China’s surprise pledge to reach “carbon neutrality” before 2060, made by president Xi Jinping at this week’s UN General Assembly, means that more than one sixth of the world’s population – and around a third of its CO2 output – has, overnight, been committed to net-zero emissions within 40 years. Using Cambridge Econometrics’ E3ME macroeconomic model to analyse the implications of the pledge, reveals this move could cut global warming this century by 0.25C and raise the country’s GDP; however, it requires China’s CO2 emissions to fall rapidly.
Devastating tropical storms – like Cyclone Amphan- are increasing in both frequency and intensity due to climate change. Planning for extreme weather and other climate risk factors, and taking appropriate action, are needed to avoid a future tragedy like the one unfolding in Sundarban.
Slow progress by nations on limiting greenhouse-gas emissions has prompted a grassroots climate movement that is gaining momentum around the globe and a growing recognition for radical energy and industrial transformation. Riskthinking.ai supplies decision-makers and business leaders with scenarios tools for better understanding the climate risks their organizations face, and potential pathways for change.