First published in Environmental Finance as part of a series covering EIT Climate-KIC’s Climate Innovation Summit 2018. The financial sector must play a critical enabling role to limit global warming to below 1.5 degrees. Investors need to quickly overhaul their strategies for climate change to be halted in just over a decade, and there are already tools and solutions available to help investors align with this goal.
This week’s report by the Intergovernmental Panel on Climate Change (IPCC) makes clear that “rapid, far-reaching and unprecedented changes in all aspects of society” must happen to ensure temperature rises don’t exceed 1.5C above pre-industrial levels. The report has provided the clearest evidence yet that global net-zero emissions need to be achieved by 2035. A key part of this (...)