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CLIMATE PROMISES BY BUSINESSES FACE NEW SCRUTINY


EMISSIONS PLEDGES FROM U.N. GLASGOW CONFERENCE WILL BE CLOSELY WATCHED

How Much Would It Cost to Reduce Global Warming? $131 Trillion Is One Answer
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How Much Would It Cost to Reduce Global Warming? $131 Trillion Is One AnswerPlay
video: How Much Would It Cost to Reduce Global Warming? $131 Trillion Is One
Answer

Money is a sticking point in climate-change negotiations around the world. As
economists warn that limiting global warming to 1.5 degrees Celsius will cost
many more trillions than anticipated, WSJ looks at how the funds could be spent,
and who would pay. Illustration: Preston Jessee/WSJ
By Jean Eaglesham
Nov. 5, 2021 5:30 am ET

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The United Nations conference on climate change in Glasgow has been full of
promises by companies to reduce their carbon emissions. How many will live up to
them and how will anyone know if they are complying?

A sampling of new commitments includes United Airlines Holdings Inc., which says
it will replace 5% of its jet fuel with biofuel alternatives by 2030, and more
than 450 banks and other financial firms who say they are shifting their
businesses toward clean energy. Dozens of other businesses talked up their
climate plans.

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