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Former chair of the Committee on Climate Change Lord Deben believes the country can get back on track to netzero and regain its status as a global leader. The new government must rectify this and produce a detailed, complete programme showing how it will reach netzero by 2050,” he advised. It’ll be a mess.”
While the grid operators in Ontario and Alberta are both “investigating pathways to a net-zero power grid,” CEC points to a fatal flaw in their analysis — they rely too often on obsolete data that may go back as far as 2001, or draw from experience in other countries.
C, and investee companies are not yet facing full scrutiny of their netzero transition strategies, posing challenges for institutional investors committed to decarbonising their portfolios in line with the Paris Agreement. Others might set a target for some or all portfolio companies to be netzero aligned by 2030.
Extreme weather events increasingly point to a future that will be more dangerous than the climate that has so far underpinned human progress. While investment portfolios will take time to reflect a climate-aligned, resilient approach, in an ideal scenario, we would see an orderly shift to a net-zero economy.
The science shows roughly half the world’s population likely to be exposed to the impacts of climate change, and once-in-a-century climate disasters on track to become annual events. Already, “widespread and rapid changes in the atmosphere, ocean, cryosphere , and biosphere have occurred,” the report says. Overshooting 1.5°C
billion to acquire 335 million barrels of oil in Texas and Mexico,” said Patrick DeRochie, Senior Manager of Shift. “The CPPIB is risking our national retirement fund on strandedassets and investing in a future of ever-worsening climate disaster.” The post CAFA to Catapult Canada to Climate Leader appeared first on ESG Investor.
The Real World Climate Scenarios initiative aims to address the issue by developing more relevant scenarios that integrate the complex the overlapping impacts such as geopolitical, extreme weather events, migration and strandedassets, among others.
“Increasing gas infrastructure must be avoided to avert dangerous climate impacts and strandedassets.”. Instead of slowing down the decarbonisation of the global economy, now is the time to accelerate the energy transition to a renewable energy future.”.
According to research by MSCI, nearly half (44%) of listed companies have now set decarbonisation targets, representing an eight-percentage-point increase than was reported in the October 2022 MSCI Net-Zero Tracker , but only 17% of those targets would align with the 1.5°C
But policy action is slow and uneven: while the first UN water conference in 50 years wrought a long list of commitments (despite a lack of engagement at senior governmental levels) under the Water Action Agenda , these can be overtaken or offset by events; albeit typically ones less dramatic than those seen in Japan this week.
The same could be said for her, a longtime climate and energy-transition advocate who is deeply invested in several organizations trying to speed up the net-zero economy. But if you talk extreme events, droughts, heat waves, people across political spectrums agree it is an issue. But language matters.
The actions being taken by signatories to WorldGBC’s NetZero Carbon Buildings Commitment to tackle whole life carbon are critical because they are driving emissions reductions now and in the future. The businesses and organizations signed up to the commitment account for approximately 6.5 ANALYSIS: . ANALYSIS: .
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