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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, Green Recovery from COVID-19
The NDC Partnership's Economic Advisory Initiative is continuing to embed economic advisors in the planning and finance ministries of 34 developing countries, with support from 13 of its members, in order to put climate action at the heart of COVID-19 recovery. To date, 35 advisors have been deployed in 24 countries, with recruitment underway in another 10 countries.
Created a Post in Sustainable Finance, Climate Change
U.S. annual tracked climate investment is less than a third of what is needed. To achieve the Paris Agreement’s goals of achieving net-zero emissions by 2050, the United States will need to invest at least $250 billion in climate mitigation solutions each year during the next decade.
Created a Post in Climate Change
The UK is to toughen its targets on greenhouse gas emissions for the next 15 years, the first major developed economy to do so.
Created an Opportunity in Cities and Urban Development, Climate Change
Combustion Characteristics, Kinetics, SO2 and NO Release of Low-Grade Biomass Materials and Briquettes
The new EU policy to reduce carbon emissions is not sufficiently ambitious and out of line with Paris agreement, say environment groups.
Created a Post in Climate Change, Energy, Green Recovery from COVID-19
IEA's latest Global Energy Review predicts that energy-related carbon-dioxide emissions will rise by 1.5 gigatonnes to 33 gigatonnes in 2021, an increase of almost 5% - the largest since 2010 following the global financial crisis 2007-2009 as governments invested on carbon-intensive projects to pick up their economies. If this prediction is proven then it will be a clear warning that the economic recovery from the COVID crisis is unsustainable for our climate.
Created a Post in Climate Change, Sustainable Finance
CDP analysis revealed that financial institutions underestimate their climate-related risks, identifying mainly the operational risks rather than credit and market risks - with a potential financial impact up to $1.05trn.
Created a Post in Climate Change, Industry and Entrepreneurship, Natural Capital
New report, “Corporate natural capital accounting – from building blocks to a path for standardization”, provides an overview of corporate natural capital accounting resources and applications and identifies best practices, challenges and standardization opportunities.
Created a Post in Climate Change, Water and Sanitation
“Long overdue”: The U.S. Senate just passed $35 billion for clean drinking water — The legislation would fund projects that address aging infrastructure and improve water quality, remove lead pipes from schools, and update infrastructure to be more resilient to the impacts of extreme weather and climate change.