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Methane is a primary component in natural gas and a contributor to climatechange. Why is reducing methane emissions so important to climatechange mitigation? This powerful warming effect causes experts to believe that cutting methane emissions is critical to mitigating climatechange.
In the meantime, 80% of the world’s wastewater is returned to the environment untreated (UNEP, 2016). The UN University estimates that by 2030, there will be a 40% gap between water demand and availability.
Neither the world’s financial firepower nor the impact of climatechange is spread evenly, which means funding the transition to net zero is much harder and more urgent for emerging markets and developing economies (EMDEs) compared to developed ones. . Steady momentum .
Project highlights to date include receiving financial support from GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit), the unanimous endorsement of the initiative by the Union for the Mediterranean (UfM), and achieving the prestigious UfM label in February 2016.
With this in mind, the ICMA has now released blue finance guidelines to try and drive similar success in that market in collaboration with the International Finance Corporation (IFC) – a member of the World bank Group, United Nations Global Compact, United Nations Environment Programme Finance Initiative (UNEP FI) and the Asia Development Bank.
At this stage, harmonisation is more important than perfection,” says Amir Sokolowski, Global Director of ClimateChange at environmental disclosure platform CDP. . Climate capital . million metric tonnes of CO2 within their roots, trunks and soil every year, according to the United Nations Environment Programme (UNEP).
Less remarked has been the very large number of lobbyists in Dubai acting on behalf of oil and gas companies, the very organisations with a vested interest, one may have thought, in blunting whatever initiatives emerged to limit climatechange by reducing CO2 emissions. It now amounts to some 400 million tonnes per year.
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