Following the international Paris Agreement to limit global temperature increases, companies have rushed to make pledges to cut their carbon emissions. But are those companies following through on their commitments to become “Paris compliant”?
Researchers from Princeton University, The University of Queensland, Oxford University, and the Climate Accountability Institute have developed a method to track fossil fuel producers’ progress against several emissions reduction pathways.
The researchers found that under some scenarios over 60% of the top 142 oil, gas, and coal companies are not aligned with targets to limit global warming to within 1.5 degrees Celsius. The details of their methodology were published on August 14 in Nature Climate Change.