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With more than one quarter of the global economy committed to achieving net-zero emissions over the coming decades, it follows that the shipping sector will be under increased pressure from governments and private players to clean up its act.
At a forum on sustainable finance in Ottawa this week, a parade of speakers, including Environment Minister Steven Guilbeault, warned that Canada is falling behind global competitors in the race to attract the investment needed to fuel the transition to a net-zero economy. Canada is playing catch-up,” he acknowledged. “We
The UAE is already proving a petro -state can transition toward netzero, says Luma Saqqaf, CEO of Ajyal Sustainability Consulting, but tough challenges remain. In March 2023, the UAE confirmed its netzero target as a domestic policy objective by signing the ‘ UAE Governments NetZero 2050 Charter ’.
ClimateActionTracker described the amended goal a “significant step forward from the previous 26% reduction target” but said a 60% reduction was needed to put Japan on a 1.5°C To achieve that, we need to ensure that a vast amount of finance will be mobilised using a framework designed for an orderly transition to netzero.”.
C are far behind the “pace and scale” required, with experts calling for policymakers to close the global gap in climateaction at COP28 later this month. Efforts to limit global warming to 1.5°C
In March, the Intergovernmental Panel on Climate Change’s (IPCC) AR6 synthesis report noted that, while there are “tried and tested” policy measures that can achieve deep greenhouse gas (GHG) emissions reductions and build climate resilience, they will only have an impact if “scaled and applied globally”.
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