Green Transition Roadmap: Goals, Frameworks & Standards

Activity Yr 2030 Goal Yr 2030 Costs Yr 2050 Goal Yr 2050 Costs Benefits Standards Used Reporting Frameworks & Initiatives
Reduce Carbon Emissions 50% reduction from 2020 levels $1 trillion annually Net-zero emissions $2 trillion annually Mitigated climate change impacts, improved air quality ISO 14064, SBTi SDG 13, GRI 305, SASB, TCFD, ISSB
Renewable Energy Adoption 50% of electricity from renewables $300 billion yearly 100% of electricity from renewables $600 billion yearly Energy independence, reduced reliance on fossil fuels, green jobs ISO 50001, IEC 62257 SDG 7, GRI 302, SASB, SBTi
Energy Efficiency 30% improvement in building efficiency $200 billion yearly 50% improvement in building efficiency $400 billion yearly Reduced energy consumption, conservation of resources LEED, ISO 50001 SDG 11, GRI 302, SASB, ISSB
Electric Vehicles (EVs) 40% of new vehicle sales are EVs $150 billion yearly 100% of new vehicle sales are EVs $300 billion yearly Lower greenhouse gas emissions, reduced air pollution ISO 14040, ISO 15118 SDG 9, GRI 305, SASB, SBTi
Public Transport Increase public transport usage by 50% $100 billion yearly Double public transport usage $200 billion yearly Reduced traffic congestion, improved air quality ISO 37120, ISO 14001 SDG 11, GRI 203, SASB
Industry & Enterprises 25% reduction in industrial emissions $100 billion yearly 50% reduction in industrial emissions $200 billion yearly Resource conservation, improved environmental performance ISO 14064, ISO 50001 SDG 9, SDG 12, GRI 305, SASB, SBTi, ISSB
Sustainable Agriculture 50% of farms using sustainable practices $50 billion yearly 100% of farms using sustainable practices $100 billion yearly Increased food security, improved soil health, reduced water pollution GlobalGAP, ISO 14001 SDG 2, SDG 12, GRI 304, SASB
Reforestation & Afforestation Reforest 10 million hectares $50 billion yearly Reforest 50 million hectares $100 billion yearly Increased carbon sequestration, improved biodiversity, reduced soil erosion FSC, PEFC SDG 15, GRI 304
Waste Management 50% reduction in waste to landfill $50 billion yearly Zero waste to landfill $100 billion yearly Reduced environmental pollution, conservation of resources ISO 14001, ISO 14040 SDG 12, GRI 306, SASB, ISSB
Carbon Pricing Implement carbon pricing in 80% of countries Significant government investment Global carbon pricing implementation Significant government investment Creates a financial incentive for reducing emissions ISO 14067, ETS SDG 13, GRI 305, SBTi, ISSB
Sustainable Finance Allocate $1 trillion yearly $1 trillion yearly Allocate $2 trillion yearly $2 trillion yearly Mobilizes capital for sustainable projects, promotes responsible investments Green Bond Principles, Climate Bonds Standard SDG 8, GRI 201, SASB, ISSB, ESG

Taxonomies and Definitions

 

  • ESG (Environmental, Social, Governance): A set of criteria for evaluating a company’s operations and impact on the environment and society.
  • SDG (Sustainable Development Goals): 17 goals established by the United Nations to achieve a better and more sustainable future.
  • GRI (Global Reporting Initiative): An international standards organization that helps businesses and governments understand and communicate their impacts.
  • SASB (Sustainability Accounting Standards Board): Standards that guide the disclosure of material sustainability information to investors.
  • ISSB (International Sustainability Standards Board): Develops global standards for sustainability-related disclosures.
  • SBTi (Science-Based Targets initiative): Enables companies to set greenhouse gas reduction targets that are in line with the latest climate science.
  • ISO Standards: International standards for various aspects of sustainability and energy management (e.g., ISO 14001 for environmental management, ISO 50001 for energy management).