National climate action plans remain insufficient to limit global temperature rise to 1.5 degrees Celsius and meet the goals of the Paris Agreement.

That's according to the latest report from the UN.

Even with increased efforts by some countries, the report shows much more action is needed now to bend the world’s emissions trajectory further downward and avoid the worst impacts of climate change.

Timely that in the same week - KPMG released its 2023 Net Zero Readiness Report.

The report highlighted that Governments and industry must deliver transformative change on net zero but are currently hamstrung by significant barriers, including global public debt, domestic tensions, increased opposition to decarbonization plans, and the need to guarantee energy supply.

Rachel Kelly speaks with Sharad Somani, Head of Infrastructure for KPMG Asia Pacific and Head of KPMG ESG at KPMG in Singapore.

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