- The transportation sector lags other economic sectors in setting science-based targets for carbon emissions reduction according to new data from the Science-Based Targets Initiative (SBTi) released Wednesday at the COP 25 United Nations Climate Change Conference in Spain. Transportation companies fall short of the "critical mass" (defined as 20% of firms in a given industry) that could bring about widespread adoption of such efforts, according to SBTi.
- Within major freight modes, maritime transport is the closest to reaching critical mass at just above 10% adoption. Rail and logistics are below 10% adoption. Heavy-duty road transport has made no progress.
- SBTi's report calls out Toyota and A.P. Moeller-Maersk, which have committed to the initiative but not yet set targets, and Daimler and Nippon Yusen Kaisha Line, which have set targets, as high-impact companies in the transportation sector committed to the initiative.