Monday, 18 September 2024.
Whereas world geopolitical threat will increase, dividing consideration with pure issues similar to local weather adaptation and actions, one other United Nations Normal Meeting (UNGA) began final 10 September in New York, United States.
Obtainable in a number of languages, you may entry it by clicking on the picture beneath. Or right here for the draft in English.
Besides perhaps for the substitute intelligence and nuclear weapons views – a tense future – it’s one other doc reinforcing actions already proposed, similar to:
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“transitioning away from fossil fuels in energy systems”
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“enhanced efforts towards halting and reversing deforestation and forest degradation by 2030, and other terrestrial and marine ecosystems acting as sinks and reservoirs of greenhouse gases and by conserving biodiversity, while ensuring social and environmental safeguards”
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“accelerating zero- and low-emission technologies, including, inter alia, renewables, nuclear, abatement and removal technologies such as carbon capture and utilization and storage… and low-carbon hydrogen production”
It additionally brings new guarantees to keep watch over, similar to “reaffirm our resolve to set” at COP-29 in Azerbaijan “a new collective quantified goal from a floor of US$ 100 billion per year, taking into account the needs and priorities of developing countries”.
“Follow the money” is a phrase we hear once in a while. Amongst others, because it is a vital indication of threat.
Latest examine 2024 International Threat Survey (half 1) by PGIM, a worldwide asset administration enterprise of Prudential Monetary, signifies that giant institutional buyers are contemplating their primary threat as geopolitical. A lot that the title of the survey is “Resilient Investing Amid Geopolitical Uncertainty”.
Local weather threat is within the sixth place, solely forward of liquidity and foreign money threat.
The Center East is the area extra involved with local weather threat, with 33% of their buyers indicating it, whereas United States is on the opposite excessive, with 12%.
Concurring with UNGA’s conferences, after the 10-12 September Berlin Innovate4Climate Week, New York may also host from 24-26 September IETA’s North America Local weather Summit 2024, an essential gathering of carbon market practitioners from throughout North America and past. We’ll touch upon these occasions within the coming days.
