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The CDP Global Water Report (2020) informs us that, when it comes to water security, “The cost of inaction is five times the cost of action.”. CDP and Planet Tracker’s High and Dry: How Water Issues Are StrandingAssets , May 2022 report recognizes that “Water risk is already strandingassets across major sectors of the globaleconomy.”.
Canada’s Environment and Climate Change Minister Steven Guilbeault said: “By eliminating inefficient fossil fuel subsidies, we are encouraging smart and efficient government investment decisions that can increase Canada’s competitiveness in a decarbonizing globaleconomy, while avoiding creation of strandedassets.
This is, presumably, what the new BlackRock and State Street stewardship programmes offer: the opportunity to have their voices heard at the companies whose business plans will make a meaningful difference to achieving global climate goals and the sustainable growth of the globaleconomy.
Mobilising new capital and working to re-direct existing capital is a vital part of efforts to create a Brazilian – and globaleconomy – that is fit for the long term. It’s part of our fiduciary duty to be at the forefront of efforts to scale up and re-allocate capital. Yet the world is changing.
“The harsh reality is that emissions are continuing to rise,” says Philipponnat, adding that much of the discussion among policymakers has centred around reducing the CO2 intensity of our globaleconomy. As these perilous climate projections unfold, one might expect an inevitable upheaval in the globaleconomy.
With the globaleconomy heavily reliant on ocean health, a sustainable future is paramount. To date, the ocean and its ecosystems have provided significant benefits to the global community, including climate regulation, coastal protection, food, employment, recreation and cultural well-being.
The ongoing COVID-19 pandemic has brought our globaleconomy to a standstill, with fears of the worst recession since 1929. Economies around the world are reeling from the cascading shocks wrought upon them since the beginning of March. (This post was published earlier this year on Medium. Japan has already planned USD 2.2
Charlotta Dawidowski Sydstrand , Head of ESG at AP7, explains how universal owner s can exert collaborative pressure to drive sustainable outcomes in the globaleconomy. This, says Sydstrand, creates a “ripple effect” in the globaleconomy.
Cate Lamb, Global Director for Water Security at CDP, said: “To be able to act effectively, companies must develop a robust understanding of how they contribute to the plastic pollution crisis and formulate equitable and just transition plans to address this.
Financial organisations thus have a major role to play in the decarbonisation of the globaleconomy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 When developing an investment decarbonisation approach aligned with +1.5°C trillion USD in fossil fuels.
The Organisation for Economic Co-operation and Development (OECD) has estimated that maritime trade volumes will triple by 2050. As with many other facets of climate-related regulation, the EU has been one of the frontrunners in developing and implementing its sustainable maritime strategy.
iii Transporting 80% of world trade, shipping is the engine room of the globaleconomy. However, despite being the most efficient and environmental way to transport goods, it emits 2% of global emissions, equivalent to the annual emissions of Japan. Wärtsilä says it has been developing multiple fuel options.
Regardless of geopolitical developments, decentralised energy systems based on renewable energy sources increase energy independence and security, while lowering costs for end-consumers and contributing towards the decarbonisation of economies,” says Marco van Daele, Co-CEO and CIO at SUSI Partners, a Swiss-based infrastructure fund manager.
Read live updates from on the ground in Glasgow, including the latest business announcements, policy breakthroughs and other key developments. . The Glasgow Climate Pact represents a vital step in our shared efforts to keep global warming to 1.5 °C Anything less is incompatible with limiting global temperature rise to 1.5ºC.”
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