'Red flag for COP26': Most high carbon firms shooting 'wide of the mark' for a 2C world

Michael Holder
clock
Carbon intensive firms are not decarbonising quick enough, according to the TPI
Image:

Carbon intensive firms are not decarbonising quick enough, according to the TPI

Investor-led Transitions Pathway Initiative warns four in five firms in carbon intensive sectors currently fail Paris Agreement test

The vast majority of companies in carbon intensive industries such as oil, electricity, cement, metals and transport remain far off track for alignment with the Paris Agreement goals, which "raises a red...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Management

World leading: UK CEOs more likely than global counterparts to embrace net zero goals

World leading: UK CEOs more likely than global counterparts to embrace net zero goals

But annual PwC survey also reveals around two thirds of UK business leaders are yet to set credible net zero targets

James Murray
clock 19 January 2022 • 3 min read
ExxonMobil vows to achieve 'net zero' operations by 2050

ExxonMobil vows to achieve 'net zero' operations by 2050

But oil major fails to establish targets for Scope 3 emissions that account for at least 85 per cent of its total emissions output

Cecilia Keating
clock 19 January 2022 • 2 min read
Science Based Targets Initiative backs new real estate decarbonisation push

Science Based Targets Initiative backs new real estate decarbonisation push

SBTi teams up with Carbon Risk Real Estate Monitor initiative to develop fully aligned 1.5C decarbonisation pathways for the real estate sector.

BusinessGreen staff
clock 18 January 2022 • 2 min read