New analysis emphasises the need for ambitious emissions cuts from countries.
New analysis emphasises the need for ambitious emissions cuts from countries. Half of the largest cities on the planet will be at risk of one or more climate hazards by 2050, according to the latest report from the London Stock Exchange Group (LSEG). Floods, heatwaves, cyclones and water stress will increasingly pummel these populous hubs unless greenhouse gas emissions are brought under control. LSEG’s ‘Net Zero Atlas’ report sets out what level of emissions cuts countries should be targeting to avoid such climate catastrophes, ahead of the next round of Nationally Determined Contributions (NDCs) due early next year. “The cities in our study - nerve centres of the world economy that contribute almost 20 per cent of global GDP and are home to 440 million people - are particularly exposed to climate risk,” says LSEG’s global head of sustainable investment research, Jaakko Kooroshy. “Impacts are already beginning to materialise at only 1.3°C of warming.” Those climate impacts were felt on a shocking scale in the Spanish city of Valencia this week, where a year’s worth of rain fell in eight hours on Tuesday - causing deadly floods that have claimed more than 200 lives.
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