• 01-NOV-2013

IPCC carbon budget to 2100 will be used by 2034

Results show carbon budget limits are now within the planning cycle of major infrastructure and business investment decisions increasing the risk of stranded assets

London, 2 Nov 2013‑‑According to PwC analysis, the world is on track to blow the 2°C carbon budget, estimated by the IPCC for the next 89 years, within 21 years.

This puts the world on a path consistent with potential global warming of around 4°C by 2100, the most extreme scenario presented in the recent IPCC 5th Assessment Report on climate science.

The results, from the 5th annual PwC Low Carbon Economy Index, examine the amount of energy-related carbon emitted per unit of GDP needed to limit global warming to 2°C. 

The report warns that this level of warming "will have serious and far reaching implications." Current investment planning cycles for major business and infrastructure investments now need to factor this into their decision making.

Contacts

  • Rowena J. Mearley
    Director, PwC, Global Communications & Public Relations
    United States
    +1 646 313 0937
    + 1 347 501 0931