Testing the ambition loop: do country- and company-level net-zero targets reinforce each other? A global comparison

Eskander, Shaikh ORCID: 0000-0002-3325-5486, Higham, Catherine ORCID: 0009-0005-0938-0067, Hamley, Maggie, Setzer, Joana ORCID: 0000-0002-7705-7684 and Fankhauser, Samuel ORCID: 0000-0003-2100-7888 (2024) Testing the ambition loop: do country- and company-level net-zero targets reinforce each other? A global comparison. Journal of Comparative Policy Analysis: Research and Practice, 26 (3-4). 266 - 282. ISSN 1387-6988

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Abstract

One theory about company- and country-level climate actions is that they interact with one another through a mutually reinforcing “ambition loop”. Using publicly available data on country- and company-level net-zero targets, our econometric analysis reveals a positive relationship between state and company: a country introducing a domestic net-zero target in law increases the likelihood of companies introducing their own voluntary targets and vice-versa. Our findings offer important insights into the mechanisms of climate governance – knowledge that will be critical if we are to meet global net-zero targets by 2050.

Item Type:	Article
Official URL:	https://www.tandfonline.com/journals/fcpa20
Additional Information:	© 2024 The Editor, Journal of Comparative Policy Analysis: Research and Practice.
Divisions:	Geography & Environment Grantham Research Institute
Subjects:	G Geography. Anthropology. Recreation > GE Environmental Sciences K Law H Social Sciences > HB Economic Theory
JEL classification:	Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate; Natural Disasters Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q58 - Government Policy P - Economic Systems > P0 - General > P00 - General K - Law and Economics > K3 - Other Substantive Areas of Law > K32 - Environmental, Health, and Safety Law H - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents > H32 - Firm
Date Deposited:	08 Mar 2024 11:12
Last Modified:	21 Nov 2024 05:36
URI:	http://eprints.lse.ac.uk/id/eprint/122252

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