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2021 was one of the warmest years on record – and the seventh consecutive year when the global temperature has been more than 1°C above pre-industrial levels. This is worryingly close to the cap envisaged by the 2015 Paris Agreement, to limit global warming to +2°C (but ideally +1.5°C) above pre-industrial levels. All the evidence suggests the reason we have edged ever closer to that proposed limit is the high and growing levels of carbon dioxide in the earth’s atmosphere.

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Building blocks for a low carbon economy: a guide for climate-aware investors – AXA Investment Managers

Carbon offsetting, carbon pricing and carbon taxes can all play a part in the energy transition but much more needs to be done

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