COP29: Is World Close to Hitting Climate Change Goals by 2030?

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 In just over five years, the world will arrive at its first major checkpoint on climate action: a 2030 deadline to meet a series of green targets aimed at avoiding the most devastating impacts of global warming. These goals, set by governments, Wall Street, Big Tech and major polluting companies, are intended to put the global economy on a path to finally start reducing the amount of greenhouse gases accumulating in the atmosphere. Yet, far from being in retreat, carbon dioxide emissions hit a new record last year. That means the world faces a steeper, far costlier and more disruptive journey to reach net zero by 2050. And that was before the re-election of Donald Trump. With a second term in the White House running until 202

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• Mehar Poreddy