Our Climate Progress Dashboard provides an objective measure of the progress being made to limit the rise in global temperatures to the 2°C that global leaders deem to be safe. Our unique dashboard shows that global temperatures are actually on course to rise by up to 4°C, which is double the global target.
In December 2015, global leaders met to sign the Paris Agreement, committing to limiting the rise in global temperatures to 2°C.
Meeting the challenge will require significant changes spanning political action, business & investment, technology development and fossil fuel use. We developed the Climate Progress Dashboard in 2017 to measure the progress being made in each of these four categories. We do this by monitoring a total of 12 individual indicators (3 in each category).
Based on the progress being made, each of the 12 indicators show the long-term temperature rise the world is on course for.
The data we use to arrive at each indicator’s temperature rise can be found by clicking on the relevant square.
As an example, meeting long-term climate commitments will probably require a significant rise in electric vehicle use.
So we track the progress being made in this area by comparing the global stock of plug-in electric vehicles (EVs) to projections that the International Energy Agency has made for electric vehicle use under different temperature scenarios.
The green line shows us that, in order to reach the 2 degree target, global electric car stock would need to be around 60 million in 2025; or 10 million at the end of 2018.
The blue line shows us that the actual stock at the end of 2018 is 5 million; which trajectory puts us closer to the four degree line in orange.
If this trend continues, use of electric cars will be growing in line with what we’d expect to see in a world in which long-run temperatures rise around 3.4°C.
The dashboard does not tell investors to buy or sell different companies; instead, it tells them how urgently they should be looking at climate change as a current investment risk and how that risk changes over time.
The dashboard is just part of a solution to help investors build portfolios that are prepared for the changes ahead. It answers the “when does climate change impact valuations” questions, rather than the “what should investors do” question, on which some of the team’s other research focuses (Carbon Value at Risk, Physical Risks and Fossil Fuels).