Carbon Pricing

Mounting Impacts, Widening Gaps: Climate science unambiguously concludes that more ambitious climate mitigation action is needed at scale to meet the UN Paris Climate Agreement goals. The initial UN global stocktake (2023) confirmed a “huge mitigation gap” that makes those goals more likely to be missed. The Intergovernmental Panel on Climate Change (IPCC) confirmed in 2022 that it is “almost inevitable” that the Paris objective of 1.5 °C will be exceeded.