Emissions Reduction Targets of Largest Companies Fail to Meet Scientific Standards
Report from the Carbon Disclosure Project analyzes emissions reduction targets of the world's 100 largest companies, and warns that targets are insufficient to meet scientific guidelines.
According to the Fourth Assessment Report (AR4), published by the Intergovernmental Panel of Climate Change (IPCC) in 2007, greenhouse gas (GHG) emissions must be reduced by 80-95% by 2050 if the most dangerous effects of climate change climate change are to be avoided.
A recently issued analysis by the Carbon Disclosure Project (CDP), entitled The Carbon Chasm, studied the climate change mitigation efforts of the 100 largest companies in the FTSE Global Equity Index Series, and found that their efforts were insufficient for meeting the minimum annual global reduction rate of 3.9%. The report found that the top 100 companies are on track for an annual reduction rate of only 1.9%.