• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026
Environmentclimate change

World’s top climate scientists issue blunt warning: Our chance to avoid the most severe impacts is fast moving out of reach

By
Eric Roston
Eric Roston
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Eric Roston
Eric Roston
and
Bloomberg
Bloomberg
Down Arrow Button Icon
March 20, 2023, 9:29 AM ET
UN Secretary General Antonio Guterres speaks
UN Secretary General Antonio Guterres speaks.STR/NurPhoto/Getty Images
Add Fortune on Google for similar content.

The report published today by the world’s leading climate science body, the UN Intergovernmental Panel on Climate Change, summarizes the panel’s output over the past five years, amounting to some 10,000 pages of dense scientific prose. This synthesis is succinct at 37 pages, and its message is blunt: Burning fossil fuels is threatening human well-being and the stability of much of life on Earth, and our chance to avoid the most severe impacts is fast moving out of reach. 

“This report is a clarion call to massively fast-track climate efforts by every country and every sector and on every timeframe,” said UN Secretary General António Guterres in a statement on the report’s release. “In short, our world needs climate action on all fronts — everything, everywhere, all at once.” 

The report underscores a handful of points about climate change and its impacts: 

  • Greenhouse gas emissions generated by human activity have unequivocally caused global warming, and emissions have continued to rise, with some countries and groups contributing far more than others.
  • The world must cut greenhouse gas emissions to 60% below 2019 levels by 2035.
  • “Widespread and rapid” changes to planetary systems have already taken place, their impacts disproportionately affecting the world’s at-risk populations. More than 3 billion people are highly vulnerable to climate change.
  • Climate adaptation has advanced, but not enough. Current levels of funding are insufficient. Increased warming will make adaptation harder.
  • Although policies to mitigate climate change have expanded, it’s likely that the world will exceed 1.5C of warming “in the near term.” Limiting warming to 1.5C or 2C will require deep emissions cuts across the economy this decade. If the world overshoots 1.5C, that level could be brought down again by ending emissions and deploying carbon removal, but carbon removal brings additional concerns. Emissions must peak before 2025 for a 50% chance to hit 1.5C with little or no overshoot.
  • Climate-related risks are rising with every increment of warming. “Deep, rapid and sustained” emissions cuts can avoid some future changes, but not others. 

The IPCC’s sixth cycle of publication began in 2018. Global emissions have not fallen but continued to rise since then, necessitating more drastic and immediate steps to curtail them. Reaching net zero emissions soon is critical. 

The addition of a 60% greenhouse gas emissions reduction target for 2035 adds important granularity to the race toward net-zero emissions in 2050. Previously stated emissions reduction targets focused on the ends of decades: 2030, 2040 and 2050. This creates a concrete end point for the next round of 10-year climate pledges that countries will make in 2025. 

Projected emissions from existing fossil fuel infrastructure, without reducing greenhouse gases through technologies such as carbon capture and storage, would exceed the carbon budget we have left to stay below the Paris Agreement’s 1.5C limit, the report notes. 

Meanwhile, the world’s top two annual emitters are still expanding that infrastructure: China approved more coal projects than other nations combined in 2022 while the US just approved a new oil drilling project in Alaska. The US is the largest historical emitter. 

And climate risks have only escalated. “Evidence of observed changes in extremes such as heatwaves, heavy precipitation, droughts, and tropical cyclones, and, in particular, their attribution to human influence, has further strengthened” since the fifth IPCC cycle that ended in 2014, the scientists write. 

More frequent and more extreme heat is taking lives on every inhabited continent. Floods — like those that displaced millions in Pakistan last year — along with wildfires and other disasters are forcing people from their homes all over the world. Sea levels rose 0.2 meters between 1901 and 2018, and will rise for centuries or millennia more as heat reaches the depths and ice sheets continue to melt.

Foregrounding the issue of climate justice, the scientists emphasize that less developed countries are hit hardest. For 30 years, some developing nations have promoted the idea of rich countries funding their recovery from climate-related disasters they had little part in causing. Last year at the COP27 summit, the so-called “loss and damage” debate went from the third-rail of climate politics to a preliminary agreement on climate aid. 

Nations aren’t powerless to limit future destruction: “Feasible, effective, and low-cost options for mitigation and adaptation are already available, with differences across systems and regions.” Solar and wind energy, electric vehicles and green urban infrastructure bring additional benefits such as lower levels of air pollution. Climate adaptation has the potential to increase food security and biodiversity conservation. 

Guterres called on developed countries to accelerate their plans, moving their 2050 pledges to end emissions up to 2040. As a part of that, he wants no new coal plants by 2030, an end to coal in rich countries that same year, an end to them everywhere by 2040 and “ceasing all licensing and funding of new oil and gas,” based on International Energy Agency findings. 

“The transition must cover the entire economy,” he said. “Partial pledges won’t cut it.” 

In a departure from synthesis reports released in past cycles, this one has a section devoted to urgency. The world’s preeminent scientists and representatives from 195 countries agreed to every word of the following statement:

“The choices and actions implemented in this decade will have impacts now and for thousands of years.” 

Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. Sign up today.
About the Authors
By Eric Roston
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

t
PoliticsWhite House
A truck-bed coating company, a UFC birthday party, and an algae bloom: Inside Trump’s $14 million Reflecting Pool fiasco
By Nick LichtenbergJuly 2, 2026
2 hours ago
t
CommentaryMedia
Netflix could turn NBC into its biggest bet yet — and this time, the math actually works
By Jeffrey Sonnenfeld and Steven TianJune 30, 2026
2 days ago
heat
EnvironmentHeat
America’s getting a heat dome for July 4th — it won’t kill you at 2pm but might at 2am
By Alexa St. John and The Associated PressJune 30, 2026
2 days ago
Photo of a clouded leopard cub
EnvironmentData centers
America’s AI hunger has reached the Nashville Zoo, and its endangered animals may be the ones to pay the price
By Marco Quiroz-GutierrezJune 30, 2026
2 days ago
ac
Commentaryclimate change
Top climate tech exec: Europe is sweating through a heat crisis America solved decades ago
By Taco EngelaarJune 30, 2026
2 days ago
Should you go to work during a heat wave? Your productivity suffers, and GDP tanks when it’s hot
Environmentclimate change
Should you go to work during a heat wave? Your productivity suffers, and GDP tanks when it’s hot
By Catherina GioinoJune 30, 2026
2 days ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
1 day ago
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
Politics
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
By Sasha RogelbergJuly 1, 2026
23 hours ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 days ago
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
Success
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
By Emma BurleighJuly 1, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.