KPMG comments on the IPCC’s Sixth Assessment Synthesis Report
Stuart Bruce, Director in Climate Risk & Strategy at KPMG in the UK comments on the completion of the IPCC’s Sixth Assessment (AR6)
Stuart Bruce, Director in Climate Risk & Strategy at KPMG in the UK comments on the comple
Commenting on the completion of the IPCC’s Sixth Assessment (AR6) with the release of its Synthesis Report today, Stuart Bruce, Director in Climate Risk & Strategy at KPMG in the UK, said:
“AR6 is the first comprehensive report since the Paris Agreement, and the last before the global stocktake concludes at COP28. It comes at a critical time as countries around the world, and thousands of communities, battle with the impacts of climate change and need to transition to a better future.
“Although the science has long been irrefutable, the message from the IPCC is crystal clear: our time to ignore climate change is up. This report is an urgent call to action. By the time the next IPCC report is issued in around 2030, limiting warming to 1.5C may be impossible. Rapid, deep and equitable decarbonisation is essential across all aspects of society if we are to avert the worst impacts of climate change, some of which are already starting to materialise.
“Businesses have a pivotal role to play in addressing climate change, and not only because it’s the right thing to do. It makes economic and reputational sense, and the businesses that are already investing in climate mitigation and adaptation stand to benefit substantially. The costs to respond to future climate impacts will far outweigh the current investment needed to reach Net Zero, develop climate resilience and create business models that thrive in the low carbon economy.”
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