Here’s some news that shows just one aspect of how hard GHG emissions management is – and risks implied in corporate climate assumptions. Financial Times this past weekend criticized the UK government because “Germany has cut greenhouse gas emissions faster than the UK since the 2015 Paris agreement to limit global warming.” Good news? Well, not so fast. Clean Energy Wire yesterday offered context that paints a stark picture:
“A draft report commissioned by the German government shows that the country’s current and planned climate policies are not enough to reach the official target of net-zero greenhouse gas emissions by 2045, according to a report published by Der Spiegel [in German]. The projections report, in which leading research institutions calculated scenarios for future emissions development, showed that, even in a best-case scenario, Germany would still have net emissions of 160 million tonnes of CO2 equivalent per year by 2045…”
If you win and lose at the same time, do you just end up with a participation ribbon?