Oxford Net Zero researchers have contributed several sections and a full chapter to the new UN report The Pivot Point.
Professor Thomas Hale, Kaya Axelsson and Saskia Straub were part of an expert team that lent their expertise to the report, which was coordinated by UNFCCC Climate Champions.
The Pivot Point was co-authored with 40+ expert groups, identifying the types of rules and standards needed to shift from voluntary climate action to standardised and regulated action to enable committed companies to deliver net zero, faster.
Professor Hale, part of Oxford’s Blavatnik School of Government, argues that progress towards climate-positive regulation is already underway. Jurisdictions which together account for nearly half of global GDP (47.9% of 2021 GDP) and global emissions (46.6% of 2019 emissions) already have or are planning for climate- or sustainability-related risk disclosure of some kind. This progress must exponentially accelerate so that we win the ‘race to regulation’ by 2030.
In the third chapter, ‘Governing Net Zero: The Conveyor Belt’, Prof Hale introduces an influential model for global net zero governance, drawing on the Blavatnik School Policy Memo ‘Governing Net Zero: the Conveyor Belt’ (November 2021). In this new phase of climate action, voluntary action continues to have a key role, but as part of a broader and stronger ‘conveyor belt’ system.
Find out more about global progress to net zero.
Other highlights from the report include:
- An overview of the current landscape across the voluntary climate leadership initiatives, emerging standards and regulations.
- A ‘call to action’ for all non-state actors to join the Race to Zero; and further help inform, shape and drive the standards, policies and regulations needed to align with 1.5C.