This Legendary Accounting Firm Just Ran the Numbers on Climate Change

With every year that passes, we're getting further away from averting a human-caused climate disaster. That's the key message in this year's "Low Carbon Economy Index," a report released by the accounting giant PricewaterhouseCoopers.

The report highlights an "unmistakable trend": The world's major economies are increasingly failing to do what's needed to to limit global warming to 3.6 degrees Fahrenheit above preindustrial levels. That was the target agreed to by countries attending the United Nations' 2009 climate summit; it represents an effort to avoid some of the most disastrous consequences of runaway warming, including food security threats, coastal inundation, extreme weather events, ecosystem shifts, and widespread species extinction.

To curtail climate change, individual countries have made a variety of pledges to reduce their share of emissions, but taken together, those promises simply aren't enough. According to the PricewaterhouseCoopers report, "the gap between what we are doing and what we need to do has again grown, for the sixth year running." The report adds that at current rates, we're headed towards 7.2 degrees Fahrenheit of warming by the end of the century—twice the agreed upon rate.

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