G20 economies slow pace of decarbonisation, PwC study shows

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G20 economies slow pace of decarbonisation, PwC study shows
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Decarbonisation rates in the Group of Twenty (G20) economies slumped to their lowest level in two decades last year, consulting firm PwC said, falling short of what is needed to reach the world's climate goal.

PwC said the pace of change needed to pick up to get back on track with an objective of capping global warming at 1.5 degrees Celsius.

Dan Dowling, partner at PwC UK, said in a statement the world was falling "alarmingly" short of the rate needed to meet the Intergovernmental Panel on Climate Change's 2030 deadline to reduce emissions by 43%.The average global rate of decarbonisation must now reach 15.2% year-on-year, the PwC analysis revealed, 11 times faster than that achieved since 2000.

South Africa was the strongest performer, with a decrease of 4.6%, followed by Australia at 3.3% and China at 2.8%.

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