In 28 years, just 25 corporate and state entities accounted for more than half (51%) of global industrial emissions. A study shows that a collective of only 100 companies is capable of accounting for more than 71% of greenhouse gas emissions since 1988. According to The Carbon Majors Report, if the trend in fossil fuel extraction continues at this rate over the next 28 years, global average temperatures could rise by around 7.2 ° F by the end of the century.
The study points out that the fossil fuel industry has doubled its contribution to global warming – generated 923 billion tons of carbon dioxide emissions since 1988 – emitting as much greenhouse gas in 28 years as in the 237 years between 1988 and the birth of the industrial revolution. Only 25 corporate and state entities account for more than half of global industrial emissions, 51%.
The report unmasked the culprits: he presented a list of 100 names. It is those responsible who are at the forefront of the companies producing fossil fuels that emit the most gases in the world. The activist Debora Braga believes that the disclosure of this report should generate a significant responsibility on these organizations.
“They need to review their policies. The profits of these large industries should have greater application in actions that help to reverse this environmental wear and tear. It is true that the fossil fuels industry will not go under, but it is increasingly necessary to redirect the resources collected at the expense of the planet, to be applied to environmental recovery,” Debora says.
A fifth of global industrial emissions of greenhouse gases is supported by public investments, according to the report. One of the strategies of global activists is to encourage disinvestment in fossil fuels. In 2015, the fossil fuels disinvestment campaign hit a record: more than 500 institutions – accounting for about $ 3.4 trillion in assets – made some sort of commitment according to 350.org and Divest-Invest, two organizations that are coordinating this movement.
“The disinvestment has already become a global action, the aim being to curb investments in corporations that compromise the quality of life on the planet and finance negative climate change.” Last year, Ireland became the first country to divest in fossil fuels, that’s groundbreaking and we hope it will encourage other nations,” explains Debora.
To limit the use of fossil fuels, several countries have already committed to adopt other sources of energy. “The ideal world would be where the use of renewable energy technology would surpass coal, oil and natural gas. Humanity needs to move towards solutions, as problems are bringing deadly consequences,” says Debora.
Debora Braga, 57, is from São Paulo. A Montessorian Teacher, Pedagogue and human rights activist. She has extensive experience as a social activist and educator. She maintains social projects in the most remote regions of Brazil and Colombia. Speaks French, German, English, Spanish and Portuguese. She has international experience in the area of Nonprofit Organizations for assistance and restoration of human rights.