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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.
Reducing emissions from deforestation and forest degradation is necessary to achieve the goals of the ParisAgreement and ensure a safe and livable climate, with recent research by UNEP suggesting action on forests could deliver around 20 percent of the emissions reductions needed over the next decade.
“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.
The in-person event, hosted within the UN Environment Programme (UNEP) Regional Office for Asia-Pacific, runs from August 30 to September 1, during the Korea Global Adaptation Week (KGAW) 2023, one of the most notable adaptation events of the year, aiming to promote actions and practices to adapt to the negative impacts of climate change.
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.
Jessica Smith, Nature Lead at the UNEP FI, says it’s time for biodiversity to take its place alongside climate in investor priorities. of the ParisAgreement on Climate Change. “We UNEP FI is going to play a big role in in the year ahead in the piloting programmes to work out what this will look like.”.
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.
The Sector Standard for Coal enables comprehensive and comparable disclosure on: How companies respond to climate change mitigation demands , as reflected in the ParisAgreement, including plans to transition away from coal mining.
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. NDCs are expected to play a central role at this year’s COP.
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.
There is a 'massive gap between rhetoric and reality' that must be closed by new climate pledges being drafted under the ParisAgreement, the UN Environment Programme (UNEP) says.
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%
Scientists at the UN Environment Programme (UNEP) have now warned in a new report that many more “reservoirs of ancient, mostly uncharacterised microorganisms and viruses” could be lurking under the tundra – which is warming at four times the global average. Some of the identified risks are, unsurprisingly, environmental.
Founded in April 2021 by UNEP FI, the NZBA has 143 members overseeing US$74 trillion in capital. trillion towards fossil fuel expansion since the 2015 ParisAgreement. More than 50% of NZBA’s members had to vote and two thirds of votes cast had to be in favour for the updates to pass. billion from Barclays.
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.
Says Neil Burgess, Chief Scientist at UNEP-WCMC: “ Nature Map is a crucial new tool that can help to guide policies that tackle the twin crises of climate change and biodiversity loss together. Thus, they can play a critical role in making next year’s COP26 of the climate convention and COP15 under the biodiversity convention a success.
In January this year, the UN Environment Programme (UNEP) cast doubt on some of the more extravagant claims made for the ‘green-ness’ of natural gas. Here too, the skills of lobbyists are urgently sought, due to a UN agreement that member-governments will finalise a global treaty on plastic pollution by the end of next year.
The Report features 50 game-changing projects led by young people, allowing them to showcase their work, and providing them with the opportunity to draw interest from potential supporters.
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.
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.
limit suggested in the ParisAgreement requires comprehensive action by all signatories. It will be led and co-chaired by the Director-General of the United Nations Industrial Development Organization (UNIDO) and the President of the Sustainable Development Solutions Network (SDSN).
The UNFCCC synthesis report recognises the need for systems transformation in a way that the ParisAgreement has “never articulated before”, according to Levin.
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.
Speaking in New York , UNEP Executive Director Inger Andersen, noted that ‘30×30’ is just one of 21 elements of the draft framework, and urged governments to go beyond commitments to “hold each other and ourselves to account”. But not his attitude to business. The post Take Five: Fewer Fans for GFANZ appeared first on ESG Investor.
The UN Environment Programme (UNEP) says: “This vulnerability is driven by the prevailing low levels of socioeconomic growth in the continent. UNEP wants to see more investment diverted towards supporting African countries in meeting their nationally determined contributions (NDCs). This is the case in Africa.”. Increasing concern.
The pace of NZBA members’ transition efforts has also been subject to criticism, with research suggesting tens of billions of dollars has been funnelled into fossil fuel companies by signatories. The NZBA’s latest progress report on members’ net zero transition will be released shortly.
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 For the 1.5°C C goal, emissions need to be cut by 42%.
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.
With adaptation finance flows remaining dangerously low to meet climate goals, has COP28 made a difference? Developed countries have also been asked to prepare a report on doubling by COP29.
Dutch Finance Minister Sigrid Kaag reportedly said at COP that she didn’t know whether far-right Dutch leader Geert Wilders, who is trying to form a governing coalition in the Netherlands, will be able to implement some of his pledges, such as exiting the ParisAgreement or dismantling green funds.
“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.
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.
Since a breakthrough at COP20 in Lima , the role of non-state actors – including cities, states, regions, companies, investors and foundations – in the United Nations Framework Convention on Climate Change (UNFCCC) process has been a tentative, but long-fought-for journey in support of efforts to keep global average temperatures below 2°C, in line (..)
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.
The approach is also designed to allow organisations to signal their alignment to global policy goals, such as the recently negotiated Global Biodiversity Framework much as they are now doing with climate reporting and net zero transition planning aligned to the goals of the ParisAgreement.
In 2005, a group of investment managers organised under the UN Environment Programme Finance Initiative (UNEP FI) commissioned law firm Freshfields Bruckhaus Deringer to publish a report , ‘A Legal Framework for the Integration of ESG Issues into Institutional Investment’. How does fiduciary duty relate to sustainable investment?
The NZIA and NZAOA are part of GFANZ, which was set up by UN Climate Envoy Mark Carney, and requires members to commit to reducing their greenhouse gas (GHG) emissions in line with the ParisAgreement. “The question is whether GFANZ and its alliances will show some spine and stand up against the attacks and ratchet up the level of ambition they expect (..)
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.
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.
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 C in reach. Nature-based solutions can deliver up to 12.5 gigatons of climate mitigation annually by 2030.
trillion AUM. “The alliance is doing exactly what it set out to do ,” Remco Fischer, Climate Lead at the UN Environment Programme Finance Initiative (UNEP FI), told ESG Investor. Now that the rubber has hit the road, we are showing [how] promises have led to targets and targets have led to members taking action.
In this session, the Council will present engineering solutions for the energy transition and some key recommendations to serve as critical engineering inputs to COP negotiations.
Impakter How Biomimicry Can Solve the Environmental Crisis In trying to “get ahead” in our evolutionary drive to survive, the majority of humans have cut corners, denied their biological identity and consequently, fallen out of sync with our natural environment.
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