The world is destined for dangerous climate change this century and it will now be almost impossible to keep the increase in global average temperatures within the 2 degree Celsius target up to 2100, the report said.
An analysis of how fast the major world economies are reducing their emissions of carbon dioxide from fossil fuels suggests that it may already be too late to stay within the 2C target of the UN's Intergovernmental Panel on Climate Change, the report found.
In order to keep the temperatures within the 2 degree Celsius target, which scientists believe might avert dangerous and unpredictable climate change, the global economy would have to reach a "decarbonisation" rate of at least 5.1 per cent a year for the next 39 years, the report said.
This has not happened since records began at the end of the World War II, according to Leo Johnson, a PricewaterhouseCoopers (PwC) partner in sustainability and climate change.
"Even doubling our current rate of decarbonisation would still lead to emissions consistent with 6C of warming by the end of the century. To give ourselves a more than 50 per cent chance of avoiding 2C will require a sixfold improvement in our rate of decarbonisation," the Independent quoted Johnson as saying.
"It's time to plan for a warmer world... We have passed a critical threshold," he said.
"This isn't shock tactics, it's simple maths. We're heading into uncharted territory for the scale of transformation and technical innovations required. Whatever the scenario, or response, business as usual is not an option," Johnson was quoted by the paper.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
