Goldman Sachs: Carbon Offset Markets Are About To Take Off ...Middle East

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Goldman Sachs: Carbon Offset Markets Are About To Take Off
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Last year, the Intergovernmental Panel on Climate Change (IPCC) published a report that global financial flows into climate solutions are currently 3-6x lower than the levels required for the world to meet its climate goals by 2030. According to the IPCC, the planet needs to cut annual greenhouse gas emissions by 29-32 gigatonnes, or 45%, of equivalent carbon dioxide (CO2e) by 2030 if it’s to keep average global temperature rise less than 1.5°C above pre-industrial levels. Luckily, climate experts are now predicting that one segment of…

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