About the report:
Climate Change 2022: Mitigation of Climate Change
The Working Group III report provides an updated global assessment of climate change mitigation progress and pledges, and examines the sources of global emissions. It explains developments in emission reduction and mitigation efforts, assessing the impact of national climate pledges in relation to long-term emissions goals.
At Ecolytics, we broke down three key points for business:
1. Average annual GHG emissions during 2010-2019 were higher than in any previous decade.
However, the rate of growth between 2010 and 2019 was lower than that between 2000 and 2009.
2. We have the solutions to reach net zero by 2050.
But we need to start taking action now!
3. Certain solutions are smarter investments.
Improving building efficiency and transport can help companies reduce more carbon for less money.
“We are at a crossroads. The decisions we make now can secure a liveable future. We have thetools and know-how required to limit warming,” said IPCC Chair Hoesung Lee. “I am encouraged byclimate action being taken in many countries. There are policies, regulations and marketinstruments that are proving effective. If these are scaled up and applied more widely andequitably, they can support deep emissions reductions and stimulate innovation.”