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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.
Founded in April 2021 by UNEP FI, the NZBA has 143 members overseeing US$74 trillion in capital. trillion towards fossil fuel expansion since the 2015ParisAgreement. More than 50% of NZBA’s members had to vote and two thirds of votes cast had to be in favour for the updates to pass. billion from Barclays.
While the level of emissions within the sector are 10 per cent lower than in 2015, reaching lows not seen since 2007, this was largely due to lockdowns, slowing of economies, difficulties households and businesses faced in maintaining and affording energy access and a fall in construction activity. per cent compared to 2019.
As the world experiences record global temperatures and greenhouse gas emissions, the latest Emissions Gap Report from the UN Environment Programme ( UNEP ) found that current pledges under the ParisAgreement put the world on track for a 2.5–2.9°C For the 1.5°C C goal, emissions need to be cut by 42%.
According to the UNEP Global Climate Litigation Report , more than 1,500 cases had been filed in 38 countries by July 2020. The number of cases is widely recognised as having doubled since 2015.
Further, a recent report by the UN Environment Programme (UNEP) and the Sabin Center for Climate Change Law at Columbia University, showed that climate litigation is becoming an integral part of securing climate action and justice.
In 2005, a group of investment managers organised under the UN Environment Programme Finance Initiative (UNEP FI) commissioned law firm Freshfields Bruckhaus Deringer to publish a report , ‘A Legal Framework for the Integration of ESG Issues into Institutional Investment’. How does fiduciary duty relate to sustainable investment?
COP28 has been buffeted by controversy since the United Arab Emirates (UAE) was announced as host, with concerns that the country’s fossil fuel interests would jeopardise the meagre progress made since the ParisAgreement. The European Union (EU) bloc has outlined the importance of ‘scaling up climate ambition to keep the 1.5°C
In January this year, the UN Environment Programme (UNEP) cast doubt on some of the more extravagant claims made for the ‘green-ness’ of natural gas. Here too, the skills of lobbyists are urgently sought, due to a UN agreement that member-governments will finalise a global treaty on plastic pollution by the end of next year.
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