Time is running out for climate action: Arvind Chari

(Arvind Chari is the Chief Investment Officer at Quantum Advisors. This opinion piece appeared in Bloomberg Quint’s June 26 edition.)

  • The World Metrological Organisation warned in May 2021 that there is about a 40% chance of the annual average global temperature temporarily reaching 1.5 degrees Celsius (1.5°C) above the pre-industrial level in at least one of the next five years. This 1.5°C above the pre-industrial level is crucial as it is the baseline lower target of the Paris Agreement on Climate Change. That the world will reach its warmest year between 2021-2025 is yet another reminder to move faster towards achieving the commitments made and to improve upon them to move to Net-Zero …

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