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As the global community steps up to accelerate urgent action against climatechange, a multitude of sustainability events are taking place over the next few months to make critical progress towards a healthier planet. What is the 8th Asia-Pacific ClimateChange Adaptation (APAN) Forum?
July 25, 2023 /3BL/ - A new report released today by the Ceres Accelerator for Sustainable Capital Markets and the California Department of Insurance reveals that insurance companies are pursuing a wide variety of strategies to manage the increasing risks associated with climatechange. Climate Risk Management in the U.S.
This shift to electric mobility (e-mobility) can reduce emissions from transport which are a key contributor to air pollution and climatechange while providing many other benefits, from technological efficiency and lifetime cost savings to user experience, such as a quieter drive and less regular maintenance.
“Investors and companies are increasingly setting climate and nature targets, but once those are in place, they need to be thinking more about how to redirect capital [in line with these goals],” Ivo Mulder , Head of the Climate Finance Unit at the UN Environment Programme (UNEP), told ESG Investor. trillion in 2022.
The RCWs provide a platform for policymakers, practitioners, businesses and civil society to exchange on climate solutions, barriers to overcome, and opportunities realized in different regions.
trillion in 2023, but notes that this still falls short of the estimated $4.8 The statement also acknowledges the policy progress made over the past few years, highlighting in particular the U.S.’ Inflation Reduction Act and the EU’s Fit-for-55, which has accelerated investment in global clean energy to $1.8
DUBAI, United Arab Emirates, November 28, 2023 /3BL/ - Ahead of COP28, the UNEP-convened Climate and Clean Air Coalition (CCAC), The Global Methane Hub (GMH) and Delterra are proud to announce their partnership to reduce methane emissions in the Global South. Learn more at: [link] and connect with us on LinkedIn & Instagram.
It is published ahead of the 28th session of the Conference of the Parties to the United Nations Framework Convention on ClimateChange (COP 28). This is the 14th Emissions Gap Report.
The UN Environment Programme’s (UNEP) 2023 Emissions Gap Report – aptly titled ‘Broken Record’ – clearly states that the world is a long way from limiting global warming to 1.5°C The ‘ 2023 LT-LEDS Synthesis Report ’ said that 97% of assessed LT-LEDS include adaptation-related information.
Thu, 01/05/2023 - 15:45. Despite two weeks of COP27 climate talks, few commitments were made by world leaders to put us on a path to avoid the worst impacts of the climate crisis. Passionate about science, SBTi and addressing climatechange. Reflecting on COP27 and Rallying for SBTi. Type of Content.
Nature loss exacerbates climatechange, undermines food security and puts people and communities at risk. We must act fast to reverse biodiversity loss time is not on our side (WWF, 2023) The Rome meeting was the second bite of the cherry after talks broke down at COP16 in Cali last year.
Failure to focus on water-related issues risks derailing efforts to combat climatechange and biodiversity loss. The UN has previously said that water and climatechange are “inextricably linked”, with the latter “exacerbating” both water scarcity and water-related hazards, such as floods and droughts.
Overlooked in most reports was HM Treasury’s conclusion that “any policy intervention from government to change fiduciary duty would be undesirable”, despite its acknowledgement of “a lack of clarity” around how the concept interacts with “sustainability and climatechange considerations” among pension trustees.
As of January 2023, green bonds had raised US$2.5 Also, the 2030 Kunming-Montreal Global Biodiversity Framework included a target to protect at least 30% of land and ocean globally by 2030 and in March 2023, the UN High Seas Treaty was agreed. trillion globally, according to the World Bank from a mere US$15 billion in 2013.
This rebranding signals a sharpened focus on technologies and solutions that regenerate rather than deplete and that strengthen resilience, particularly for communities most impacted by climatechange. Early-Stage Climate Investments Hold Strong: Within the climate tech space, early-stage investments have shown remarkable durability.
C are far behind the “pace and scale” required, with experts calling for policymakers to close the global gap in climate action at COP28 later this month. Efforts to limit global warming to 1.5°C
As net zero strategies are taking shape and being implemented, governments , investors and companies are enlisting the natural world in the battle to combat the most catastrophic effects of climatechange. There is reason for cautious optimism in 2023, as the conditions emerge to propel NbS up the agendas of stakeholders globally.
Nevertheless, progress by the UNFCCC has been steady – a milestone was achieved at COP21 in Paris with the creation of the Non-State Actor Zone for Climate Action, now the Global Climate Action Portal (GCAP), that highlights actions non-state actors are taking to address climatechange.
The Taskforce for Nature-related Financial Disclosure (TNFD) was founded in June 2021 to provide a framework for corporations and financial institutions to assess, manage and report on their dependencies and impacts on nature beyond climatechange. The TNFD formally launched its final recommendations on 18 September 2023.
As negotiations unfolded at the Bonn ClimateChange Conference earlier this month, the politicisation of an existential and global threat was clear to see. What made negotiators’ incremental progress even more frustrating was that the squabbling was underpinned by the realities of a rapidly warming planet.
UN ClimateChange’s NDC synthesis report found they would collectively only deliver a 5.3% C of climatechange by 2100. Stronger wording might have been possible, but this was a big step in the right direction,” said Remco Fischer, Climate Lead, UN Environment Programme Finance Initiative (UNEP FI).
Nature does everything.” – the words of UNEP Executive Director Inger Anderson at Davos 2024 during a session exploring if the financial risks of climatechange are under-priced. As a result, over 20,000 data points were collected since May 2023. This article first appeared in Forbes.
The ISSB’s climate and general sustainability standards, which were created to serve as a global baseline for reporting across jurisdictions, are expected to be finalised in early 2023. Target 15 will likely be realised through the TNFD framework , with the final version expected to be published September 2023. .
On the other side of the Atlantic, President Joe Biden’s administration has created new climatechange units at agencies like the Treasury Department or the Federal Trade Commission to improve their efforts in regulating greenwashing. Science-aligned emissions reductions across all Scopes are fundamental to a credible climate strategy.
“The alliance is doing exactly what it set out to do ,” Remco Fischer, Climate Lead at the UN Environment Programme Finance Initiative (UNEP FI), told ESG Investor. Now that the rubber has hit the road, we are showing [how] promises have led to targets and targets have led to members taking action.
Alongside climatechange and pollution, overfishing is one of the biggest threats to our oceans yet the majority of the population is unaware of its meaning and implications. The first phase took place across 2023-24, supported by 35 investors representing US$6.5 trillion in combined assets.
“However, mining will still be needed, no matter how efficient we become in closing that loop.” Rising material extraction has shrunk global circularity from 9.1% in 2018, to 8.6% in 2020, and now 7.2%
In March 2021, the Align project was also launched, led by the United Nation’s Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) and funded by the European Commission.
Many [investors] claim the true cost of climatechange has not been priced in even now,” he says. LGIM’s Stansbury emphasises that, when it comes to tackling climatechange, it’s best for investors to “prepare and plan – don’t predict”. C of global warming by 2100 – and between 2.4-2.6°C
Vicki Bakshi, Climate Strategist at Columbia Threadneedle, outlines the key items on the agenda in Dubai and the predicted outcomes. Representatives from more than 200 governments will gather in the shadow of the Burj Khalifa from the 30 November for the 28th round of global climatechange negotiations.
Former UNEP FI head of risk David Carlin calls for a refocus on reducing carbon emissions at COP30 and doubles down on the concept of carbon markets. Despite international efforts to combat climatechange, the EUs Copernicus ClimateChange Service (C3S) has confirmed 2024 as the hottest year on record.
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