The UN Climate Change Conference of the Parties (COP26) in Glasgow saw a welcome spate of commitments being made to address global warming. There, among many other agreements, 191 countries finalised the Paris Rulebook, which sets out a framework for reducing greenhouse gas (GHG) emissions to zero. In concert, a diverse group of business leaders voiced pledges around biodiversity, deforestation, renewable energy and much more, reflecting the escalating sense of responsibility within the business sector to tackle climate change.
The central question now is this: how well do these commitments translate into action?
EUROPE’S PLACE IN THE RACE TO NET ZERO
Seeking to learn more about what it will take to go from commitment to achievement, Accenture Research has studied the efforts European businesses are taking to meet the targets outlined in the 2015 Paris Agreement. Its primary goal: limiting the average rise in global temperature to well under 2°C, and ideally to no more than 1.5°C, to