The Paris Agreement was signed in 2015 with the aim of keeping global warming well below 2°C, and pursuing efforts to limit it to 1.5°C. This goal was set to avoid the worst impacts of climate change, such as extreme weather events, sea-level rise, and food and water shortages. In 2018, the Intergovernmental Panel on Climate Change released a report which concluded that achieving this pathway will require all countries to reach “net zero” carbon emissions by 2050. Measurement, reporting, and verification (MRV) of GHG emissions are crucial for tracking progress towards emissions reduction goals and ensuring that emissions reductions are real, measurable, and verifiable. MRV can also provide critical information to policymakers and stakeholders to guide the development of effective policies and programs to reduce emissions.
Limiting global warming to 1.5°C by 2100 requires swift action and a monumental transformation of the ways we live and work.
In this article, we will delve into what the 1.5° by 2100 pathway means, and how companies can align their climate action towards achieving this goal with science-backed targets. We also explore the ways companies can take charge of their progress towards these targets by utilising MRV and technological innovations to their full potential.