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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Stephani Widorini commented on Maria Dumpert's Post in Climate Change, Green Recovery from COVID-19

Japan unveils $708 billion in fresh stimulus with eye on post-COVID growth. This includes US$19 billion to promote investment that helps achieve carbon neutrality by 2050.

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https://www.reuters.com/article/us-japan-economy-stimulus/japan-unveils-708-billion-in-fresh-stimulu...

The World Bank announced a $14 million bond payment to 21 projects that reduced greenhouse gases (GHG) emissions from methane and nitrous oxide around the world.

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https://www.worldbank.org/en/news/press-release/2020/12/03/world-bank-announces-14-million-bond-paym...
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Created a Post in Climate Change

How Europe’s decisions on climate change reverberate across Africa

The fifth anniversary of the Paris Agreement is next month, and Africa is looking at leaders like Ursula von der Leyen, Charles Michel, Angela Merkel and Emmanuel Macron to begin treating the climate crisis like a crisis, writes Vanessa Nakate.

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https://www.euractiv.com/section/climate-environment/opinion/how-europes-decisions-on-climate-change...

Five years after the signing of the Paris Agreement, the gap between pledges and implementation remains large. This Production Gap Report highlights the discrepancy between countries’ planned fossil fuel production levels and the global levels necessary to limit warming to 1.5°C or 2°C, with the COVID-19 recovery marks a potential turning point.

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https://www.unep.org/resources/report/production-gap-2020
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Created a Post in Climate Change

Exxon Holds Back on Technology That Could Slow Climate Change

Carbon capture can make money for oil giants, and scientists say we need it. Is the industry willing to invest enough?

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https://www.bloomberg.com/news/features/2020-12-07/exxon-s-xom-carbon-capture-project-stalled-by-cov...
ClimateAction, Orbitas

A high-level event on policy, risk and finance to support the climate transition and protect nature. Together with ministers and senior officials from the UK and German governments, Orbitas will lead a high-level panel alongside private sector leaders to discuss the risks and opportunities climate… Read More

Cities have a significant role in the efforts to achieve the GHG emissions reduction target. Which cities are leading the way on environmental action & disclosure for a sustainable transition in Europe? Read this blog from CDP.

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https://www.cdp.net/en/articles/cities/why-cities-will-be-key-for-achieving-the-eus-new-emissions-ta...
Innovate4Climate, German Federal Ministry for the Environment Nature Conservation and Nuclear Safety(BMU), Climate Focus

Article 6 pilot initiatives are continuing to expand globally, even without the finalized UNFCCC rules. These pilots and enabling initiatives are providing valuable experiences for the Article 6 negotiations and a general understanding of how carbon markets will be operating under the Paris… Read More

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Created a Post in Climate Change

New brief out from the Green Finance Institute on facilitating a green recovery in the UK, with investments by the UK National Infrastructure Bank in key sectors -- the built environment, clean energy, transport, and more! For instance, the report notes that "there are nature-based projects that have the ability to attract significant private capital if the Government acts as a co-investor or provides first loss guarantees particularly within sustainable and regenerative agriculture and sustainable forestry – both sectors which could provide water and carbon sequestration."

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https://www.greenfinanceinstitute.co.uk/wp-content/uploads/2020/12/GREEN-FINANCE-INSIGHTS-PAPER-1.pd...