Schroders’ latest update on climate change indicators offers a disappointing result. But our Global Head of Sustainable Investment expects more policymakers and companies to release detailed climate action plans than ever before this year.
Climate Progress Dashboard: will 2021 be the year of decisive change? schroders.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from schroders.com Daily Mail and Mail on Sunday newspapers.
Getty Images
The 26
th UN Climate Change Conference of the Parties (COP26) would have taken place in Glasgow, Scotland, this month if it was not for the coronavirus pandemic. Global leaders were expected to come back together with tougher and more detailed plans to underpin the Paris Agreement.
While COP26 has been delayed until 2021, the last few months have seen the stars align around much tougher and faster action to cut global greenhouse gas emissions.
The 3.8°C rise above pre-industrial levels suggested by our latest Climate Progress Dashboard update is down from the 3.9°C rise recorded in the middle of the year, but still a long way from the “below 2°C” limit enshrined in the Paris Climate Accord. However, there are signs of toughening action ahead.