Special Report: Almost out of time

extracts from The Edge Climate Feature on 10 August 2020

THE World Economic Forum’s Climate Governance Initiative, which provides guidance for businesses to act on the risks and opportunities posed by climate change, gives hope that the corporate world will wake up to its responsibilities at this critical hour for humanity.

However, there is much cause for concern at the ground realities that are pointing to the state of the climate crisis.

For instance, the AXA insurance group in its 2019 Climate Report states that most investors are not operating in tune with the goals of the Paris Climate Agreement, which binds governments to contain global warming well below 2°C.

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