The COP26 climate conference begins in less than two weeks. What will a successful outcome look like? At Kempen, we believe markets will respond well if global leaders make more detailed commitments to net zero and move towards a minimum price on carbon.
This summer the latest assessment report from the scientists of the IPCC ratcheted up the strength of their language and the urgency of their findings, showing there is no longer any shadow of a doubt connecting human activity with unprecedented global warming.
The analysis examined 5 different potential scenarios around the warming of the planet over the coming years. Every single one of these scenarios suggested that the Earth will reach at least 1.5C of warming in the next 20 years. “With every increment of global warming, changes get larger” concluded the IPCC, compounding the likelihood of extreme weather events such as this summer’s heatwaves and hurricanes in Europe and the US respectively.