World Leaders: Temperature Rise and Pre-Industrial Levels

world leaders: World leaders agreed in the Paris climate accords to keep the temperature rise this century well below 2C above pre-industrial levels and to pursue efforts to limit the rise to 1.5C. Revealed the 20 firms behind a third of all carbon emissions Read more But in a stark illustration of the scale of the decarbonisation challenge facing the world economy, Carney suggested companies had already secured financing from investors in the global capital markets worth 85tn 67.2tn for stocks and 100tn for bonds that will keep the world on a trajectory consistent with catastrophic global heating, according to The Guardian. The risks associated with temperatures at or above 4C include a 9-metre rise in sea levels affecting up to 760 million people searing heatwaves and droughts, serious food supply problems and half of all animal and plant species facing local extinction. In a stark warning over global heating, Mark Carney said the multitrillion-dollar international capital markets where companies raise funds by selling shares and bonds to investors are financing activities that would lift global temperatures to more than 4C above pre-industrial levels. Speaking to MPs on the Commons Treasury committee, Carney did not give a timescale for the temperature rise, but said The objectives are there, but policy is not yet consistent with stabilising temperatures below 2C. There are some companies out ahead, either because of stakeholders, or because they're anticipating that that will change. Carney sounded the alarm in the wake of the Guardian last week revealing the 20 biggest companies behind a third of all carbon emissions. But there are others that are waiting for the policies to adjust. (news.financializer.com). As reported in the news.