On Saturday afternoon, a giant clock began counting down in NYC’s Union Square, but it wasn’t Mayor de Blasio jumping the gun on New Year’s. The Climate Clock shows how long humans have, based on current emissions rates, before depleting Earth’s “carbon budget” and sending temperatures rising past the critical 1.5℃ threshold.
The activists who installed it aren’t the only ones worried about a ticking time bomb. At yesterday’s virtual UN General Assembly, China pledged to go carbon neutral by 2060.
- President Xi Jinping wants emissions to peak before the decade’s up. However, as the world’s biggest polluter, China will have to drastically cut emissions to reach net-zero.
On the corporate side…big names including Walmart, Morgan Stanley, Google, and Amazon have made big sustainability promises ahead of Climate Week NYC this week. Compared to years past, these promises look less like marketing pamphlets and more like to-do lists, Axios’s Ben Geman writes.
BP, for example, is pledging to significantly cut oil production in the next 10 years as part of its broader shift away from fossil fuels. And Walmart is planning to zero out operational emissions without buying carbon offsets.
Via Morning Brew