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Breakingviews - Glencore deal epitomises net zero's reduced status
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The world is getting hotter, but when it comes to achieving net zero investors are cooling. In November 2021 many large corporations gathering at the COP26 climate summit in Glasgow committed to decarbonising their operations by 2050 in an attempt to limit global warming to 1.5 degrees Celsius above pre-industrial levels. Less than two years on, despite the world hitting its highest-ever average temperature, the pressure is off.
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