Carbon capture and storage has been hailed as a potential way to reduce emissions, but it is more likely to increase them by boosting oil and gas extraction. The cheaper and more effective solution is to move to cleaner forms of energy.
Zero-emissions vehicles would need to hit 73 per cent of new light vehicle sales by 2030 to keep transport emissions aligned to limiting warming to 1.5 degrees.
COP28 in Dubai ended with the landmark UAE consensus, an unprecedented agreement to transition from all fossil fuels. The signals for action are clear, but what steps should Middle Eastern businesses take?
Limiting global warming is a matter of social justice, human rights and long-term development, and this imperative remains even if we cross the 1.5°C threshold. The 1.5°C target remains relevant.