The Taskforce on Net Zero Policy, supported by the United Nations PRI in a secretariat capacity, published its COP30 report “Policy Matters: From pledges to delivery – A decade after Paris”, positioning it as a practical guide to policies that can underpin a credible net zero transition by companies and financial institutions. The report argues that, despite headwinds, most G20 jurisdictions remain on a net zero reform path but need to move faster and with greater coordination to enable delivery, including where a temporary overshoot of the 1.5°C goal increases the role of carbon removals. The stocktake highlights that targeted net zero regulations in G20 countries have tripled since 2020, with more than 1,000 policy instruments in place, while the centre of gravity for policy ambition is shifting towards Asia Pacific and the Global South amid US rollbacks and European Union recalibration. It also notes that over 60% of global GDP is covered by jurisdictions adopting or progressing towards International Sustainability Standards Board-aligned disclosure standards, nearly 60 sustainable finance taxonomies are in development, and climate litigation has increased by 250% since 2017. Priority policy directions include more integrated frameworks to support corporate and financial transition planning against economy-wide targets, resilience-focused measures that embed adaptation, nature restoration and just transition, clearer rules for high-integrity carbon credit markets, and stronger accountability through mandatory disclosures, third-party verification and governance. The report also flags intensified fossil fuel lobbying and calls for greater transparency around lobbying practices, and points to an estimated USD 1.3 trillion in annual climate finance needed by 2035. For the road to COP31, the Taskforce sets out three priorities: assessing the effectiveness of key policies and tools, deepening cross-jurisdiction learning and interoperability to support cross-border financial flows, and testing coherence between sustainable finance measures and real-economy policies to ensure frameworks drive decarbonisation and resilience.
United Nations PRI 2025-11-11
United Nations PRI-supported Taskforce on Net Zero Policy releases COP30 report urging faster and more coordinated net zero regulation
The Taskforce on Net Zero Policy, supported by the UN PRI, released its COP30 report urging faster, coordinated net zero reforms among G20 jurisdictions. It notes a tripling of net zero regulations since 2020, with increased policy ambition in Asia Pacific and the Global South. The report emphasizes integrated frameworks, clearer carbon credit market rules, stronger accountability, transparency in fossil fuel lobbying, and estimates a need for USD 1.3 trillion in annual climate finance by 2035.