Youtube an inconvenient truth9/23/2023 ![]() Belatedly, the lucky country has pledged to achieve net zero carbon emissions by 2050 but it promises to do so without either ending its reliance on fossil fuels or beefing up its reduction targets for 2030. Can we have our cake and eat it? The answer, obviously, is no but this is nevertheless the approach being taken by Australia this week. To achieve those targets, we, and crucially we as investors, need to address a set of inconvenient questions. Reduce emissions by 45% by 2030, keep average temperatures less than 1.5 degrees above pre-industrial levels and achieve net zero by 2050. And as we approach the COP-26 climate summit in Glasgow this weekend, we also know what to do about it. It would be great if human activity were not the cause of potentially irreversible damage to our planet. Climate change remains ‘An Inconvenient Truth’. Perhaps the most powerful thing about Al Gore’s 2006 documentary about global warming was its title.
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