Monday, 22 October, 2018

How Investors Can Work Against Climate Change

Flooding near the Rideau River in 2017 Flooding near the Rideau River in 2017
Eleanor Moreno | 11 October, 2018, 22:52

McCormack said he recognizes the concerns laid out in the IPCC report. It also is influential driver to alter the mind and will of political leaders, including the climate-deniers as well as the stallers and breakers of the global consensus.

The Special Report on Global Warming of 1.5ºC was approved by the IPCC on Saturday in Incheon, Republic of Korea.

A climate change report issued by leading scientists could be linked to the extreme weather seen throughout the local area this summer.

UNDP Climate Change Adaptation and Resilience Specialist Jenty Kirsch-Wood said there is at least US$10 billion of Foreign Direct Investment available to support Việt Nam's transition to cleaner energy and energy saving if current barriers blocking such investment are lifted.

If people don't act now, the report says, we will hit 1.5 C somewhere between 2030 and 2052. Warming beyond that level, to 2 degrees and over, would significantly exacerbate such disasters.

Besides, the country also has a large potential for energy saving of up to 7.0% relative to the business-as-usual, through to year 2035.

The United Nations Intergovernmental Panel on Climate Change says there will be irreversible changes and the entire loss of some ecosystems if the world doesn't take immediate and intensive action to cut greenhouse gas emissions far more than is occurring now.

"This change can happen in two ways: in our collected effect on the climate and biodiversity, and the runaway effect of powerful new technologies, such bio, cyber and artificial intelligence".


Decades ago, Congress refused to ratify the Kyoto Protocol, which represented the first step toward meaningful global action on climate in 1992.

More than 60 leading climate scientists and health experts, a lot of them from Washington state, are urging support for a carbon fee on the November ballot. The sea level rise by 2100, for example, will be lower than 10cm in case of a temperature rise of 1.5°C as compared to a 2°C rise.

This is the first report since the Paris Agreement of 2015, an agreement in which Canada led the way in a pledge to restrict global temperature rise to 1.5°C. Global net emissions of carbon dioxide would need to fall by 45 per cent from 2010 levels by 2030, and reach "net zero" around 2050. Scientists warn that droughts, floods, heatwaves, brush fires and storms will become more intense as temperatures rise, with potentially disastrous consequences for the environment, including the Great Barrier Reef, and human health.

The data in the UN's new document is unlikely to sway Trump, who has vowed to pull the USA out of the Paris Agreement and has taken steps to dismantle every major policy created to reduce the nation's carbon footprint. 12 years. The world only has 12 years left to try and fix the irreparable damage we have created.

Wendel Trio, the director of the Climate Action Network (CAN) said that it was "encouraging" that many European ministers have expressed interest in increasing the target limits and called on the other EU nations to prepare for a radical policy shift.

"This is probably the most significant IPCC report in recent times for SIDS and their cause is well represented in this particular scientific assessment".

The United Nations (UN) has reeled out unprecedented changes humanity must make to avoid extinction from catastrophic climate change in twelve years.

Trump, who has previously called climate change a "hoax", was speaking on the White House lawn on Tuesday when he said the report "was given to me".

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