S&P Global’s New COP28 Report Calls for Urgent Accelerated Energy Transition
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Drawing on data and insights from across S&P Global, the report analyzes the physical risks of climate change and the challenges of limiting global temperature rise to below 2 degrees Celsius
With political and business leaders due to begin gathering in Dubai this week for this year’s UN Climate Change Conference, S&P Global has released new research highlighting the need for an expedited energy transition, in a special edition of its quarterly sustainability report titled, “Advancing the Transition.”
Drawing on data and insights from across S&P Global, the report casts a new light on the challenges, risks and opportunities as the world looks to meet the goals of the Paris Agreement to limit global temperature rise to well below 2 degrees Celsius. It explores key aspects of the transition, including evolving climate disclosure rules, steps that automakers are taking to decarbonize, and physical risks that climate change poses to countries and companies absent significant global action.
“As the international community unites to discuss the climate crisis, the need for an all-hands-on-deck approach from business and policymakers across the globe couldn’t be more pressing,” said Dr. Richard Mattison, Vice Chair of S&P Global Sustainable1. “Our comprehensive research underscores the dangers posed to nature and biodiversity, and the physical risks the current climate warming trajectory could have on markets, investors, and communities, while providing a roadmap for global leaders to collectively mitigate the negative impact of the global climate threat.“