About this Discussion

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. 

Climate Change

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As recently as 2018, the UK produced roughly half of all electric cars built in Europe. However, lack of investment by UK manufacturers means that by the end of the decade that figure will have fallen to just 4%.

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https://www.bbc.com/news/business-57490100
Ministry of the Environment Government of Japan, United Nations Framework Convention on Climate Change(UNFCCC), United Nations Development Programme(UNDP), World Bank Group, United Nations Environment Programme(UNEP)

Asia-Pacific Climate Week (APCW) 2021 is accelerating collaboration and integrating climate action into global pandemic recovery. Building back opens an opportunity to address social inequalities and invest in economic development that is good for humanity and nature. Read More

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Created a Post in Climate Change

The North Atlantic Treaty Organization (NATO) will consider a target to reduce its net greenhouse gas emissions to zero by 2050. The target will apply to Nato’s operations around the world, mainly in Europe with some in Turkey, Afghanistan and the USA.

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https://www.climatechangenews.com/2021/06/15/nato-considers-net-zero-2050-target-move-green-military...
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Created a Post in Climate Change

Liebreich: Climate Action – It’s The Trade, Stupid

'Although dealing with carbon leakage is certainly an important question, it is not the most important question. What is critical is to unleash trade to play its full role in support of climate action. How can trade accelerate the uptake of clean technologies? How can it help poorer countries leapfrog to low-carbon solutions? How can it help decarbonize corporate supply chains?'

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https://about.bnef.com/blog/liebreich-climate-action-its-the-trade-stupid/

The G7 summit ended with rich nations reaffirming their goal to limit global heating to 1.5C, and agreeing to protect and restore 30% of the natural world by the end of this decade, but failing to provide the funds experts say will be needed to reach such goals.

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https://www.theguardian.com/world/2021/jun/13/g7-reaffirmed-goals-but-failed-to-provide-funds-needed...
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Created a Post in Climate Change, Forestry

The 21st century has seen a surge in governments’ strategic protection of forests, for good reason. Forest protection enhances people’s lives while slowing climate change by enabling trees, soil and grasslands to perform their natural functions of removing carbon dioxide from the atmosphere.

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https://www.worldbank.org/en/news/feature/2021/06/09/the-win-win-of-forest-protection-enhancing-live...

Residential energy efficiency is one of the most effective and cheapest tools available to combat climate change and it can also be a great investment.
However, taking the case example of the US market, according to data from industry group American Council for an Energy-Efficient Economy indicates that at historical adoption rates, it will take 500 years to complete whole-home retrofits of all US homes and apartments, compared to 60 years for retrofitting its commercial building stock. One of the main reasons is the hefty upfront costs of reducing energy bills that customers have to bear ranging from $15,000-$20,000. Customer awareness and behaviour, and government policy also play vital roles in boosting the residential energy efficiency market.

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https://www.canarymedia.com/articles/from-home-improvement-to-securitization-the-virtuous-cycle-to-s...

??? NEW ANALYSIS ON NORDIC COMPANIES' OCEAN DISCLOSURE ???

✍️ 73% of Nordic companies do not disclose on oceans
? Just 22% of current ocean disclosure is classified as 'good'
? Half of companies directly operating in the ocean economy are disclosing

How can the financial community assess ocean impacts and dependencies of investments if the #bluedata is not being made available by companies?

We recommend:
✅ Greater investor engagement on ocean disclosure
✅ Companies to adopt common ocean disclosure frameworks and develop science-based impact reduction strategies

Read more of our analysis, by researchers at Copenhagen Business School ?

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https://greendigitalfinancealliance.org/ocean-disclosure-in-the-nordics/

Created a Post in Climate Change

"By the end of 2024, all countries that are party to the Paris Agreement will start implementing the new ‘enhanced transparency framework’ (ETF).The framework makes climate change reporting more transparent, building trust among parties and encouraging them to set more ambitious emission reduction targets. These targets are crucial for delivering the overarching, long-term goal of the Paris Agreement: to limit global warming to 2°C, and ideally below 1.5°C.

But this enhanced set of reporting rules presents the least developed countries (LDCs) with new technical and financial challenges."

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https://www.iied.org/reporting-greenhouse-gas-emissions-ldcs-20-year-journey
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Created a Post in Climate Change

Coastal zones have always been one of the most attractive settlement areas because of their access to the ocean, their richness in natural resources, and the high quality of life they offer.

The high concentration of people, assets, economic activities and ecosystems along the world’s coasts makes them some of the most exposed regions to the impacts of climate change.

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https://oecd-environment-focus.blog/2021/06/07/changing-climate-changing-coasts-why-resilience-matte...