Current global policy commitments and actions have set the world on track to achieve 1.8°C of global warming by 2050. This is according to the Inevitable Policy Response’s (IPR) latest Quarterly Forecast Tracker, which provides investors with an ongoing assessment of key climate energy, land use and transition policy and technology developments. Since COP26, over 160 relevant policy measures relating to sustainability have been identified and tracked by IPR. Between April and June this year, 36 policy actions were highlighted as “relevant”, with 26 reinforcing the probability of a 1.8°C outcome, five indicating a “slight acceleration” towards 1.5°C , and two suggesting deceleration. For the latter, IPR noted that US Federal climate policy “has somewhat stalled” and action against deforestation in Brazil will be dependent on the outcome of the upcoming election.
The new IPR #QFT Heatmap distills global #climate policy & technology shifts & rates for impact. Quarter 2 sees momentum maintained towards 1.8C #iprforecasts despite slight deceleration in Brazil. Read more: https://t.co/ABMn2JrarK pic.twitter.com/F25PDKvGOF
— Inevitable Policy Response (@InevitablePol_R) July 1, 2022