Pricewaterhouse Coopers Report Released: Too Late For Two Degrees? Low Carbon Economy Index 2012

Recently, Pricewaterhouse Coopers LLP a United Kingdom based multinational professional service accountancy firm released a report titled,  Too Late For Two Degrees? Low Carbon Economy Index 2012(2012). According to the16-page report available here,

Low Carbon Economy Index evaluates the rate of decarbonisation of the global economy that is needed to limit warming to 2^oC. This report shows that global carbon intensity decreased between 2000 and 2011 by around 0.8% a year. In 2011, carbon intensity decreased by 0.7%. The global economy now needs to cut carbon intensity by 5.1% every year from now to 2050. Keeping to the 2^oC carbon budget will require sustained and unprecedented reductions over four decades.

Governments’ ambitions to limit warming to 2^oC appear highly unrealistic.