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Environment Program World Conservation Monitoring Centre (UNEP-WCMC) produced for the Global Commission on Adaptation. Of 167 Nationally Determined Contributions submitted under the ParisAgreement, just 70 include nature-based adaptation actions; the majority of those are in low-income countries.
“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.
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. degrees celsius target.
Speaking at ESG Investor’s inaugural Stewardship Summit, UNEP FI’s Head of Climate Risk says transition finance flows to developing economies are too low to meet net zero targets. The post New Investment Models Needed for Net Zero Goals Warns UNEP FI’s Carlin appeared first on ESG Investor.
New and updated climate commitments fall far short of what is needed to meet the goals of the ParisAgreement, leaving the world on track for a global temperature rise of at least 2.7°C C this century, according to the UN Environment Programme’s (UNEP) latest Emissions Gap Report 2021: The Heat Is On. Zeroing in on net zero.
The global economy relies on the health of the ocean, says Dennis Fritsch, Project Coordinator, Sustainable Blue Economy Finance at the United Nations Environment Programme Finance Initiative (UNEP FI). UNEP FI is working towards integrating the use of sustainable finance practices in support of ocean health by the global financial community.
Submitted every five years under the ParisAgreement, NDCs outline each signatory country’s plans to decarbonise their respective economies including a set of intermediate targets and the steps to reach net zero, including policy action required to enforce compliance.
This is the assessment of Eric Usher, Head of the UN Environment Programme Finance Initiative (UNEP FI) which brings together the United Nations and the financial sector to develop responsible investment agendas. ClimateWatch reports that while 193 out of 197 countries have ratified the Parisagreement on climate change, covering 94.6%
Normal 0 21 false false false ES X-NONE X-NONE SDSN Youth and SDSN Youth Mediterranean launched the “Mediterranean Youth Solutions Report 2021”, an incredible opportunity for young students and researchers for contributing to the UN Agenda 2030 and promoting their professional paths.
New research from climate think tanks suggests that “immediate, transformational changes” across every sector are needed by 2030. The UNFCCC synthesis report recognises the need for systems transformation in a way that the ParisAgreement has “never articulated before”, according to Levin. Efforts to limit global warming to 1.5°C
SDSN is proud to have contributed to Chapter 6 "Transforming food systems" of UNEP's 2022 Emissions Gap Report thanks to our FABLE Consortium scientific director Aline Mosnier. gigatonnes of CO2 equivalent, less than one per cent, off projected global emissions in 2030. C in place. C in place. C in place. C over the century.
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 Adaptation bonds are among the potential vehicles for private investment, but policy action is still needed at COP28.
The UN Environment Programme’s (UNEP) 2023 ‘ State of Finance for Nature ’ report suggested that investments in nature-based solutions (NbS) to date have been underwhelming. Worse even: almost US$7 trillion are invested globally each year in activities that have a negative impact on nature – the equivalent to 7% of the global GDP.
COP28 represents a critical, and perhaps the last opportunity for Parties and non-state actors to deliver on the ambitions of the ParisAgreement to limit global average temperature increase to 1.5°C But this is not widely recognised.
Nature-based infrastructure solutions can influence 79% of all targets across the Sustainable Development Goals, highlighting the critical role nature can play in advancing sustainable development, climate action and biodiversity conservation, according to a new report by the UN Environment Programme (UNEP), UNOPS, and the University of Oxford.
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 C unless emission levels in 2030 are brought down further. For the 1.5°C
Countries including Germany and Australia made new commitments to protect nature, while many others backed efforts – expected to be enshrined in the GBF – to protect at least 30% of the planet’s land and oceans by 2030. But not his attitude to business. The post Take Five: Fewer Fans for GFANZ appeared first on ESG Investor.
“This year showed that climate change is an immediate direct threat to every community on this planet, and it is only going to intensify,” said Inger Andersen, Executive Director of UNEP. This number has now hit 136, although ambition varies.
UNEP FI estimates the current adaptation finance gap is around US$194-366 billion per year, and positively, Climate Policy Initiative (CPI) found last month that adaptation finance had reached an all-time high of US$63 billion, growing 28% from 2019/20. Developed countries have also been asked to prepare a report on doubling by COP29.
Ahead of the conference, the data had been collected and analysed, with assessments delivered on the effectiveness of actions taken to date, primarily in the form of signatories’ nationally determined contributions (NDCs) to the ParisAgreement. The official verdict was clear. C of climate change by 2100. C in realistic reach.
Speaking at ESG Investor’s inaugural Stewardship Summit, UNEP FI’s Carlin says transition finance flows to developing economies are too low to meet net zero targets.
SDG Global Advocate Dr. Alaa Murabit and UNEP Executive Director Erik Solheim also provided keynote remarks along with several panels focused on SDG implementation. This event was specifically designed to collect cutting edge research that will be critical to helping the world stay within the 2-degree limit, as defined in the ParisAgreement.
There’s no room for failure According to UNEP, nature-based solutions are needed to provide up to a third of the mitigation required by 2030 to keep the ParisAgreement target of 1.5°C gigatons of climate mitigation annually by 2030. C in reach. Nature-based solutions can deliver up to 12.5
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. Nor is it only companies as corporate entities that face possible lawsuits.
To accelerate this transition, UNEP has developed a Land Use Positive Impact Hub to support banks, asset owners and fund managers to determine how to measure the positive environmental and social (E&S) impacts of their land-use investments. Of the 51 climate-focused funds, representing US$30 billion AUM, only 10% were Paris aligned.
In 2022, China will host the Conference of the Parties to the UN Convention on Biological Diversity to agree a new Global Biodiversity Framework, including proposed targets to conserve at least 30% of land and the ocean by 2030 and to apply integrated biodiversity-inclusive spatial planning to address land- and sea-use change.
Despite this trend, commentators like Dan Carlin, UNEP FI’s Task Force on Climate-Related Financial Disclosures (TCFD) Program Lead, have made the case for further engagement with the fossil fuel industry. In fact, the total value of the institutions divesting is estimated to be US$40.5
C objective of the ParisAgreement would of course significantly limit these impacts. corresponding to a Paris-aligned world) leads to substantial impacts for many countries, especially in Latin America, Africa and Southeast Asia. Almost all countries might be faced with negative impacts, some as early as 2030 [7].
Yet, as the latest United Nations Environment Programme’s (UNEP) annual gap report shows, policies currently in place point to a 2.8°C C temperature rise by the end of the century, suggesting a need for urgent system-wide transformation to deliver the enormous cuts needed to limit greenhouse gas emissions by 2030.
Given that we have such a limited window for action, a science-led net zero strategy requires a very steep downward trajectory in emissions to halve them by 2030. The ‘State of Finance for Nature in the G20’ report by the UN Environment Programme (UNEP) called for efforts to plug a US$4.1 We need to be supporting both actions.
Six months on from COP26’s Global Methane Pledge, the quick wins needed to achieve 2030 targets pose steep challenges. At COP26, 112 countries signed the Global Methane Pledge , an initiative designed to reduce global methane emissions by at least 30% by 2030. Delivering on the pledge could reduce warming by at least 0.2?C
C temperature pathway. Last year, the UN Environment Programme’s (UNEP) ‘ Emissions Gap Report ’ said climate policies enacted worldwide could result in 2.8°C C as possible, experts say. The IPR forecasts that climate policies put in place since COP26 set the world on a 1.8°C C of global warming by 2100 – and between 2.4-2.6°C
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
New sheriffs have set up shop and are drawing up rules on both the supply and demand side of voluntary markets, which may eventually be reinforced by regulation introduced by policymakers in line with Article 6 of the ParisAgreement. . “At Global mangrove forests sequester around 22.8
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