Copyright © HT Digital Streams Limit all rights reserved. Disorderly transition pushes the Paris agreement climate goals above: KPMG’s John McCalla-Leacy John McCalla-Leacy, the head of global environmental, social and management management at KPMG International. Summary The target of limiting global warming to 1.5 degrees Celsius above industrial levels is unlikely to be met the pre-industrial levels, says John McCalla-Leacy, the head of global environmental, social and management (ESG) at KPMG International. New Delhi: Although climate action has gained momentum, the world is seeing a disorderly energy crossing, with countries pursuing different roads and trajectories, says John McCalla-Leacy, the head of global environmental, social and management (ESG) at KPMG International. As a result, the target of limiting global warming to 1.5 degrees Celsius above the pre-industrial levels by 2100 is probably not compliant, he said in an interview. “We are progressing on the ground? Absolutely! If you probably have the most pessimistic view … Can you even go as high as 3 to 4 degrees (Celsius). This is the most pessimistic world, and it already shows that we have made progress. But also, we admit that there is more work to be done. Are we on the right path to limit the global warming? “Certainly, 2025 is the ten-year anniversary of the Paris Agreement.” What we see now is more similar to what we call a disorderly transition. We do not have the level of agreement we ideally wanted about governments, and we see it … in terms of different standards. move. ‘ The Paris agreement is an international climate change treaty that was adopted by 195 parties at the UN Climate Change Conference (COP21) in Paris, France, on December 12, 2015. Strive “to limit the temperature. The UN’s intergovernmental panel on climate change indicates that the intersection of the 1.5 ° C threshold includes risks that unleashed very serious weather changes, including more frequent and severe droughts, heat waves and rainfall. Not as smooth as expected, he said, “I would position that the change we are going through now is probably the most complicated and greatest change we have ever seen on this planet.” John said surveys showed that more than 60% of global general managers maintained the climate goals set by their organizations; Climate goals. He added that the estimated cost for the global transition during 2020 to 2050 would amount to about $ 275 trillion, which would be a complicated task in its entirety, while considering individual projects that require a few hundred thousand dollars or a million dollars, the work that is at hand. Yes, $ 2 trillion renewable energy last year. Is that enough? No. So, the increase in the survey is material. You can see it. However, it must accelerate and grow faster. And the $ 275 trillion is the total cost, which is, and we are nowhere near it. “Catch all the business news, market news, news articles and latest news updates on live mint. Download the Mint News app to get daily market updates. More topics #Renewable Energy #Global Warming Read next story
Paris Agreement: ‘Irregular Energy Transitional is derailing climate goals’
