Investment & Pensions Europe (December 23)
“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.”
Tags: Biodiversity, Breakthrough, Commitment, COP15, Ecological crisis, Finance, Freshwater, Kunming-Montreal Global Biodiversity Framework, Land, Nature, Negotiations, Paris Agreement, Portfolios, Risks, Sea, Take action
Time (January 4)
“Sea surface temperatures have risen globally in recent years as a result of man-made climate change,” but not uniformly. Though more hurricanes are being spawned in the middle of the Atlantic, temperatures along the U.S. coast “have remained relatively cool,” providing protection. Many storms “hit Caribbean islands hard but leave the U.S. largely unscathed.” Alas, the favorable “surface temperatures that protect the U.S. could easily disappear.”
Tags: Atlantic, Caribbean, Climate change, Coast, Hurricanes, Man-made, Sea, Temperatures, U.S.
