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Investment & Pensions Europe (December 23)

2022/ 12/ 25 by jd in Global News

“After seeming to hit a wall last week, negotiations” at COP15 ultimately “yielded an agreement on biodiversity – in a move that some hope will make it easier for the finance sector to address nature-related risks to their portfolios.” Similar to the breakthrough Paris Agreement, the Kunming-Montreal Global Biodiversity Framework “lays down a plan for dealing with the ecological crisis over coming years,” codifying a “commitment to ‘take action’ to conserve 30% of land, sea and freshwater sources by the end of the decade – known as the ‘30×30’ pledge.”

 

Bloomberg (November 14)

2021/ 11/ 15 by jd in Global News

The language of COP26 “crystallizes the more important reality that’s emerging away from the conference halls in power stations, industrial facilities and government offices around the world. In its modest way, it also helps edge that process along.” Since the 2015 Paris Agreement, electric cars have taken off beyond expectations and renewables are now “undercutting” fossil fuels for power generation: “one reason we’ve seen the likes of Indonesia, Vietnam, Poland and South Korea sign up to end the coal-fired electricity that they’ve been dependent on.”

 

Claims Journal (October 26)

2021/ 10/ 27 by jd in Global News

The “COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the 2015 Paris Agreement. The stakes for the planet are huge – among them the impact on economic livelihoods the world over and the future stability of the global financial system.”

 

The Guardian (September 15)

2021/ 09/ 16 by jd in Global News

“Every one of the world’s leading economies, including all the countries that make up the G20, is failing to meet commitments made in the landmark Paris agreement in order to stave off climate catastrophe, a damning new analysis has found.” With COP26 approaching, “none of the largest greenhouse gas emitting countries have made sufficient plans to lower pollution to meet what they agreed to in the 2015 Paris climate accord,” leaving the world “on track for 3C temperature increase if present trends continue.”

 

Reuters (November 29)

2019/ 12/ 01 by jd in Global News

“European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the financial crisis.” The investors assert that the Big Four audit firms “are not giving enough weight to a potentially rapid transition towards a low-carbon future as governments implement the 2015 Paris Agreement to curb climate change.”

 

Washington Post (April 7)

2017/ 04/ 08 by jd in Global News

The United States, France, the EU, China, India and 136 other parties have ratified the Paris agreement, which went into force in November. “Now is the time to implement it—to actually reduce our greenhouse-gas emissions, to ensure that policies match national commitments. It is time to develop and market clean technologies, and to seize new national and international economic opportunities.” But the “global fight cannot succeed if all parties are not fully on board and if they don’t assume their share of the burden or seek to capitalize on the opportunities.”

 

LA Times (October 6)

2016/ 10/ 08 by jd in Global News

“President Obama could be right in saying history may judge the ratification of the Paris Agreement as ‘a turning point for our planet.’ But if meaningful reductions in carbon emissions don’t follow, then history will judge this as the moment when the world acknowledged it had a problem, yet failed to fix it. The longer the world—and governments—dillydally, the more likely future generations will regard us as fools.”

 

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