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By Samantha Willis, Biodiversity Consultant at Ramboll In a significant step towards global nature recovery, bridging the Nature-Finance gap was at the heart of negotiations during the recent extended COP 16 session, which concluded in Rome on the 27th February. As of October 2024, only 17.16% of land and 8.4% Samantha Willis of Ramboll.
million homes, by 2030, according to a new report from the industry group ADBA. This would deliver a 6% reduction in total UK greenhouse gases emissions, specifically within the hard-to-decarbonise sectors of heat, transport, waste management and agriculture, and 30% of the reduction needed by 2030 to meet our legally binding carbon budget.
The Government has claimed that it is “on track to reach its target to protect 30% of UK land and sea for nature 2030”, but the department responsible cannot provide any evidence to back-up these assertions, as new findings reveal, which were published on 10 October by environmental groups.
With the right backing, nearly £30 billion of private investment into renewables, across all technologies, can be secured this autumn, with an industrial plan to stimulate the jobs and careers across Britain, kickstarting economic growth and industrial reinvention”. You have come an incredibly long way in a few short decades.
Maybe it was the offer of warm sun in December, but this year’s COP drew 100K attendees, almost double the size of COP15 in Paris. Climate tech played its biggest role ever at COP this year. The oil & gas COP. This was the COP of the climate and O&G juxtaposition. The greenwashing was unavoidable.
We have only until 2030 to get things on track for a net-zero and nature-positive economy — this should sharpen our minds for action. The key for 2021 will be to supersize the good examples of these kinds of efforts and bring them together to help shape a decade of unprecedented partnership and action to 2030.
This is the first COP where we are face-to-face with the reality of breaching the 1.5C It was also the first to be chaired by an oil and gas executive, putting a crude spotlight on the conflicting interests that have become entrenched in the COP process. And this year’s COP finally looked it in the eye. It’s not surprising.
A new study from the Energy Department’s Lawrence Berkeley National Laboratory found that deploying 307 GW of solar and 142 GW of wind capacity in India by 2030 would need around a $26.5 billion annual investment. Installing 450 GW of renewables by 2030 could help meet Modi’s target, the report said.
The Catholic group said it had already removed fossil fuels from around half its investment portfolio, which is managed by three different equity fund managers, in addition to stepping up its efforts as a shareholder on company boards to encourage greener business practices. COP 26 in Glasgow can be the right moment," he said. "We
But they found that a lack of enabling policies from governments, such as guaranteeing markets and prices for producers and consumers, was holding back investment in the shipping infrastructure needed to support the global energy transition. Worryingly, only 4% of these projects have a final investment decision.
Published ahead of the UN Biodiversity Conference (COP-15) that begins on 11 October, the report also outlines how investments in biodiversity contribute to gender equity, women and youth empowerment, and nutrition. If development investments do not take nature into account, our money will be wasted,” said Puri.
Progress did seem to be forthcoming on cutting methane emissions, with more than 100 countries (although not China) – committing to a 30% reduction by 2030 compared to the 2030 baseline. COP president Alok Sharma described it as “a fragile win”. What can be done with the captured CO2? degrees alive.
Rosberg took a particular interest in electric and autonomous vehicles, taking regular trips to Silicon Valley, and going on to invest in a number of green start-ups and innovations. Because 15 years' ago, a COP would not have been like that. If you had $100bn to spend on climate action, what would you invest it in?
COP28 Climate Summit President Sultan Ahmed al Jaber has called for a tripling of clean energy generation by 2030 and a doubling of low-carbon hydrogen capacity by 2030, as he used his first address since being appointed to lead this year's global climate talks to promise a "COP of action". target within reach. "We
As such, in May the company urged the EU to use its upcoming Farm to Fork and Biodiversity 2030 strategies to establish an EU Common Food Policy that provides incentives to farmers to switch to regenerative practices.
Next spring, government envoys are convening at the UN Biodiversity Conference (COP 15) in Kunming, China, to negotiate new global biodiversity goals for the coming decades within the Convention on Biological Diversity (CBD). Current CBD plans aim at placing 20% of degraded ecosystems under restoration by 2030. “We
The year 2023 was a record-setting year for investment and growth in clean energy, with the International Energy Agency projecting over 500GW of new renewable capacity to come online by year-end globally. These trends were supercharged at COP28, where over 100 countries committed to a tripling of renewable energy capacity by 2030.
With the conclusion of the first part of COP-15 we have taken a critical step towards writing a new chapter for our planet and for our societies," she said. Elizabeth Maruma Mrema, Executive Secretary of the UN's Convention on Biological Diversity, said the latest round of talks had delivered encouraging progress.
I came away with three main takeaways for companies in the food and agriculture sector: It’s time to act 2030 is fast approaching and a changing climate is already here. Companies should also support farmers by investing in innovative solutions, particularly to tackle enteric methane. The time to take bold climate action is now.
A coalition of more than 50 countries has committed to protect almost a third of the planet by 2030 to halt the destruction of the natural world and slow extinctions of wildlife. Greta Thunberg tweeted: “LIVE from #OnePlanetSummit in Paris: Bla bla nature Bla bla important Bla bla ambitious Bla bla green investments…”.
By September this year, Guterres said all businesses, cities, regions, and financial institutions that have pledged to achieve net zero emissions by 2050 should present their transition plans "with credible and ambitious targets for 2025 and 2030", as recommended by the UN net zero expert group appointed by the secretary-general last year.
On the plus side, the pact reaffirmed the central importance of 1.5C (our best chance to avoid the worst impacts of climate change), mentions coal and fossil fuels for the first time, and calls for countries to “revisit and strengthen” 2030 climate pledges by the end of 2022 instead of waiting another five years. of warming.
The stand claims that plans to expand the project’s capacity from an annual 800,000 tonnes of CO2 today to five million tonnes by 2030 will capture the equivalent carbon of a forest “almost a third the size of the UAE”. Newly elected Brazilian President Luiz Inácio Lula da Silva has called for the 2024 COP to be held in the Amazon.
per year, when they need to be falling by 7% every year to 2030, according to some estimates, to keep alive the hopes of the Paris agreement. Fossil fuels were mentioned for the first time in a COP text two years ago, at COP26 in Glasgow. King continued: “Ensuring 1.5C
The $200bn nations committed to mobilise by 2030 in the final deal , after all, assumes a significant increase in flows of finance from the private sector finance, whether than is through philanthropy, investments in nature-based solutions, or transformed business models. As a fellow COP veteran, Stora Enso's Croucher, concurred.
A higher 2030 NDC target is to be welcomed, but it must be underpinned by plans to protect and restore nature, argues WWF's Gareth Redmond-King. Anyone who remembers the start of 2020 will recall a time when there was to be a climate COP in the UK in November. The UK has a legal commitment to decarbonise to reach net zero by 2050.
However, a commitment to phase out coal powered electricity by 2030 that was reportedly included in a draft version of the agreement has been struck from the final communique, with the Ministers declining to set a firm coal phase out deadline.
Leading waste charity WRAP today published its final report for the Sustainable Clothing Action Plan, as it simultaneously released the first progress report for its successor initiative, Textiles 2030, which is aiming to help the fashion sector halve its greenhouse gas emissions over the next decade.
The draft regulations, which are now proceeding through their public consultation phase, aim to cap greenhouse gas emissions from the oil and gas sector at 35 percent below 2019 levels by 2030. Minister Guilbeault has said the government wants to motivate producers to invest their considerable annual profits — estimated at $66.6
That's an amazing transition that demonstrates to the world that it’s possible to transition beyond coal by 2030 in advanced economies (and 2040 globally) as the latest climate science dictates. gears up to host the next round of COP climate talks in Glasgow, which may be the first COP to run ‘coal free.’
The EU and Turkey have both unveiled fresh 2030 climate targets in support of the Paris Agreement at the COP27 Climate Summit today, although hopes are already receding that the welcome announcements could inject some much needed urgency into talks that continue to move at a snail's pace. Russia's war against Ukraine will end.
The event will host energy ecosystem stakeholders to unpack the industry’s priorities including its strategic roadmaps, visionary reforms, low cost capital investments and breakthrough technologies for building India’s long term self-reliance in energy.
We need urgent, global leadership and immediate action to change the way we use land, to invest in the restoration of nature, to cut emissions and critically to stop destroying forests for food production," said Katie White, executive director of advocacy and campaigns at WWF.
This Conference of Parties (COP) was highly anticipated as a critical inflection point where our economies and societies set forth on an ambitious and clearly defined path to decarbonize by 2050 and keep warming below 1.5 Department of Energy–backed research effort to bring the cost of carbon removal below $100 a ton by 2030.
At the same event, Foreign Secretary Dominic Raab and COP President Alok Sharma will convene a roundtable on the Clean Power Transition with the UN Secretary-General Antonio Guterres, bringing together ministers from eight African and European countries.
The first few days of COP have ushered in a wave of major announcements and funding pledges. Countries and companies have also kicked off pledges to triple investments in renewables and nuclear, drive down methane emissions, and commit loss and damage funds. billion needed to reach its $250 billion goal by 2030.
Decisions made during this Parliament on infrastructure and investment will be critical in delivering a net zero economy, argues EAC chair Philip Dunne MP. °C by 2030 and existing commitments to cut emissions would only limit temperature rises to 3.2°C °C, as set out in the Paris Agreement. The world is likely to exceed 1.5°C
The IPCC recently conducted a study into the combined effects of all the agreed targets of the countries taking part in the ongoing COP talks. Tucked away in the report is this: “The available NDCs of all 191 Parties taken together imply a sizable increase in global GHG emissions in 2030 compared to 2010, of about 16%”.
All four companies have "ambitious and credible climate action plans" to drive down their emissions in line with climate science, and will "support the delivery of a successful and ambitious COP next November", the government said today.
Companies must both cut emissions and significantly increase investment in nature-based solutions if global climate goals are to be reached, writes Maria Mendiluce, CEO, We Mean Business. If scaled up now, NbS could provide roughly a third of the emissions reductions needed to reach our global climate goals by 2030. °C mark.
In my first fortnight as COP President, I have been listening to those who have done this before. ??Meeting Meeting people like Paris COP President Laurent Fabius, UN Deputy Secretary-General Amina Mohammed and Patricia Espinosa from the UNFCCC. ??And, And we are getting ready for it.??.
Similarly, commodities multinational Cargill says it will “advance” the use of regenerative methods across 10 million acres by 2030, but does not provide the details of how it will do that. Again, the strategy is partial. Cargill’s target covers only its North America holdings, while the company operates in 70 countries worldwide.
I also want particularly to thank COP President Alok Sharma who has worked incredibly hard to bring countries together. Despite the Covid-19 crisis, we have accelerated action, the COP has responded to the IPCC's call to close the gap towards 1.5, Greenwashing is the new climate denial, and we have seen too much at play in this COP.
We need all countries to submit more ambitious Nationally Determined Contributions ( NDC ), driving further cuts in carbon emissions by 2030. In addition to raising ambition, the UK's COP Presidency will focus efforts on 5 areas which need particular attention to achieve our goals. We are putting over NZ$1.2 We are putting over NZ$1.2
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