Skip to content
Friday 14 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,772.67
-0.56%
DAX
26,299.74
0.00%
CAC 40
8,650.56
0.00%
STOXX 50
6,545.47
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Monday 20 March 2023 4:21 pm

Window of opportunity to preserve liveable climate rapidly closing, UN warns

By: Morning Wire reporter

Add as a preferred source on Google
The sector has been hit by claims that some credits are more accurate than others.

There is a rapidly closing window of opportunity to lower greenhouse gas (GHG) emissions and secure a safe and liveable future for the global population, according to a new UN report.

Scientists from the Intergovernmental Panel on Climate Change (IPCC) said there needs to be drastic and deep GHG emissions cuts to keep the average global temperature below 1.5C above pre-industrial levels.

Every fraction of warming escalates the severity of climate effects such as heatwaves, heavy rainfall and flooding, they argued, while new evidence has shown even small changes can wreak havoc on communities.

Burning fossil fuels has already warmed the Earth by 1.1C, resulting in more frequent extreme weather and increased food and water scarcity for millions of people.

Human activities have unequivocally caused this warming, the report authors explained, with current policies set to warm the Earth by a further 2C above pre-industrial temperatures by 2100.

This could cause catastrophic loss of life for species around the equator while exposing millions more people to dangerous levels of heat and humidity.

Global surface temperature has increased faster since 1970 than in any other 50-year period over the last 2,000 years and in 2019 atmospheric CO2 concentrations were higher than at any time in at least two million years, according to IPCC analysts.

Limiting the global temperature to 1.5C, above which scientists say the climate will become dangerously unstable, requires CO2 emissions to fall by 48% by 2030, 65% by 2035, 80% by 2040 and 99% by 2050.

IPCC author Professor Peter Thorne said: “The report is pretty clear that we will, almost regardless of emissions scenarios, reach 1.5C in the first half of the next decade.

“There is some uncertainty about that. The real question is whether our collective choices between now and then mean we reach and stabilise at or around 1.5C or whether we blast right through 1.5C, crash through 2C and keep going.”

Read more

ReNew Reports 25.6% Reduction in Scope 1 & 2 Emissions and 24.7 Billion Units of Clean Power Generated in FY 2025-26

Between 3.3-3.6bn live in contexts highly vulnerable to climate change, the IPCC said, with those in the global south, small islands and the Arctic bearing the most harmful impacts..

Report makes final plea for climate action

The report, approved by UN member states after a week-long session in Interlaken, Switzerland, brings together the findings of three previous volumes on physical science, mitigation and adaptation as well as three special reports on global warming of 1.5C, the ocean and cryosphere and climate change and land.

It will be the last such report for several years and sets out the scientific basis for this decade’s global climate action.

The IPCC said choices and actions implemented throughout the 2020s will have impacts now and for thousands of years.

Met Office analysis, published to coincide with the IPCC report, suggests slashing global GHG emissions in half by 2030 would only leave a 50per cent chance of limiting the global average temperature to 1.5C and said even bigger cuts are required to give more certainty.

The IPCC revealed some industries that are hard to decarbonise, such as agriculture, aviation and shipping, will need to be counterbalanced by removing CO2 from the atmosphere, while private finance is key to climate adaptation and mitigation.

Dr Christopher Trisos, one of the report’s authors, said: “The greatest gains in wellbeing could come from prioritising climate risk reduction for low-income and marginalised communities, including people living in informal settlements.

“Accelerated climate action will only come about if there is a manyfold increase in finance. Insufficient and misaligned finance is holding back progress.”

Press Association – Danny Halpin

Read more

Meet the new energy minister who believes lower growth is “good news”

Katie White, a woman with curly blonde hair, smiling in a navy blazer and white collared shirt against a dark background.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Energy

Related Topics

  • environment

Trending Articles

  • Revolut takes flight with launch of new airport lounges

  • It’s not just Jason Arday, most of sociology is a scam

  • IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details

  • Grandparents fund university degrees to avoid inheritance tax net

  • Five-star Mayfair hotel hit with HMRC winding-up petition

More from Morning Wire

  • ReNew Reports 25.6% Reduction in Scope 1 & 2 Emissions and 24.7 Billion Units of Clean Power Generated in FY 2025-26

    Business Wire
  • Meet the new energy minister who believes lower growth is “good news”

    Opinion
    Katie White, a woman with curly blonde hair, smiling in a navy blazer and white collared shirt against a dark background.
  • Gatwick expansion green-lit as court throws out activists’ appeal

    Transport & Infrastructure
    20m passengers have flown through Gatwick this year
  • Promega Achieves 100% Renewable Electricity Across Global Operations

    Business Wire
  • Miliband refused to meet motor trade body to discuss zero emissions mandate

    Transport & Infrastructure
    Ed Miliband speaking at a podium during a press conference, addressing energy policy reforms and climate change initiatives.
  • Britain needs to start designing for drought

    Opinion
    London cityscape from Primrose Hill showing dry, brown grass during drought with River Thames and skyscrapers
  • Easyjet extends window for another Castlelake bid

    Aviation
    EasyJet aircraft parked at the airport terminal ready for boarding, featuring distinctive orange branding and clear blue sky.
  • Government to inject millions into electric vehicle firms despite mandate backlash

    Politics
    Car bodies on an assembly line in a UK car plant, showcasing EV manufacturing process
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook