Climate Politics
Rich Countries Offer No Haven From Climate Doom, Study Finds
- None of the 70 nations reviewed by ASCOR are on track for 1.5C
- And prospects aren’t getting better in the US with Trump’s win
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As sovereign debt investors concerned about climate change scrutinize national responses to rising global temperatures, they’re increasingly finding that wealthier nations aren’t doing their part to help address global warming.
Not one country is on track for a 1.5C future based on 2030 national pledges for cutting emissions, according to the Assessing Sovereign Climate-related Opportunities and Risks Project. What’s more, the review of 70 countries’ emissions and policies shows “no overwhelming trend” that wealthier countries are doing a better job of tackling climate change.