2019-12-11 10:25:00
GREAT CLIMATE AMBITION
WNN - 10 December 2019 - The largest-ever group of investors has called on governments to phase out thermal coal power worldwide, put a price on carbon, end subsidies for fossil fuels, and strengthen nationally-determined contributions. The 631 institutional investors managing more than USD37 trillion in assets urged governments to step up efforts to tackle the global climate crisis and achieve the goals of the Paris Agreement, in a joint statement issued yesterday at the United Nations COP25 climate summit.
The Global Investor Statement to Governments on Climate Change was developed by the seven founding partners of The Investor Agenda.
"The global shift to clean energy is under way, but much more needs to be done by governments to accelerate the low-carbon transition and to improve the resilience of our economy, society and the financial system to climate risks," the investors wrote. They warned the current government commitments leave an "ambition gap" that will not prevent global average temperature from rising beyond the 1.5 degree threshold that scientists warn could trigger catastrophic and irreversible effects of climate change.
United Nations Secretary-General António Guterres highlighted the investor call to action in his remarks to heads of state and government at COP25 on 2 December. "Because societies are moving, business communities are moving, local authorities are moving, the youth is moving. It is for political leaders to be able to take profit of this movement and to lead for us to be able to defeat climate change."
The Investor Agenda was launched in 2018 by seven founding partners - Asia Investor Group on Climate Change, CDP, Ceres, Investor Group on Climate Change, Institutional Investors Group on Climate Change, Principles for Responsible Investment and UNEP Finance Initiative.
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Earlier:
2019, December, 9, 13:05:00
NUCLEAR POWER FOR CLIMATE
recent reports from the Intergovernmental Panel on Climate Change (IPCC), the International Energy Agency (IEA), and the World Energy Council have all highlighted nuclear power's role in the energy transition;
2019, December, 9, 13:00:00
NUCLEAR POWER FOR CO2 CUTTING
A new report by researchers at the Massachusetts Institute of Technology examined various scenarios for the decarbonization of the nation’s electricity sector. The MIT researcher’s simulations showed that availability of nuclear powered generation would help reduce the needed carbon price by up to 67 percent (to less than $40 per ton) in meeting a 90-percent reduction target (below 2005 levels) by 2050.
2019, December, 4, 12:37:00
TO REDUCE EMISSIONS BY 7.6%
To limit global temperature rise to the necessary 1.5 degrees by the end of this century, we must reduce emissions by 45 per cent from 2010 levels by 2030, and we must achieve climate neutrality by 2050.
2019, November, 27, 12:10:00
UN: CLIMATE CHANGES, IMPACTS
Even if countries meet commitments made under the 2015 Paris Agreement, the world is heading for a 3.2 degrees Celsius global temperature rise over pre-industrial levels, leading to even wider-ranging and more destructive climate impacts, warns a report from the UN Environment Programme,
2019, November, 27, 12:05:00
GREENHOUSE GAS CONCENTRATIONS UP
Levels of heat-trapping greenhouse gases in the atmosphere have reached another new record high, according to the World Meteorological Organization. This continuing long-term trend means that future generations will be confronted with increasingly severe impacts of climate change, including rising temperatures, more extreme weather, water stress, sea level rise and disruption to marine and land ecosystems.
2019, November, 25, 12:40:00
CLIMATE: POSSIBILITIES FOR RESILIENCE
According to the Environmental and Energy Study Institute (EESI), it is much more expensive to rebuild homes than to initially build them right.
