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According to the IPCC, the concentration of greenhouse gases in the earth’s atmosphere is directly linked to the average global temperature on Earth, and the concentration has been rising steadily. The most abundant greenhouse gas, accounting for about two-thirds of greenhouse gases, carbon dioxide, is largely the product of burning fossil fuels.
There is alarming evidence that important tipping points, leading to irreversible changes in major ecosystems and the planetary climate system, may already have been reached or passed. One of the most urgent challenges facing countries across the world today is how to achieve economic prosperity and development while also combating climate change.
The Paris climate change agreement commits nations to limit global temperature rise to no more than 2°C above pre-industrial levels, with countries pledging to cut or curb their greenhouse gas emissions – through a combination of mitigation and adaptation measures – by 2030.
Created a Post in Natural Capital, Cities and Urban Development, Climate Change
Mark and Focus, Vol 4, Issue 2
Created an Opportunity in Sustainable Finance, Climate Change
Created an Event in Natural Capital, Sustainable Finance, Climate Change
Created a Post in Climate Change, Energy, Sustainable Finance
'End the hypocrisy – it’s time the financial sector close the loopholes to achieving net-zero'
The finance sector is increasingly taking centre stage on climate change. With their commitments to net-zero in the public eye for all to see, they can no longer hide from their responsibility.
Created a Post in Climate Change, Sustainable Finance
'Financing is at the heart of the geopolitical rupture on climate change'
The UN Climate Change Conference in Glasgow suffered the same lack of trust between developing and developed countries that has burdened global climate negotiations for almost three decades. Financing is at the heart of the rupture, and the time has come for a new approach
Created a Post in Climate Change
COP26 ended and we all need to come to terms with it. Was it a success? Was it a failure?
Personally, I think that what the world has achieved in Glasgow is only just bearable. Less than this would have been disastrous. And let’s be clear, it is still painfully inadeguate compared with the existential challenge we are facing.
However, we do have reasons to celebrate this moment. Fossil fuels and methane were included in the agreement, carbon trading rules have been clarified and stronger NDC will need to be submitted by next year.
But what amazed me the most is the global mobilisation on the environment that took place in the past 2 weeks. COP 26 catalysed the attention of millions of individuals around the world, bringing us a step closer to the global environmental consciousness that we desperately need to keep our politicians accountable and ensure a just transition. I hope that Glasgow will prove to be the moment where the tide, slowly, started to change.
Image: Bloomberg COP Scorecard Article: Christiana Figueres, former head of the UNFCCC and author of The Future We Choose.
Created an Event in Climate Change, Waste Management
Policing of Net-Zero Claims to Take Shape in 2022, UN Chief Says
The COP26 climate summit has seen a deluge of pledges to fight global warming. The most eye-popping came last week, when the Glasgow Financial Alliance for Net Zero announced that more than 450 firms representing $130 trillion of assets had signed up.
But the headline number was met with skepticism as climate activists and nonprofits questioned whether big finance is capable of rapidly weaning itself off fossil fuels. Signatories, meanwhile, continue to chase deals that look set to increase their carbon footprint.
Created a Post in Climate Change, Gender
Leaders and campaigners warned that the climate crisis could not be ended without the empowerment of women. Women and girls around the world suffer disproportionately from the impacts of climate breakdown, as they are on average poorer, less educated and more dependent on subsistence farming. A UN report found 80% of those displaced by the climate emergency are women.
Why ESG is failing sustainable development
Our economic system has evolved to maximize financial value, confusing the means (financial activity) with the ends (society’s needs). It seeks infinite rewards from a finite system, and maximization of financial returns with few safeguards. Advocating for a transformational shift in mindset and decision-making, Marcos Athias Neto, Director of UNDP SDG Finance Sector Hub, highlights the need to focus on transforming internal management systems to integrate operating sustainably and contributing positively to the SDGs into all business and investment decision-making.