The path to a decarbonized world exists, but it is currently strewn with regulatory and market obstacles. With an estimated $131 trillion of investment needed to achieve mid-century climate targets, governments and the private sector must come together to ensure that incentives are properly aligned.
COPENHAGEN – There are encouraging signs of progress in the fight against climate change. Thousands of businesses have joined the Race to Zero campaign and countries have enhanced their nationally determined contributions (NDCs) under the 2015 Paris climate agreement. But there is still a significant gap between ambition and meaningful action. As the Climate Action Tracker’s latest research indicates, current national policies put us on a path to 2.9° Celsius of warming, relative to pre-industrial levels, by the end of this century – substantially above the Paris climate agreement’s goal of 1.5°C.
COPENHAGEN – There are encouraging signs of progress in the fight against climate change. Thousands of businesses have joined the Race to Zero campaign and countries have enhanced their nationally determined contributions (NDCs) under the 2015 Paris climate agreement. But there is still a significant gap between ambition and meaningful action. As the Climate Action Tracker’s latest research indicates, current national policies put us on a path to 2.9° Celsius of warming, relative to pre-industrial levels, by the end of this century – substantially above the Paris climate agreement’s goal of 1.5°C.