Humans are great adapters, but climate warnings are not hyperbole

$100trn needed by 2050

clock • 4 min read
Nicolas Mackel is CEO of Luxembourg for Finance
Image:

Nicolas Mackel is CEO of Luxembourg for Finance

After two years of relentless effort to keep their economies afloat during the pandemic, European governments are now rightly devoting a significant amount of their attention to supporting Ukraine.

For many, the immediacy of this threat has relegated the urgency of another, global warming, prompting a rethink about the energy transition and reinvigorating interest in fossil fuels. While this is understandable, we cannot afford to address one crisis at a time. The IPCC's reports are increasingly alarming. The latest, published in April, estimates that if the global peak in CO2 emissions is not reached before 2025, there is no chance of limiting the temperature increase to less than 1.5°C by 2050. We will then have failed, in a decade since its signing, to achieve the goals of the Pa...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

Trustpilot