Environmental Finance: Iceberg Data Lab (IDL) has launched a new dataset assessing the climate and biodiversity impact of 120 countries, focusing on their progress toward Paris Agreement goals. The dataset emphasizes Scope 3 emissions—those from the value chain—showing the wide-ranging effects of carbon-intensive industries.
Analysis revealed that global efforts are insufficient to meet critical targets, with Europe reducing emissions while countries like India and China see sharp increases. Although half of the countries are on track for the Paris goal of limiting global temperature rise to under 2°C, these nations represent only a small portion of global GDP and emissions.
Matthieu Maurin, CEO of Iceberg Data Lab, stressed the need for urgent action, urging nations to turn COP29 discussions into concrete steps and consider the full impact of their industries.
