Policy Developments Consistent with 1.8°C Outcome

Over half of over 100 climate policy developments assessed between November 2021 and April 2022 are consistent with a 1.8°C global warming outcome. This is according to the new 2022 Quarterly Forecast Tracker (QFT), launched by the Inevitable Policy Response (IPR), a climate transition forecasting consortium commissioned by the UN-convened Principles for Responsible Investment (PRI). The QFT aims to provide investors with a quarterly assessment of relevant and credible climate developments against both the IPR’s 1.8°C Forecast Policy Scenario and 1.5°C Required Policy Scenario. While 53 climate policies were consistent with 1.8°C, just five indicated a “slight acceleration towards a 1.5°C outcome”, the report said. David Atkin, PRI CEO, said: “The QFT is a new stage in the IPR mission to provide investors with a credible platform on which to assess the pace of climate policy and real economy acceleration. By measuring these issues against long term forecasts linked to temperature outcomes, investors are best placed to adjust their climate alignment, transition investment, risk and net zero strategies accordingly.” 

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