A new report ‘Catalyst for change’ analyses 22 of the largest global chemical companies with a total market capitalization of US$650 billion and responsible for a quarter of all emissions of the sector at 276 million metric tonnes of CO2 emissions per year. The report reveals that the chemicals sector is making progress on climate risk but that rapid process innovations will be required in order for them to have any chance of aligning with the below 2-degree goal set out by the Paris agreement.

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