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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 Energy, Climate Change
The IEA released a roadmap for realizing net-zero carbon dioxide (CO2) emissions in the energy sector by 2050. The new net-zero model signals a critical shift in the IEA’s ambition, moving the yardstick for achieving net-zero emissions two decades earlier.
Created a Post in Climate Change
After a record-tying warm year in 2020, the world is on track for a cooler year in 2021, driven by moderately strong La Niña conditions in the late part of 2020 and early 2021.
Created a Post in Climate Change, Gender, Natural Capital
Mangroves are key to conservation in Kenya, but Kenya's mangroves have been exploited for centuries for shipbuilding and construction materials among others. Lamu archipelago, around the northern coast of Kenya, accounts for more than half of the country's mangroves, but across the country approximately 40% of this commodity has been degraded. This is where the region's women come to the rescue to run mangrove conservation effort.
President Joe Biden directed federal agencies to assess and mitigate the increasing and serious risks that climate change poses to individuals, businesses, the federal government and the U.S. financial system. Biden issued an executive order requiring development of a comprehensive government-wide climate-risk strategy within 120 days
U.K. Chancellor of the Exchequer Rishi Sunak is pushing the Group of Seven economies to impose mandatory reporting of environmental risks on their big companies.
Under the proposals, the biggest companies would report annually on their exposure to risks and opportunities presented by climate change. It would follow guidelines set out in 2017 by the Task Force on Climate-Related Financial Disclosures.
Created a Post in Climate Change, Waste Management
Each year, the volume of global food waste can reach up to 1 billion tons, with 60% of it coming from household. The UNEP Regional Office for West Asia and GO4SDGs launched a campaign to raise awareness to reduce food waste during Ramadan, foster behaviour change, and boost sustainable action. Although this year's Ramadan has ended, we should continue raising awareness about reducing food waste.
Learn more about the GO4SDGs food waste project in West Asia: https://www.greengrowthknowledge.org/news/fasting-feasting-and-food-was…
The recent 2021 World Bank Group/International Monetary Fund spring meetings took place during challenging times. The COVID-19 pandemic has caused loss of life and exacerbated global poverty and inequality, while draining governments resources. Meanwhile, the impacts of climate change are starting to be felt on a broad scale, resulting in the loss of homes, crops and livelihoods. The year 2020 was tied for the hottest on record and boasted, among other things, a record number of destructive storms crossing the Atlantic. On top of the long-lasting economic effects of the pandemic, the impacts of climate change are poised to only get worse.
Created a Post in Sustainable Finance, Climate Change, Energy
WRI, WWF, and HSBC have launched a US$100m Climate Solutions Partnership, which aims to accelerate efforts to scale up climate innovation ventures, nature-based solutions, and renewable energy and energy efficiency in Asia
It will take decades to achieve the enormous reductions required globally; in the meantime emissions will continue and so will the warming. We must get better at managing climate disasters as they become more numerous. Resilience matters because it is impossible to wall off the country from the effects of climate change. Redirecting federal money toward resilience rather than simply rebuilding after disasters will be hard. But the longer we wait, the harder it will become as the costs of climate change mount.
Created a Post in Climate Change, Sustainable Finance
To give investors access to decision-useful information to effectively price and manage climate risks, there is an urgent need to strengthen the “climate information architecture.” Data gaps make it difficult to assess firms’ exposure to climate risk. A consistent, timely, and uniform implementation of internationally agreed sustainability reporting standards is necessary.