With recent divestment announcements from the New York City pension fund and permit cancellations for the Keystone XL pipeline, we continue to see the drive toward a lower carbon future gain momentum. At this writing, some 125 countries, including half the G20, have now committed to achieving “net-zero” emissions by 2050 — meaning that any carbon emissions would be balanced by absorbing an equivalent amount from the atmosphere. Relatedly, a large number of organizations support the climate-related reporting framework proposed by the Task Force on Climate-related Financial Disclosures. This framework is endorsed by over 1,500 organizations globally, including more than 1,340 companies with a market capitalization of $12.6 trillion and financial institutions responsible for assets of $150 trillion.
While many agree on the long-term goal of reducing greenhouse gas emissions, our society faces the challenge of how to accomplish this while still meeting the world’s rapidly