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When Glasgow hosted COP26 in 2021, bringing together 120 world leaders and more than 40,000 participants, the UK was seen as a world leader in the battle against climate change. For example, agricultural assets may be at risk of stranding because of physical climate impacts such as drought and desertification. It’ll be a mess.”
For business, investments in fossil fuels are now far riskier because the market expects them to become strandedassets in the foreseeable future. As delegates head home, these are the key lessons that business leaders can take from Cop26. Nature came to Cop26 like never before. Their message to world leaders is loud.
If we can be creative, strategic and collaborative, working to reallocate finance towards climate and nature presents us with a fantastic opportunity to develop our economies and bring about a healthy capital flow between north and south. The post Creativity and Collaboration Vital to Finance Nature appeared first on ESG Investor.
Even so, we were reminded how far the G20 nations are from meeting their COP26 commitment to keep 1.5°C Perhaps these outcomes should not be a surprise after BlackRock, the world’s largest asset manager, described many 2022 climate resolutions as “ prescriptive or constraining ”.
At COP26 in Glasgow last year, governments, businesses, and other stakeholders in the automotive industry and road transport committed to “rapidly accelerating the transition to zero emission vehicles to achieve the goals of the Paris Agreement”. China has emerged as a driver of the global EV market, almost tripling sales in 2021 to reach 3.4
Present energy sources are diverse, with South Africa very reliant on coal, north African countries established as fossil fuel exporters, and east and central Africa making use of hydropower sources. While north Africa has almost universal access to electricity, most other regions provide access to around half of their collective populations.
SATURDAY 13 NOVEMBER – This statement is the We Mean Business Coalition response to the Glasgow Climate Pact, agreed at COP26. . An updated draft proposal was released by the COP26 Presidency this morning, on the last official day of the conference. READ THE FULL STATEMENT HERE > FRIDAY 12 NOVEMBER – ANALYSIS: .
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