Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > World heading for 2.4C of warming after latest climate pledges -analysts
    Top Stories

    World heading for 2.4C of warming after latest climate pledges -analysts

    World heading for 2.4C of warming after latest climate pledges -analysts

    Published by Jessica Weisman-Pitts

    Posted on November 9, 2021

    Featured image for article about Top Stories

    By Kate Abnett

    GLASGOW (Reuters) – New national pledges to tackle climate change this decade would lead to around 2.4 degrees Celsius of global warming this century, far above safe levels, analysts predict.

    Climate Action Tracker (CAT) said on Tuesday that the promises by countries attending the U.N. summit in Glasgow https://www.reuters.com/business/cop to cut greenhouse gas emissions by 2030 would still allow the Earth to heat up far beyond the United Nations target by 2100.

    “Even with all new Glasgow pledges for 2030, we will emit roughly twice as much in 2030 as required for 1.5°C,” it said, referring to the aspirational goal for warming since pre-industrial levels set down in the 2015 Paris Agreement.

    “Therefore, all governments need to reconsider their targets,” the research coalition added.

    In an “optimistic scenario” where some countries’ longer-term goals to stop increasing the level of greenhouse gases in the atmosphere – “net zero” – by 2050 or later were implemented, warming could be limited to 1.8C this century, CAT added.

    That forecast echoed an analysis last week by the International Energy Agency.

    CAT warned against assuming the longer-term pledges would be met, however, since most countries have not yet implemented the short-term policies or legislation needed for those goals.

    “It’s all very well for leaders to claim they have a net zero target, but if they have no plans as to how to get there, and their 2030 targets are as low as so many of them are, then frankly, these ‘net zero’ targets are just lip service to real climate action,” said Bill Hare, CEO of Climate Analytics, one of the organisations behind the CAT.

    Under “business as usual”, without any of the new pledges, the world would warm up by 2.7C this century, CAT said.

    All scenarios will blow past the 1.5C limit that scientists say the world must meet to avert the most devastating impacts of climate change.

    To keep to that, scientists have said global greenhouse gas emissions, mostly carbon dioxide from burning coal, oil and gas, must fall 45% from 2010 levels by 2030 and hit net zero by 2050.

    Greenpeace said the analysis was “devastating” and called on countries to agree to update their 2030 targets every year until the gap between their pledges and the 1.5C target was closed.

    Some 90% of global emissions are now covered by a net zero target, but the “vast majority” of countries’ climate plans for the next decade are inconsistent with long-term net zero targets, CAT said.

    (Reporting by Kate Abnett; Editing by Richard Valdmanis, Kevin Liffey and Alexander Smith)

    By Kate Abnett

    GLASGOW (Reuters) – New national pledges to tackle climate change this decade would lead to around 2.4 degrees Celsius of global warming this century, far above safe levels, analysts predict.

    Climate Action Tracker (CAT) said on Tuesday that the promises by countries attending the U.N. summit in Glasgow https://www.reuters.com/business/cop to cut greenhouse gas emissions by 2030 would still allow the Earth to heat up far beyond the United Nations target by 2100.

    “Even with all new Glasgow pledges for 2030, we will emit roughly twice as much in 2030 as required for 1.5°C,” it said, referring to the aspirational goal for warming since pre-industrial levels set down in the 2015 Paris Agreement.

    “Therefore, all governments need to reconsider their targets,” the research coalition added.

    In an “optimistic scenario” where some countries’ longer-term goals to stop increasing the level of greenhouse gases in the atmosphere – “net zero” – by 2050 or later were implemented, warming could be limited to 1.8C this century, CAT added.

    That forecast echoed an analysis last week by the International Energy Agency.

    CAT warned against assuming the longer-term pledges would be met, however, since most countries have not yet implemented the short-term policies or legislation needed for those goals.

    “It’s all very well for leaders to claim they have a net zero target, but if they have no plans as to how to get there, and their 2030 targets are as low as so many of them are, then frankly, these ‘net zero’ targets are just lip service to real climate action,” said Bill Hare, CEO of Climate Analytics, one of the organisations behind the CAT.

    Under “business as usual”, without any of the new pledges, the world would warm up by 2.7C this century, CAT said.

    All scenarios will blow past the 1.5C limit that scientists say the world must meet to avert the most devastating impacts of climate change.

    To keep to that, scientists have said global greenhouse gas emissions, mostly carbon dioxide from burning coal, oil and gas, must fall 45% from 2010 levels by 2030 and hit net zero by 2050.

    Greenpeace said the analysis was “devastating” and called on countries to agree to update their 2030 targets every year until the gap between their pledges and the 1.5C target was closed.

    Some 90% of global emissions are now covered by a net zero target, but the “vast majority” of countries’ climate plans for the next decade are inconsistent with long-term net zero targets, CAT said.

    (Reporting by Kate Abnett; Editing by Richard Valdmanis, Kevin Liffey and Alexander Smith)

    Related Posts
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference
    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Top Stories

    Explore more articles in the Top Stories category

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    A Gateway for U.S. Capital: Inside Kazakhstan’s Expanding Financial Hub

    A Gateway for U.S. Capital: Inside Kazakhstan’s Expanding Financial Hub

    View All Top Stories Posts
    Previous Top Stories PostPrince Harry says ‘Megxit’ is a misogynistic term
    Next Top Stories PostGE, an industrial conglomerate pioneer, to break up