The recent IPCC report into climate change, coupled with storms, flooding and wildfires around the globe has created a step change in the urgency of the climate crisis. As investors in renewable energy, we’re sure that, along with ourselves, you’re hopeful that the climate emergency is finally becoming a priority.
Last June, the UK hosted the 47th meeting of the G7 summit, where world leaders discussed climate change amongst other global issues such as the COVID 19 pandemic. As a result, the UK has pledged to cut carbon emissions by 78% by 2035, with further commitments on green finance. A good start.
The IPCC report highlights that the world’s temperature is projected to reach 1.5°C within the next 20 years in all scenarios, placing increased pressure on the upcoming COP26 Climate Change Summit in November to deliver meaningful action.
We now need to wait for the detail and the legislation, but we’re confident that individuals and companies will continue to make the right choices. Ultimately we all will make the difference when it comes to reducing emissions and transitioning to clean technology.