LONDON, June 12 (Reuters) – Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a new stocktake of net-zero efforts in the public and private sector.

FILE – Water pipes leading to the cooling system of Pacific Gas & Electrics Colusa Generating Station near Maxwell, Calif., on Nov. 15, 2011. The utility on Wednesday, June 8, 2022, outlined a plan to achieve climate goals including net-zero emissions by 2040. The report says natural gas plants like the Colusa generating station are likely to remain online but produce 40% less emissions by 2030 compared to 2015 levels.

The Intergovernmental Panel on Climate Change (IPCC) says wind and solar energy are essential to achieve the bulk of rapid reductions in global greenhouse gas emissions – while also delivering some of the cheapest new supplies of energy.

The Grain Growers of Canada (GGC) have announced the creation of a climate solutions initiative to help meet Canada’s ambitious goal of net-zero emissions by 2050.

The Commons Environment, Food and Rural Affairs Select Committee urged ministers to speed-up planting millions of trees to bolster the battle against global warming.

Audi is considering investments in clean energy for sites in China where the luxury car-maker is struggling to source enough power from renewable sources to churn out hundreds of thousands of vehicles each year.