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WWF: Environmental degradation on course to cost global economy £8tr

Business Green

Water shortages and a decline in pollinators will affect agricultural production levels, trade, and food prices across Eastern and Western Africa, central Asia and parts of South America, the study predicts. The study also estimates economic costs arising from the loss of specific ecosystem services.

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The COP28 pledge to triple up by 2030 and implications for geothermal

ThinkGeoEnergy

Tripling the world’s renewable energy production to 11,000 GW by 2030, coupled with doubling energy efficiency, is the most impactful action to rapidly decarbonize this decade, as highlighted in the pre-COP report by the GRA, the COP28 Presidency and IRENA.

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We want to deliver a green recovery in partnership with business and finance

Business Green

In January this year, I helped launch East Africa's first ‘green bond' on the Nairobi securities exchange, followed by its dual listing on the London Stock Exchange. And ahead of COP, we want to see investors take crucial actions, such as setting a target for net zero and publishing a clear transition plan on how to achieve this.

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'Grave and mounting threat': IPCC again raises alarm that climate impacts are proving worse than feared

Business Green

Blagojevic said the UK had a responsibility as COP president to push the international community to respond to the report's warnings. Hoesung Lee, chair of the IPCC, said the findings were a "dire warning" about the consequences of inaction on climate change.

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Reports: Johnson to push for 'Green Marshall Plan' at G7 Summit

Business Green

As such, the UK government is said to be working on plans for a new multibillion-pound green development bank that could both directly fund low carbon infrastructure projects across Asia, Africa, and South America, and underwrite private investment. The voice of vulnerable countries is really important at COPs," he explained.

COP 53
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What happened at COP in Baku?

Envirotec Magazine

And increasingly, the focus of COP seems to be on finance, and negotiations that – it is hoped – will provide pathways for finance to flow to where it’s needed, via mechanisms such as ESG and carbon markets. We are very encouraged by Britain’s commitment to addressing the issue.”

COP 130
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Earth Day: Prime Minister urges world leaders not to 'throw away chance to preserve our planet'

Business Green

Speculation is continuing to mount over whether the two high profile summits will be able to proceed as planned, given the worsening coronavirus waves currently afflicting parts of Europe, Asia, Africa, and South America.