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Oxfam, a poverty alleviation organization, found that the investments of 125 of the world’s richest individuals have a carbon footprint equivalent to the emissions of France.

While more than 34% of the world’s largest companies are now committed to net zero goals, 93% will fail to meet their targets, if they don’t at least double the rate of emissions reduction by 2030, according to a new report from Accenture.

Using cheap carbon offsets to meet net zero targets could curb companies’ efforts to cut emissions and slow the delivery of climate goals, Britain’s climate change advisers said on Thursday.

To reach net-zero emissions by 2050 and limit global warming to 1.5C temperature, investment in renewable energy sources needs to exceed finance flows to fossil fuels by a factor of four over the next decade, according to a report published by BloombergNE

Decarbonizing the iron and steel industry requires $1.4 trillion of investment, of which $250 billion is for carbon credits, according to Wood Mackenzie’s latest report, Pedal to the Metal: Iron and steel’s $1.4 trillion shot at decarbonization.

According to a new study, only 33 major shipping firms have a publicly stated goal of achieving net zero by 2050 or have committed to IMO targets of 50% absolute reduction in 2050 compared to 2008, which accounts for 35% of the world’s 94 largest shipping