This report offers a comprehensive stocktake of market transformation efforts, mapping the breadth of initiatives driving change across the value chain and highlighting where leadership is unlocking impact. The stocktake surfaces real-world examples, technical gaps, and strategic opportunities for deeper alignment between business and government—showing how collective actions strengthen the “ambition loop”: a dynamic where industry and policy accelerate each other toward net-zero goals. Dive into actionable insights and time-bound recommendations to guide the next phase of transformation—halving emissions by 2030 and achieving net-zero by 2050.