Memo  Climate scenarios: 5 traps to avoid to keep global warming under 1.5C

The document warns that many climate scenarios used by corporations and financial players to claim alignment with the Paris Agreement actually lead to warming exceeding 1.5°C, acting as 'greenwashing tools'. It identifies five main traps in these scenarios, alongside a sixth: the continued protection of the fossil fuel sector. The author urges actors to demand robust 1.5°C scenarios from agencies like the IEA and calls for financial players to phase out fossil fuels by 2040 in Europe and 2050 elsewhere for gas and oil, and ten years earlier for coal.

• Many climate scenarios used by large companies and financial institutions to justify their strategies are lacking in ambition or short-sighted, leading to global warming that significantly exceeds the 1.5°C limit and serving as tools for greenwashing.
• A critical issue in current climate scenarios is the continued protection of the fossil fuel industry, with many scenarios forecasting massive investments and keeping fossil fuels central to energy systems beyond 2040-2050 despite the necessity of production reductions for 1.5°C or 2°C trajectories.
• Financial players are urged to stop financing new fossil fuel projects and to commit to a total phase-out of fossil fuels: by 2040 at the latest in Europe and 2050 elsewhere for oil and gas, with coal phased out ten years prior to those dates.

APA

admin (2020). Memo  Climate scenarios: 5 traps to avoid to keep global warming under 1.5C. Reclaim Finance. https://reclaimfinance.org/site/en/2020/10/06/memo-climate-scenarios-5-traps-to-avoid-to-keep-global-warming-under-1-5c/

Chicago

admin. Memo  Climate scenarios: 5 traps to avoid to keep global warming under 1.5C. Reclaim Finance, 2020. https://reclaimfinance.org/site/en/2020/10/06/memo-climate-scenarios-5-traps-to-avoid-to-keep-global-warming-under-1-5c/.

Wikipedia

{{cite report |last1=admin |title=Memo  Climate scenarios: 5 traps to avoid to keep global warming under 1.5C |publisher=Reclaim Finance |date=6 October 2020 |url=https://reclaimfinance.org/site/en/2020/10/06/memo-climate-scenarios-5-traps-to-avoid-to-keep-global-warming-under-1-5c/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{admin2020memo, author = {admin}, title = {{Memo  Climate scenarios: 5 traps to avoid to keep global warming under 1.5C}}, institution = {Reclaim Finance}, year = {2020}, month = oct, url = {https://reclaimfinance.org/site/en/2020/10/06/memo-climate-scenarios-5-traps-to-avoid-to-keep-global-warming-under-1-5c/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }