Companies listed on global stock exchanges are failing to keep to their emissions budgets, eroding the time left to avoid catastrophic climate change.
At this rate, listed companies are on track to make the world 2.9°C warmer by the end of the century, significantly missing the Paris Agreement target to stay below 1.5°C. Emissions need to be cut by roughly 50% by 2030 to reach the target. The latest MSCI Net Zero Tracker revealed the findings as the world prepares for the COP27 climate conference, at which countries gather in a bid to prevent a global climate emergency. According to the MCSI data, listed companies will deplete their share of the global emissions budget for limiting temperature rise to 1.5°C by December 2026, two ...
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