( Four-minute read)
To grasp the nettle Cop26 has to realize that there can be no compromises with the Climate.
This is not a negotiation with each other. There is another unspoken negotiation going on too – called compromises which are fundamentally unambitious when it comes to Climate Change.
Reducing carbon emissions, improving the food supply and demand imbalance, and reducing water shortages: are the three biggest challenges that the world is currently facing.
At the current temperature rate, we have just 12 years to make a difference.
Public government finances are not enough to fund efforts to keep a global temperature rise below two degrees.
By 2030, by 2070, and by, by do not grasp that it is now we need to ensure your money is tied up ethically, sustainably, and responsibly so it will go a long way to alleviate the increasing effects of climate change, and the subsequent challenges it brings.
To meet growing demand, we need more food, resources, water, and energy and this increase in the use of resources presents global challenges that can not be met by public finances.
So the onus is on the financial sector to make strides for climate change, but most of the fund offerings within the sustainability or environmental space are mainly equity-only strategies.
This poses a significant challenge only in cost but in investment.
It is now that we need to invest in a green economic world that is brimming with prosperity – something that is only expected to rise in the future as the world moves towards a necessarily sustainable society.
Growth is the key reason for general investor interest in sustainability and environmental themes.
One only has to look at sovereign wealth funds investing more and more in the green economy.
Most end-markets in the sustainability space are expected to grow annually at double-digit rates over the next three to five years compared to low single-digit in most developed economies.
So why not now invest sustainably by issuing Green bonds with remuneration in order to provide a clear incentive to drive this change.
They will not just provide financial rewards, but environmental ones, too.
COP26 MIGHT BE THE MOST COMPLEX NEGOTIATION EVER ATTEMPTED.
Because humans are helplessly reciprocal creatures and without realizing it we mirror each other in what we say and how we say it.
Negotiations are rarely about the issue we’re talking about.
Try compromising with this lot.
The temperature rise has not been, and will not be, uniform or smooth across the country or over time.
Increased heavy precipitation events will continue.
Heat waves (periods of abnormally hot weather lasting days to weeks) everywhere are projected to become more intense.
Hurricane-associated storm intensity and rainfall rates are projected to increase as the climate continues to warm.
Sea level rise will continue past 2100 because the oceans take a very long time to respond to warmer conditions at the Earth’s surface.
The Arctic Ocean is expected to become essentially ice-free in summer before mid-century.
Global climate is projected to continue to change over this century and beyond.
The effects of human-caused global warming are happening now, are irreversible on the timescale of people alive today, and will worsen in the decades to come.
So we must figure out new ways of working together to create a sustainable world.
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