The chance of the world limiting global warming to well below 2°C, as required by the Paris Agreement, is now “almost zero”, financial services firm PWC has said in its latest annual analysis of the transition from carbon.
The warning comes as the IPCC prepares to publish its special report on Monday where it is expected to say that the Paris aim to limit the increase to 1.5°C is only possible with more urgent, deeper emissions cuts.
In its analysis of the rate of carbon transition in the G20 economies, PWC found that emissions are rising again as the the move to a low-carbon economy “lags behind global economic growth”.
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