Refresh this chart in your browser | Edit the chart in Datastream The new EU Carbon Border Adjustment Mechanism (CBAM)[1] which came into force on 1 October 2023 could prove to be a positive force for the transition to net zero. By imposing reporting obligations and ultimately a tax on carbon-intensive imports into the EU, the mechanism incentivises countries including China to decarbonise their exports. The CBAM was introduced to stop carbon leakage due to the cost advantage that non-EU countries have over EU countries, which have to abide by the limits on emissions imposed by the EU Emissions Trading System. The

The hosting of the UN’s climate conference later this year in Dubai, part of the United Arab Emirates, has been criticised by some who worry that the interests of the fossil fuel industry will be prioritised over the need to decarbonise rapidly. Highlighting the tensions, a group of US Congress members and Members of the European Parliament recently called for Sultan Al Jaber, the president of the climate conference who is also the head of the Abu Dhabi National Oil Company, to step down. As the charts below show, the UAE and other Gulf nations have some of the largest

COP26 is coming to a close, and the magnitude of the task we face is daunting. It is easy to be cynical in the face of exponentially rising emissions: to conclude that short-termist politicians with weak mandates will never be able to reverse trends like that, so we might as well give up on trying to find a collective solution. That conclusion is wrong. The chart below shows the number of crimes recorded in the UK. In 1992, it would have been easy to conclude that rising crime was an inexorable feature of advanced economies, rising as there was more

India’s 2070 net zero commitment at COP26 last week, along with its promise to increase its use of renewable energy in the coming decade, was widely praised. As the world’s third largest emitter of CO2, India’s success, or failure, to meet these targets will have big implications on the effort to limit global warming to +1.5°C above pre-industrial levels. The country’s GDP per capita has grown faster than CO2 emissions per capita in recent years but achieving its targets will require the latter to fall, while the country continues to grow. This means that India will need to leapfrog certain

Refresh this chart in your browser | Edit the chart in Datastream In the week prior to the UK hosting the UN climate conference COP26, perhaps the last good opportunity to deliver tangible actions to achieve the Paris climate goal of limiting global warming to 1.5oC above pre-industrial levels, UK chancellor Rishi Sunak unveiled a budget which included several measures which run directly counter to that green agenda. Fuel duty has been frozen since 2011 and he announced that it will remain frozen for another financial year, effectively cutting duties in real terms. This is despite the sale of petrol and diesel

The UN’s upcoming climate conference, COP26, has been billed by many as the world’s last chance to agree the ambitious commitments required to limit global warming to +1.5°C above pre-industrial levels, the temperature increase which scientists agree would avoid the worst effects of climate change. Doing so will require deep cuts to global CO2 emissions, starting now, as highlighted by the chart below. Refresh this chart in your browser | Edit the chart in Datastream   Refresh this chart in your browser | Edit the chart in Datastream Want more charts and analysis? Access a pre-built library of charts built by Fathom Consulting via Datastream Chartbook in Refinitiv

The 2021 United Nations Climate Change Conference (COP26) is scheduled to take place from Oct. 31 to Nov. 12 in Glasgow, Scotland. Therefore, we take a closer look at carbon emission levels within the United Kingdom. For this analysis, we look at Refinitiv ESG data for the current constituents of the FTSE 350 index (as of Sep. 30), which comprises the largest U.K. publicly listed companies by market capitalization and is home to many of the largest commodity companies globally. Using Refinitiv ESG data, we can extract the total Carbon Dioxide Equivalent Emissions (will be referred to as CO2) as

The speed and ambition shown by the European Union in changing its climate policy will have far-reaching economic, financial and geopolitical consequences, starting with a shift in energy demand from fossil fuels to renewables. These are not long-term developments; they are unfolding right now. The EU’s announcement of its Green Deal in December 2019 was a watershed moment in the effort to mitigate global warming. The EU pledged to reduce its emissions to 40% of their 1990 levels by 2030, which was later revised to 55% in 2020, and a longer-term goal of net zero emissions by 2050. Refresh this