LGIM’s climate modelling shows ‘point of no return’ in 2025
Cost of limiting global warming to 1.5°C will become too great for economy within 36 months
Greenhouse gas emissions must drop by the middle of this decade to stand any chance of limiting global warming to 1.5°C above pre-industrial levels, according to the head of climate solutions at the UK’s largest investment manager.
“We are 36 months away from the point of no return,” Legal & General Investment Management’s (LGIM) Nick Stansbury told a panel at the Risk Live Europe conference today (June 28).
“Every year increases the slope of the line. The steeper the line, the greater the
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