Only 17% of listed firms have set targets ambitious enough that align emissions with the 1.5 deg C target set in the 2015 Paris Agreement. Read more at straitstimes.com.
SINGAPORE - The world’s listed firms are set to exceed their carbon budget – the amount of carbon dioxide emissions that would limit global temperature rises to 1.5 deg C – by as early as October 2026, new research showed on Monday.
It said only 17 per cent of listed firms have set targets ambitious enough that align emissions with the 1.5 deg C target set in the 2015 Paris Agreement, up 10 percentage points compared to last year. “Public and private companies and investors must act urgently, as this report clearly shows that time is running out and we are not on track to limit global warming to 1.5 degrees,” Mr Vanston said.