Gold and the Net Zero transition –what, why, and how?
By John Mulligan, Director of Market Relations and Climate Change Lead, World Gold Council
The recent climate assessment report from the International Panel on Climate Change (IPCC) was their clearest and most certain statement yet. It describes in remarkable detail the state of our planet and the destructive consequences of human activity that has pumped vast volumes of greenhouse gases (GHGs) into the atmosphere, warming and destabilising the climate to a dangerous level.
The science is now incontrovertible, and also very alarming in its implications. Indeed, some of the damage to the global eco-system is now irreparable, but there is still a chance we can prevent this from being an irreversible trend. The need for mitigating action is, therefore, desperately urgent if disastrous catastrophic climate impacts are to be avoided.
The world must move away from activities and choices that generate high levels of emissions and, first and foremost, it must wean itself off fossil fuels. This is now widely recognised by policy makers and investors across the world, and the direction of travel – towards a...
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