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Since the signing of the Paris Agreement in 2015, global progress has reduced the projected 2030 increase in greenhouse gas emissions from 16% to 3%. However, achieving the Agreement's temperature targets requires a much more accelerated transition to economy-wide, low-carbon development, with a particular focus on the energy transition.
FNArena summarises the key developments at COP27 and Macquarie checks out their implications for Australian stocks
As the IPCC determines that we have just years to stop catastrophic climate change, robust regulation on climate transition plans will prove essential, argues Pietro Bertazzi, global director of policy engagement and external affairs at CDP.