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For years, there has been a steady stream of visions aimed at reforming, rethinking, reimagining, reinventing, redefining and rebooting the operating system that drives capitalist economies. And that while many at the lower rungs of the economic ladder are slowly moving up, those on the upper rungs are moving up much, much faster.
Despite the reductions in air travel and the global economic slowdown caused by the pandemic, climatechange sadly has not slowed down this past year. We have only until 2030 to get things on track for a net-zero and nature-positive economy — this should sharpen our minds for action. ClimateChange.
December marks the five-year anniversary of the Paris Agreement — a turning point for the movement to limit dangerous climatechange and environmental destruction. These leaders understood the direct linkage between climatechange and financial risk. So, the TCFD was born. Out of 727 companies headquartered in the U.S.
You sigh with relief knowing that the world had accomplished something no one thought was possible: We’d turned back the clock on climatechange. Much of the current conversation around climatechange focuses on the obstacles that make the problem so difficult to solve.
Taken together with a call to triple renewables deployment, [take] action on methane emissions, and get a loss and damage fund going, Dubai may well be the most significant COP since the Paris Agreement in 2015.”Initial Rich countries with historical responsibilities for the climate crisis, like the UK, needed to do much more.
DESCRIPTION: Carbon emissions have, in the years following the ratification of the Paris Climate Agreement (2015), been established as the predominant issue in corporate sustainability discourse and strategy. One recent study found that net zero commitments now cover at least 68% of the globaleconomy.
The Science Based Targets initiative (SBTi) announced today the appointment of Maria Outters as Chief Impact Officer, a newly created role for the organization, aimed at driving strategic engagements, strengthening governance, and accelerating the growth of corporate climate action.
DESCRIPTION: The 27th United Nations (UN) Conference of the Parties (COP), which took place this November in Sharm El Sheikh, Egypt, marked a significant milestone in developing action against climatechange. Climatechange inequality, contributors and sufferers, has been a key agenda item at COP for many years.
Scott Tew, VP Sustainability: With the call to triple renewables deployment and transition energy systems away from fossil fuels, Dubai may be the most significant COP since the Paris Agreement in 2015. More than 200 nations—and on the sidelines, just about every major global brand—came together and said it’s time to change.
Founded in 2015, SBTi was formed as a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), with the goal to establish science-based environmental target setting as a standard corporate practice.
Pricing and intermediating risk is a core function for insurance companies, but this has become far more challenging given the unprecedented risks associated with climatechange. At the same time, regulators are requiring insurers to quantify and disclose them.
DESCRIPTION: When the Science Based Targets initiative (SBTi) was launched in 2015, the goal was to recruit 100 companies. Now, almost 2,900 are on track to reach the targets set by SBTi for how much and how quickly they need to reduce their greenhouse gas (GHG) emissions to prevent the worst effects of climatechange.
Founded in 2015, SBTi was formed as a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), with the goal to establish science-based environmental target setting as a standard corporate practice.
The throwaway globaleconomy is fuelling the climate crisis with more than half a trillion tonnes of virgin materials consumed since the 2015 Paris Agreement, according to a report from impact organisation Circle Economy launched on 19 January. World leaders committed to limit climatechange to 1.5°C
These are just a few of the nightmare scenarios evoked by UN Secretary General António Guterres following the publication in April of the latest Intergovernmental Panel on ClimateChange (IPCC) report on climate science. We’re on a pathway to global warming of more than double the 1.5°C
Financial organisations thus have a major role to play in the decarbonisation of the globaleconomy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8
A cross-cutting theme of the Congress was the need to align road infrastructure management and development with efforts to address several complex and intersecting global development challenges. The warmest eight years have all been since 2015, with 2016, 2019 and 2020 constituting the top three.
While some progress has been made since our initial assessments in 2022, banks are not moving fast enough to meet globalclimate goals,” said Simon Dietz, Research Director at the TPI Centre and Professor of Environmental Policy in the Department of Geography at LSE.
A total of 2,253 companies across 70 countries and 15 industries have approved emissions reductions targets or commitments with the organisation, with 80% of targets approved by SBTi in 2021 aligned with limiting climatechange to 1.5°C. Since its foundation in 2015, the majority of SBTi companies with 1.5°C
Globalization has broadly been a catalyst for global growth For a number of LMICs, the expansion of international trade in the second half of the 20th century was an integral part of their economic transformation. As a percentage of GDP, trade grew from roughly one quarter of the world economy in 1960 to over one half by 2015.
Nature underpins societal wellbeing by providing basic life support services and material goods such as soil, air, water, food, fuel, and fibre 1 , so the impacts of nature loss are wide-reaching and threaten the foundations of our globaleconomies, livelihoods, and food systems 2,3. Díaz, & H. IPBES secretariat. 6 Ceballos, G.,
Julie Segal, Visiting Fellow at the London School of Economics’ Grantham Research Institute on ClimateChange & the Environment, outlines the c hallenges and opportunities of the Paris Agreement’s Article 2.1(c). Aligning investments with climatechange mitigation and adaptation goals, as required under Article 2.1(c)
Revi’s meeting with Mayor Kadir Topbaş was significant, in particular, for the global campaign on an Urban SDG. Mayor Topbaş is a member of the UN Secretary General’s High-Level Panel of Eminent Persons on the Post-2015 Development Agenda and is the President of United Cities and Local Governments (UCLG).
In 2015, when a group of us met to ensure the voice of forward-looking business was heard at the crucial COP21 Paris Climate negotiations, this observation felt painfully familiar. Such initiatives were virtually inconceivable in 2015, and today they are primed for rapid expansion.
Natural gas will remain an important fuel source to meet total energy demand for the time being, decreasing by only 13% in 2030 (from 2015 levels), until hydrogen, e-gas and biogas are ramped up,” the Allianz report noted. “As But the EU isn’t turning its back on gas.
The scientific community holds strongly recommends that the average global temperature increase must be limited to increase be limited to 1.5 °C C - 2° C compared to the pre-industrial era, to prevent the damaging effects of climatechange. C to avoid the catastrophic impacts of climatechange.
On July 13-16, 2015, member states convened in Addis Ababa for the Third International Conference on Financing for Development. The Action Agenda provides a strong foundation for aligning financing flows and policies with the post-2015 agenda, and includes concrete commitments. ▶ Remarks by Treasury Secretary Jacob J.
To help achieve this, it has introduced mandatory climate-related disclosure requirements for large UK companies. The UK’s commitment to achieving net zero in general is enshrined in the ClimateChange Act of 2008 (as amended). These requirements are expected to be extended to medium-sized and small companies by 2025.
The COP26 Youth Climate Protest in Glasgow on 5 November (image credit: PMGphotog / Shutterstock.com). She added: “This is a diplomatic failure of the last few decades during which geopolitical manoeuvring and self-interest has shamelessly dominated the climate crisis.”.
These threats — such as commodity agriculture, climatechange and overfishing — are specific to every land and seascape. But all forms of ecosystem degradation have one thing in common: When people hurt ecosystems, they also hurt economies, biodiversity and the climate. The economy suffered a loss of US$16 billion.
The science is clear that the health of the planet is declining at rates never seen in human history and that it is putting our globaleconomy at risk, as well as undermining human health and well-being, societal resilience, and progress towards the SDGs.
And in light of these real criticisms there have been calls for more agile, regional, or even unilateral solutions. But long problems and evolving challenges, like poverty, food insecurity, conflict, AI, health, climatechange, biodiversity loss and migration, are not issues that can be solved in the span of a single political cycle.
This interview with Joan Martinez Alier and Federico Demaria, from the research team of the Environmental Science and Technology Institute (ICTA) of the Autonomous University of Barcelona (UAB) explains how a global movement for environmental justice has risen. They also make the connection with the globaleconomy and the need for degrowth.
New Zealand Prime Minister Jacinda Ardern wasted little time raising the stakes in her nation’s fight against climatechange after handily winning re-election in October. Drawing on that mandate, Ardern declared a "climate emergency" and set the wheels in motion for New Zealand’s public sector to become carbon neutral by 2025.
Preparing for the storm: The role of UK business and government in improving UK resilience to climatechange in the UK’ explores how leading UK businesses are already increasing community resilience through climate adaptation strategies and action. billion climate finance already promised by Biden each year, by 2024.
And when it comes to climatechange, this news can seem uniformly grim (its not, and well come back to this). But its worth reminding ourselves of the important progress thats happening on climate and clean energy around the world as an antidote to pessimism that can paralyze us right at the moment when action is needed most.
Environmental successes are easily overlooked in a world ravaged by climatechange, biodiversity loss, an ongoing global pandemic and attacks against democracy. The dystopian legacy of the former president is becoming increasingly clear to all but the willfully ignorant as is his politicization of climatechange and COVID.
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