Global efforts to combat the climate crisis will need to be five times greater than current levels, with new research warning that the rate that carbon emissions are decoupled from economic growth slowed in 2019. PwC’s Net Zero Economy Index tracks decarbonisation rates in relation to decoupling from economic growth. The latest index was released this week, revealing that the current global rate of decarbonisation reached 2.4% in 2019, the latest available data. However, a reduction in carbon intensity or emissions per dollar of GDP of 11.7% will be required annually to meet the 1.5C pathway of the Paris Agreement. That is five times greater than current levels.
Edie 18th Dec 2020 read more »