Blog | Lukewarm commitments point to hot climate : what is the impact for investors?

The year 2020 marked a turning point for greenhouse gas emissions. They fell for the first time in our modern history, to a greater extent than during the 1970s oil shocks and the 1930s Great Depression (in absolute terms).

The bad news, however, is that it took a pandemic and widespread economic shutdowns to depress fossil fuels consumption; it didn’t last, as by December 2020, global CO2 emissions returned to their pre-crisis uptrend; and it highlighted that for global warming to stay under 1.5°C, emissions need to decrease again by roughly 6% vs the previous year, and this should be repeated every year in the next decades.

You can now read the full blog post at the link below