Capital Markets Autumn 2020
I
Emission Reductions Beyond the Election
• The rate of CO 2
emissions is not sustainable in our view
I
• Reducing emissions may provide opportunities in alternative energy sources and in electric vehicles and related products and services
II
CO
Emissions
2
Actual
Needed To Limit Warming
III
45
40
35
30
IV
25
20
15
V
10
Billions of Annual Tonnes
5
0
VI
1850
1857
1864
1871
1878
1885
1892
1899
1906
1913
1920
1927
1934
1941
1948
1955
1962
1969
1976
1983
1990
1997
2004
2011
2018
2026
2033
2040
2047
2054
2061
2068
2075
2082
2089
2096
Source: Robbie Andrews (2019) based on Global Carbon Project & IPPC SR15. Carbon budget based on >66% probability of staying below 2 o C warming, beginning in 2020.
10
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