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Climate Change Efforts Falling Short, Warn Experts

As global emissions continue to rise, the world faces a $2 trillion financing gap in the energy production shift, while the U.S. grapples with the effects of climate change.

  • Global emissions continue to rise by 1.5% annually, while they need to be trimmed by 7% annually until 2030 to limit global warming to 1.5 degrees Celsius, the target of the Paris Agreement.
  • Only 20% of the top 1,000 companies have targets to reduce their emissions to 1.5 degrees Celsius, indicating a lack of serious commitment to combatting climate change.
  • The world is only financing about half of what’s required to shift our energy production, resulting in a $2 trillion gap.
  • The Fifth National Climate Assessment report warns that nowhere in the U.S. is safe from the effects of climate change, and current efforts and investments to address it remain 'insufficient'.
  • Greenhouse gas emissions in the U.S. declined 12% between 2005 and 2019 as the country reduced its reliance on coal and increased renewable energy usage. However, to truly prevent the worst impacts of climate change, the U.S. and other nations would need to reach net zero emissions of carbon dioxide.
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