Challenges and solutions on the road ahead
World leaders have reached a degree of consensus around a target of seeking to limit global warming to no more than 2°C. However, the world economy and human activity have been emitting more than the global carbon budget required to limit global warming to this level. To get back on track, carbon intensity would need to be reduced at a rate of 3.5% a year to 2020, four times faster than achieved since 2000. The ambition is there, but the targets look very challenging.
What does this mean for companies in the energy, utilities and mining industries?