The Paris climate agreement committed the world to limit global warming to well below 2°C and keep it as close as possible to 1.5°C above preindustrial levels. The latest IPCC report has warned the world of the major negative impacts on humanity and the planet of a rise in global temperatures of 1.5°C, and the even more dramatic consequences of 2°C global warming. It therefore urges the world to aim for 1.5°C and recommends achieving netzero CO2 emissions globally by 2050.
The Energy Transitions Commission (ETC) – a coalition of business, finance and civil society leaders from across the spectrum of energy producing and using industries – supports the objective of limiting global warming ideally to 1.5°C and, at the very least, well below 2°C.