Listed companies on track to cause nearly 3 degree climate 'chaos' - MSCI

📆 28.06.2022 20:00:00
📰 ReutersScience

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Equity index compiler MSCI said on Tuesday the world's listed companies were on a course to cause global warming of 2.9 degrees Celsius, well above a target to limit the worst effects of climate change on the planet.

Fewer than half of all global listed companies align with a 2 degree temperature increase, and only just over a tenth conform to the most ambitious 1.5 degree temperature rise scenario, MSCI said in its quarterly Net-Zero Tracker.

MSCI said listed firms needed immediately to begin reining in their carbon intensity by 8-10% annually until 2050 in order to limit temperature change to 1.5 degrees compared to the pre-industrial era.

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Scientific bollocks.

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