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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 Climate Change
In June, Japan’s Ministry of Economy, Trade and Industry (METI) updated the "Green Growth Strategy Through Achieving Carbon Neutrality in 2050" in collaboration with related ministries and agencies. The strategy, which reflects structural changes in the energy and industry sectors, leads to sustainable growth and innovation by incorporating all possible and necessary policies into the effort. It will further raise the feasibility of achieving a carbon neutral society by 2050.
The United States and Singapore have agreed to a partnership to better collaborate on climate action, environmental governance, sustainable development and low-carbon solutions. The Ministry of Trade and Industry of Singapore anticipates new opportunities for businesses and workers from this partnership.
The human and economic impacts of disasters, including biological ones, and climate change are documented in the UNESCAP 2021 Asia-Pacific Disaster Report, released on 25 August. It demonstrates that climate change is increasing the risk of extreme events like heatwaves, heavy rain and flooding, drought, tropical cyclones, and wildfires. Heat waves and related biological hazards in particular are expected to increase in East and North-East Asia, while South and South-West Asia will encounter intensifying floods and related diseases.
Created a Post in Climate Change, Energy, Sustainable Finance
New listings of fossil fuel companies would be immediately banned on the London Stock Exchange as part of a proposal by the Liberal Democrats that the party says could help the UK become a leader in tackling the climate emergency.
Under the plan outlined to the Guardian by the Lib Dem leader, Ed Davey, another immediate policy would be to stop new bonds being issued in London to finance oil, coal or gas exploration.
Fossil fuel firms already listed in the UK would then have two years to produce a coherent plan about how they would reach net zero emissions by 2045, or risk being struck off the LSE.
Created a Post in Climate Change, Sustainable Finance
The U.S. has been lagging on climate risk regulation: here’s how it will lead
'The conventional wisdom on managing climate risk has undergone a seismic shift from a purely market-led discussion to a clear expectation that regulators must step in. This global shift has left U.S. regulators scrambling to catch up to international peers, and they began signaling an interest in climate financial oversight even before the transition to the Biden administration'
Created a Post in Climate Change, Sustainable Finance, Green Recovery from COVID-19
Vacancy at GGKP:
Green Finance Platform Community Engagement Consultant to advance outreach & knowledge sharing on green & sustainable finance.
Expected Duration: 1 October 2021 – 31 March 2022.
Closing Date: 14 September 2021.
Created a Post in Agriculture, Climate Change
Madagascar is on the brink of experiencing the world's first "climate change famine", according to the United Nations, which says tens of thousands of people are already suffering "catastrophic" levels of hunger and food insecurity after four years without rain.
Created a Post in Climate Change, Energy
China's provinces are still planning to launch more than 100 gigawatts (GW) of new coal-fired power capacity despite a decline in new approvals in the first half of 2021, environmental group Greenpeace said on Wednesday.
A recent report from the Intergovernmental Panel on Climate Change (IPCC) provides comprehensive knowledge on climate change and can be used by companies and investors to enhance their climate resilience.
Companies and investors have a key role to play by adopting strong emissions reduction targets and establishing robust strategies for reducing risks from climate impacts — and then following through.
The food price spikes demonstrate how extreme weather, much of it caused by the climate crisis, is having a real-world impact on Americans. And climate scientists warn the fallout will only intensify from here. Climate change is coming right into our dining room tables, Cynthia Rosenzweig, adjunct senior research scientist at the Columbia University Earth Institute, told CNN Business.