What You Need To Know From The Recent Findings Of 7 Big Climate Reports
Huff PostLOADING ERROR LOADING The world is rapidly accelerating toward climate catastrophe, our financial institutions have their foot on the gas and pinning our hopes on Chinese leadership to desperately wrench the steering wheel away from the guardrail looks increasingly foolish. The Paris Agreement aimed to cap average temperatures at 2 degrees Celsius above pre-industrial levels; a U.N. report last year determined that the pact’s more ambitious goal of 1.5 degrees Celsius of warming would likely cost hundreds of millions of lives and about $54 trillion in today’s dollars. United Nations To keep warming within 1.5 degrees, the world will need to cut emission 7.6% every year from 2020 to 2030, the report published Monday found. Only three big firms ― UBS Asset Management, Allianz and Legal & General ― “strongly and consistently engage with the companies they invest in to align their business models with Paris targets.” The report found $8.2 trillion invested in four top-polluting industries: oil and gas, coal mining, automobiles and electric power. New polling from Pew Research Center found majorities of U.S. adults think the federal government is doing too little to curb climate change.