Europe’s companies will be among so-called ‘non-state’ actors that will need to slash their carbon emissions to enable the deep decarbonisation scientists say is essential to avoid runaway climate change.
Although EU-based companies only account for 10% of the global top 50 corporate emitters, according to a recent survey by the Carbon Disclosure Project, banks based in London, Paris and Frankfurt are major providers of finance to coal and other fossil fuels despite high profile divestment campaigns.
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