A report detailing steps to achieve the Paris Agreement to slow and ultimately halt progressive climate change by 2050 has been published by Mott MacDonald, titled Under 2o: mission possible.
The report sets milestones on a timeline and points out that without meaningful and sustained action the planet is facing further destructive climate change.
Average global temperatures are already 1oC above pre-industrial levels and climate-related weather events are the leading cause of financial loss thus viewed by the World Economic Forum as the biggest threat to the global economy.
The report is based on current progress and commitments and planned improvements to technology. Underpinning the report is a new way of thinking by the financial industry and civil society that is giving new drive and urgency to solving the issue of climate change.
Meaningful progress needs to be made by 2050 and this is being acknowledged by banks, investors, insurers and infrastructure owners.
“So far 90% of the 195 signatories to the 2015 Paris Agreement have passed approximately 1,500 pieces of national policy and legislation to achieve their 2oC commitments. Now its all about implementation,” said Keith Howells, Mott MacDonald Group Chairman.
“Realising the Paris Agreement aim of keeping global temperature rise below 2oC is completely achievable. Our report shows how this can be done by positive technological, economic and social changes. We anticipate unprecedented innovation, research and development between now and 2050 which is great news for future generations. It proves that humankind can not only respond to massive changes but overcome them and continue to thrive,” added Howells.
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