Photo: Fabrice Coffrini/AFP via Getty Images

Swedish climate activist Greta Thunberg warned world leaders Tuesday at the World Economic Forum in Davos, Switzerland, that time is running out to address climate change by reducing carbon emissions.

Why it matters: She cited a 2018 report from the International Panel on Climate Change that estimates that carbon emissions would need to be cut significantly in the years ahead to limit global warming to 1.5°C (2.7°F) relative to preindustrial levels.

What she's saying: "With today’s emissions levels, the remaining budget is gone in less than eight years. These aren’t anyone’s views. This is the science."

  • "I know you don’t want to talk about this," she said, adding that she has "been repeating these numbers at nearly every speech I’ve given for the last 18 months."
  • "Please note that these figures are global and, therefore, do not say anything about about the aspect of equity, which is absolutely necessary to make the Paris agreement work on a global scale."
  • "[I]f you see it from another perspective, pretty much nothing has been done since the global emissions of carbon dioxide [have] not reduced. That, of course, is what we are trying to achieve among other things."

Go deeper: Greta Thunberg is Time's 2019 Person of the Year

Go deeper

Updated 22 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 33,138,963 — Total deaths: 998,380 — Total recoveries: 22,953,639Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 7,116,455 — Total deaths: 204,762 — Total recoveries: 2,766,280 — Total tests: 101,298,794Map.
  3. States: 3 states set single-day coronavirus case records last week
  4. Health: The childless vaccine — Why kids get less severe coronavirus infections.
  5. World: India the second country after U.S. to hit 6 million cases
32 mins ago - Technology

Exclusive: Where Trump and Biden stand on tech issues

Photo illustration: Aïda Amer/Axios. Getty Images photos: Win McNamee and Saul Loeb/AFP

Joe Biden has laid out a more concrete tech agenda whereas President Trump has focused on tax cuts and deregulation while criticizing tech firms for anti-conservative bias. That's according to a side-by-side analysis of the two candidates' tech records by the Information Technology & Innovation Foundation shared exclusively with Axios.

Why it matters: The tech industry needs to prepare for either four more years of Trump's impulsive policy approach or for a Biden administration that's likely to be critical of tech but slow to take action.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Big Tech's share of the S&P 500 reached record level in August

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Reproduced from The Leuthold Group; Chart: Axios Visuals

The gap between the weighting of the five largest companies in the S&P 500 and the 300 smallest rose to the highest ever at the end of August, according to data from the Leuthold Group.

Why it matters: The concentration of wealth in a few massive U.S. tech companies has reached a scale significantly greater than it was before the dot-com bubble burst.