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Serving as a negotiator to the series of Climate Change COP events since COP21 (2015) where the ParisAgreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into this year’s landmark developments and future prospects. Human activity is overloading the natural carbon cycle.
In this context, several countries and companies have taken up the challenge, and currently, 90% of the globaleconomy and a third of the 2,000 largest companies have net-zero pledges. Notice that compliance and voluntary carbon markets have interlinked movements, as seen in the 2013 drop in both voluntary and compliance credits.
The final agreement requests parties to come to COP27 next year in Egypt with updated plans on how to slash greenhouse gas emissions by 2030. Under the ParisAgreement, countries were only obliged to update their goals by 2025. Nature is the substrate of everything including our economy.
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