concerns about the feasibility of achieving the Paris goals.