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This, coupled with a nascent taxonomy process, makes investors even more than usually vulnerable to greenwashing. . A Climate Data Steering Committee has also been set up to “advise on the design of a unified global open climate data platform that will be available to the market, regulators, climatescientists and civil society”. .
Then, September broke its previous monthly heat record by half a degree Celsius — a margin so stunning that Zeke Hausfather, a climatescientist, declared it “ absolutely gobsmackingly bananas.” Carbon insetting Business-speak for companies reducing emissions in their own supplychains; an alternative to carbon offsetting.
Without intentional climate justice and public interest approaches to these benchmarks, net-zero campaigns are unlikely to confront the root issues of the climate crisis: a fossil-fuel-dependent geopolitical system driven by centuries of colonial-led extractive mining systems and resource control.
As demonstrated by Covid’s impact on supplychains , crises often cause global disruptions. The war and the sanctions regime are expected to create global supplychain problems and shortages of food (eg wheat) and raw materials including those required for key technologies (eg semi conductors).
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