Just 57 companies and nation states were responsible for generating 80% of the world's CO₂ emissions from fossil fuels and cement over the last seven years, according to a new report released by the thinktank InfluenceMap.
Only 57 producers are responsible for 80% of all fossil fuel and cement CO₂ emissions since 2016: Report
The troubling reality is that the lack of progress of these large fossil fuel companies means the world will need to undertake ever more stringent and steep decarbonization trajectories if countries are to meet the Paris agreement goal of keeping warming well below 2°C. Fortunately, more transparency will be available for investor-owned companies. In 2023, a non-profit that aims to standardize global accounting, the International Financial Reporting Standards Foundation, released new. These should provide investors, politicians and the public with access to more transparent and consistent data, making it much easier for them to accurately judge companies' climate performance—or lack thereof.
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