Global asset manager Schroders has published the latest update of its Climate Progress Dashboard and has concluded that, in the face of what was a relatively lackluster COP24 summit in December, the pace of global warming has slowed marginally thanks to higher carbon prices and increased political ambition to tackle climate change.
The cost of carbon in Europe has soared to its highest levels for almost a decade but it has not been enough to slow the pace of global warming, according to Schroders’ latest Climate Progress Dashboard update, which remains on track for 4°C.
The current pace of global climate change remains double that of the international targets set in the Paris Climate Agreement due to a lack and speed of global action to limit its impact, according to Schroders Climate Progress Dashboard.
