Low carbon economy index 2014: two degrees of separation - ambition and reality

PwC analysis of economic growth rates and greenhouse gas emissions data for G20 economies. PwC’s climate change analysts estimate global economies need to cut their energy related carbon emissions for every $ of GDP by 6.2% every year from now to 2100. That’s more than five times the rate currently achieved. The reduction target is an estimate of how much countries need to reduce their energy related emissions by, while growing their economy, in order to limit global warming to 2°C. 2°C of warming is the limit scientists agree is needed to ensuring the serious risks of runaway climate change impacts are avoided. For the sixth successive year of PwC analysis, the Low Carbon Economy Index, 2 degrees of separation – ambition & reality finds that the global carbon intensity (greenhouse gas emissions per $GDP) reduction target has been missed. The gap between what countries are doing and what’s needed continues to grow.