Post by account_disabled on Feb 18, 2024 17:02:21 GMT 10
This decade is the critical time to make deep, rapid cuts in emissions and act to protect people from the dangerous climate impacts we can no longer avoid, according to the latest report from the Intergovernmental Panel on Climate Change (IPCC).
But in addition to reiterating that the world is Middle East Mobile Number List now approximately 1.1°C warmer than during pre-industrial times, it provides 10 lessons or insights on how companies, governments and investors can work together to avoid the worst scenarios facing civilization. , establishing the levers that must be pulled to ensure a more livable and prosperous future for humanity, according to Business Green .
The future is today
Endorsed by governments over the weekend, the report's 'synthesis for policymakers' text is a critical resource for business leaders and investors seeking to strengthen near-term resilience and increase long-term profitability amid of a worsening climate crisis.
But by accepting this report, governments have now recognized that human rights and issues of equity, loss and damage are fundamental to effective climate action. And that locally relevant and socially acceptable actions are urgently required, because our options for resilient action are progressively reduced with each increase in warming above 1.5°C.
Without further ado, here we share 10 insights from the IPCC report for companies.
10 insights from the IPCC report for companies
1. Current businesses continue without significant changes
The report is unequivocal that human-caused climate change is affecting weather and climate extremes in all regions of the world, and will worsen without a major acceleration in political action and a dramatic increase in investment in climate solutions.
Current national climate plans and policies are on track to lead to a dangerous 2.8°C warming this century, despite repeated warnings from scientists that many ecosystems, small island nations and regions dependent on glaciers and melting snow will not be able to. adapt to temperatures above 1.5 °C warming.
But many countries have not yet enacted these promised policies, and global emissions rose again last year, meaning that under current policies the world is on track for warming of more than 3.2°C this century, with an increase potential up to 3.5 °C. At that level of warming, the projected climate impacts are genuinely catastrophic and carry a high risk of exceeding tipping points that trigger uncontrolled warming.
In conclusion, business as usual is not working. And the private sector is playing a leading role in this collective failure, as the actors who make the real economy work.
2. The solutions are there
Another insight from the IPCC report emphasizes that there is still time to achieve a sustainable, low-carbon economy where climate-resilient development becomes the norm. Meeting the Paris Agreement target of 1.5°C of warming is still achievable, and keeping temperature increases below 2°C is definitely achievable if quick action is taken.
The report notes that the technologies and solutions needed to combat the climate crisis are ready, available and increasingly affordable. The drastic cost reductions seen in the production of solar, wind and lithium-ion batteries over the last decade are highlighted.
Clearly, there is a large commercial opportunity to be exploited in the development of climate solutions and services. Disaster risk management, early warning systems, vaccine development, mental health, biodiversity restoration, agroforestry, urban agriculture, public transport, active mobility, green infrastructure, batteries, Sustainable biofuels, aviation and shipping decarbonization technologies, circular materials research, carbon capture, clean energy and networks are all solutions listed in the report.
insights from the IPCC report
3. Net zero by 2050 is no longer enough
During the report's launch, UN Secretary-General Antonio Guterres used his response to the IPCC findings to pronounce that the richest nations' 2050 net-zero targets should be brought forward to 2040, while emerging economies that still have not set goals for mid-century they should do so.
However, regardless of whether governments follow Guterres' advice, business leaders should be cautious and not assume that the climate goals set in the early 2020s will be enough to address climate change. Insights from the IPCC report suggest that forward-thinking companies must be ready to continually review and adapt their climate plans to address the increasingly severe consequences of climate change.
But in addition to reiterating that the world is Middle East Mobile Number List now approximately 1.1°C warmer than during pre-industrial times, it provides 10 lessons or insights on how companies, governments and investors can work together to avoid the worst scenarios facing civilization. , establishing the levers that must be pulled to ensure a more livable and prosperous future for humanity, according to Business Green .
The future is today
Endorsed by governments over the weekend, the report's 'synthesis for policymakers' text is a critical resource for business leaders and investors seeking to strengthen near-term resilience and increase long-term profitability amid of a worsening climate crisis.
But by accepting this report, governments have now recognized that human rights and issues of equity, loss and damage are fundamental to effective climate action. And that locally relevant and socially acceptable actions are urgently required, because our options for resilient action are progressively reduced with each increase in warming above 1.5°C.
Without further ado, here we share 10 insights from the IPCC report for companies.
10 insights from the IPCC report for companies
1. Current businesses continue without significant changes
The report is unequivocal that human-caused climate change is affecting weather and climate extremes in all regions of the world, and will worsen without a major acceleration in political action and a dramatic increase in investment in climate solutions.
Current national climate plans and policies are on track to lead to a dangerous 2.8°C warming this century, despite repeated warnings from scientists that many ecosystems, small island nations and regions dependent on glaciers and melting snow will not be able to. adapt to temperatures above 1.5 °C warming.
But many countries have not yet enacted these promised policies, and global emissions rose again last year, meaning that under current policies the world is on track for warming of more than 3.2°C this century, with an increase potential up to 3.5 °C. At that level of warming, the projected climate impacts are genuinely catastrophic and carry a high risk of exceeding tipping points that trigger uncontrolled warming.
In conclusion, business as usual is not working. And the private sector is playing a leading role in this collective failure, as the actors who make the real economy work.
2. The solutions are there
Another insight from the IPCC report emphasizes that there is still time to achieve a sustainable, low-carbon economy where climate-resilient development becomes the norm. Meeting the Paris Agreement target of 1.5°C of warming is still achievable, and keeping temperature increases below 2°C is definitely achievable if quick action is taken.
The report notes that the technologies and solutions needed to combat the climate crisis are ready, available and increasingly affordable. The drastic cost reductions seen in the production of solar, wind and lithium-ion batteries over the last decade are highlighted.
Clearly, there is a large commercial opportunity to be exploited in the development of climate solutions and services. Disaster risk management, early warning systems, vaccine development, mental health, biodiversity restoration, agroforestry, urban agriculture, public transport, active mobility, green infrastructure, batteries, Sustainable biofuels, aviation and shipping decarbonization technologies, circular materials research, carbon capture, clean energy and networks are all solutions listed in the report.
insights from the IPCC report
3. Net zero by 2050 is no longer enough
During the report's launch, UN Secretary-General Antonio Guterres used his response to the IPCC findings to pronounce that the richest nations' 2050 net-zero targets should be brought forward to 2040, while emerging economies that still have not set goals for mid-century they should do so.
However, regardless of whether governments follow Guterres' advice, business leaders should be cautious and not assume that the climate goals set in the early 2020s will be enough to address climate change. Insights from the IPCC report suggest that forward-thinking companies must be ready to continually review and adapt their climate plans to address the increasingly severe consequences of climate change.