2/22/2023 0 Comments Action essentials 3 freeFinancial institutions controlling a whopping $130 trillion of assets joined the Glasgow Financial Alliance for Net Zero in 2021. Too many anemic climate commitments and lack of transparency have understandably prompted skepticism. Promises to reach net-zero emissions by mid-century need to be credible. There are no silver bullets, but there are three essentials to sticky climate action: First, get real A shift in focus - from CO2 "parts per million" to people - is what will make climate action stick. This is a fundamental shift in thinking from where we were even 10 years ago. It’s increasingly clear that if we are to achieve transformative change at breakneck speed, climate action must be good for people here and now. The latest IPCC report finds that we have fewer than eight years to halve the world’s greenhouse gas emissions if we hope to limit temperature rise to 1.5 degrees Celsius (2.7 degrees Fahrenheit), the target scientists say is necessary for preventing the worst impacts of climate change. It’s fantastic.īut all these commitments depend on one thing: action - particularly by G20 nations.Īnd evidence shows that action isn’t happening fast enough. So do more than 1,000 cities and 750 companies. Today, 83 countries responsible for three-quarters of global emissions have net-zero commitments and policies in place. Many of these commitments were in pursuit of a massive goal - reaching net-zero emissions by mid-century. It began with a slow trickle and ended in a torrent of countries, cities and companies announcing goals to end deforestation, shift away from coal, transition to electric vehicles and more. The last decade was defined by commitments to tackle the climate crisis. This article was originally published on World Resources Institute.
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