In this report, we deep dive into the key actions required to safeguard our planet’s climate and restrict the global median temperature increase to 2˚C by the year 2100, relative to pre-industrial levels. A rise of no more than 2˚C was set out in the Paris Agreement of 2015 as the long-term temperature goal, with a further desire to limit it to 1.5˚C.
The analysis in this report is based on our new Global Two Degrees Scenario, which looks at energy market factors in a world in which carbon emissions are compatible with limiting the global temperature increase to 2˚C, which differs to our Central Scenario.
The report also covers viable pathways to limiting global warming to 1.5˚C.
Key questions answered:
- How could the energy transition impact electrification and the global consumption of fossil fuels?
- By how much could fossil fuel prices be affected by the change in market fundamentals?
- What potential implications may be felt by investors and policy makers?
Global Research Director Richard Howard has written a thought piece on this topic found here.