Menu
Menu
An Unparalleled Network of Influence and Impact
Menu
ESG Anaylst
It has been estimated that there is now a 66% chance we will pass the 1.5°C global warming between now and 2027. Last year this had increased to 50%, with this year’s increase scientists believe that it is “more likely than not” that we will exceed 1.5C. Hitting the 1.5°C thresholds would mean the world is 1.5°C warmer than pre-industrial levels, around the second half of the 19th Century.
In 2016, the warmest year on record, global temperatures were 1.28C above the pre-industrial figure. The next several years are predicted to exceed this, firstly due to the increasing temperatures due to continued anthropogenic pressures associated with climate change, and secondly, due to the weather patterns linked to an El Niño event.
The last three years have predominantly been La Niña years, which has likely damped the effects of climate change. However, the next several years could see this reverse to El Niño conditions. An El Niño event refer to conditions in which there are unusually warm surface waters in the eastern Pacific Ocean. This impacts ocean currents and significantly changes weather patternsand global temperatures.
An El Niño event is forecast to develop in the coming months, after the La Niña ended in March 2023. Typically, the effects of an El Niño increases global temperatures following the year it develops, in this instance 2024. Whilst this can be predicted, the full magnitude of the event cannot be predicted, or when subsequent events will occur. Due to this, WMO Secretary-General, Prof. Petteri Taalas warned, “it could be in three or four years from now we get to two and a half degree El Niño and that might be the one that does it,” in terms of pushing us over the 1.5°C threshold.
The WMO found a 98% chance that one of the next five years will be the hottest on record, previously this was in 2016, which saw global temperatures 1.3C above preindustrial levels.
Just a year of warming at 1.5°C would offer an insight into the future if this threshold were to be maintained for years to come. Breaching this threshold for even just one year would indicate that global warming is speeding up rather than slowing down. Long-term, this would result in catastrophic weather conditions – and if emissions are not cut sharply thereafter, potentially exceeding the 2015 Paris Agreement. This does not mean that the world would remain at this level forever, but it would offer a worrying glimpse of what crossing this temperature long-term, would mean for the planet.
To read the full report from the WMO, visit; https://public.wmo.int/en/media/press-release/global-temperatures-set-reach-new-records-next-five-years
Georgina Murrin is a Sustainability Analyst in Itriom’s London Office.
Itriom is the global impact platform helping leading families shape a better world. Itriom’s platform enables families to refresh and redesign their values, aligns them with the right UN Sustainable Development Goals, combining them in an agreed purpose and a Family Impact Charter. Itriom’s platform supports the development of impact initiatives and whilst providing discrete and secure spaces for peer-to-peer messaging and collaboration. Itriom’s core practices in Leadership, Geostrategy, and Sustainability benefit clients by developing strategies to engage and support the Next Generation in building a lasting legacy of which families can be proud.
itriom.com
enquiries@itriom.com
T: +44 (0)203 198 2277
© 2023 Itriom Limited. All rights reserved. Republication or redistribution of Itriom’s content, including by framing or similar means, is prohibited without the prior written consent of Itriom Limited. This material is provided for informational purposes only.
© 2023 Itriom Limited. Company Registration Number 134815 Jersey Financial Services Commission. Registered Office 9 Bond Street, St Helier, Jersey, JE2 3NP
ESG Consultant
Alizah is an ESG Consultant and researcher. She supports Itriom developing sustainability related products and services, helping our clients identify potential opportunities for creating positive environmental, social and sustainable impact.
ESG Analyst
Georgie is an ESG Analyst and researcher. She researches trends, develops insights and reports, and writes insight articles on sustainability and ESG related topics to ensure Itriom’s clients are up to date on the latest policy, progress and initiatives to inform the platform and help our clients maximise their positive impact.
Senior Partner
Practice Leader – Leadership & Resilience
Renowned family office thought leader, Tim works with UHNW families to ensure they are fully equipped to deliver their legacies inter-generationally and effectively.
Associate Partner
Practice Leader – Sustainability
Dr. Herb creates methodologies and frameworks for managing, measuring and assessing sustainability performance. His work identifies where maximum impact can be made.
Senior Partner
Practice Leader – Geostrategy
Simon harnesses research, liaison and networks globally to identify opportunities for Itriom, building the knowledge needed to deliver intergeneration legacies for UHNW families.
Managing Partner
Practice Leader – Strategy