How Business Can Play a Critical Role in Slowing Global Warming
First, the bad news: In October, the International Panel on Climate Change (IPCC) released the latest version of its Special Report on Global Warning , which describes a dire future without immediate and far-reaching action to reduce greenhouse gases — difficult when global emissions continue to rise . The report advises that the severity of climate-related risks climbs dramatically when planetary temperature rises beyond 1.5 degrees Celsius. Previous guidance, including the Paris Agreement and the thresholds set by the Science-Based Targets Initiative (SBTi), was based on a 2-degree Celsius rise. While a further reduction of .5 degrees doesn’t seem dramatic, it’s a change that will have considerable impact on the depth of and timeline for climate action. Companies and carbon emissions The economic and environmental implications of the IPCC report are ominous but mobilizing. So, now, the good news: the strategies and technologies needed to curb emissions already exist. Businesses ...