Graeme Baker, co-Portfolio Manager of Ninety One Global Environment Fund comments on the UN’s latest IPCC Report.
“The UN IPCC’s Sixth Assessment Report confirms with science what we have all feared to be true – that humanity has had an “unequivocal” influence on global warming and that widespread and rapid changes to the climate system have already begun. Every 0.1 degree of warming matters, unless urgent action is taken to decarbonise our global economy, global warming of 1.5C and even 2C (vs pre-industrial levels) will be exceeded in the current century.
“We hope the alarming findings of the report will galvanise far quicker political action, and leave the investment industry in no doubt that understanding how the flow of capital can help solve the climate crisis will be the single most important action of our generation.”
