Listed companies on track to cause nearly 3 degree climate 'chaos' - MSCI

6/28/2022 6:00:00 PM

Equity index compiler MSCI said on Tuesday the world's listed companies were on a course to cause global warming of 2.9 degrees Celsius, well above a target to limit the worst effects of climate change on the planet.

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Equity index compiler M SCI said on Tuesday the world's listed companies were on a course to cause global warming of 2.9 degrees Celsius, well above a target to limit the worst effects of climate change on the planet.

Equity index compiler M SCI said on Tuesday the world's listed companies were on a course to cause global warming of 2.9 degrees Celsius, well above a target to limit the worst effects of climate change on the planet.

The findings underscore how much the world's established companies must transform their business practices to make good on pledges governments have made to lower emissions.Register now for FREE unlimited access to Reuters.comRegisterA global deal agreed in Paris in 2015 set the goal of preventing global warming above 1.5 degrees - the limit that scientists say could prevent irreversible climate change.

MSCI said listed firms needed immediately to begin reining in their carbon intensity by 8-10% annually until 2050 in order to limit temperature change to 1.5 degrees compared to the pre-industrial era."A planet that is 2.9 degrees warmer by 2100 is not just a more volatile world, it is a dislocated world. ‘Disorderly transition’ scenarios are a euphemism for chaos," said Sylvain Vanston, MSCI's executive director of climate change investment research.

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Fewer than half of all global listed companies align with a 2 degree temperature increase, and only just over a tenth conform to the most ambitious 1.GOAIRC Advertisement That excess heat caused a misalignment in the rail, which BART officials said can occur anytime the track exceeds its baseline temp by 20 degrees.Representatives from the Association of American Railroads told the Washington Examiner that while the industry prides itself on being the most energy-efficient way to move freight, an executive order signed by President Joe Biden unfairly singles out railroads.More News Videos The Supreme Court ruled to overturn Roe v.

5 degree temperature rise scenario, MSCI said in its quarterly Net-Zero Tracker. The findings underscore how much the world's established companies must transform their business practices to make good on pledges governments have made to lower emissions. However, t his isn’t the first time high heat has caused a notable transit failure in the region. Register now for FREE unlimited access to Reuters. The switching rule requires railroads to trade off cargo with other locomotives that they would otherwise be able to move themselves, “adding even more difficulty.com Register A global deal agreed in Paris in 2015 set the goal of preventing global warming above 1.5 degrees - the limit that scientists say could prevent irreversible climate change. What that will do is it will make those barriers even bigger," said Howell.

MSCI said listed firms needed immediately to begin reining in their carbon intensity by 8-10% annually until 2050 in order to limit temperature change to 1. But not all legislation approved by the Biden administration has been negative, he said.5 degrees compared to the pre-industrial era. "A planet that is 2.9 degrees warmer by 2100 is not just a more volatile world, it is a dislocated world. Railroads can move freight an average of 500 miles on 1 gallon of fuel, about the equivalent of 100 trucks, according to AAR's assistant general counsel, Theresa Romanosky. ‘Disorderly transition’ scenarios are a euphemism for chaos," said Sylvain Vanston, MSCI's executive director of climate change investment research.

"Every step by companies to cut their absolute emissions and every effort by policymakers to drive momentum is critical because every tenth of a degree matters." The temperature rise is down from 3 degrees in MSCI's projection in March due to more listed companies publishing emissions targets, but most listed companies have still not set any net zero goals.6 million cars per year. Register now for FREE unlimited access to Reuters.com Register Reporting by Noah Browning Editing by Mark Potter Our Standards: .