Monday, September 23, 2024.
At a time when world geopolitical threat has been growing, dividing consideration with pure issues resembling adaptation and local weather motion, one other United Nations Common Meeting (UNGA) started on September 10 in New York, United States.
Out there in a number of languages, you may entry the doc by clicking on the picture beneath. Or right here for the English draft.
Besides maybe for the prospects of synthetic intelligence and nuclear weapons – a tense future – it’s one more doc that reinforces crucial actions already proposed, resembling:
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“abandon fossil fuels in energy systems”
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“strengthen actions to contain and reverse deforestation and forest degradation by 2030, in addition to terrestrial and marine ecosystems that act as sinks and reservoirs of greenhouse gases, conserving biodiversity while simultaneously ensuring social and environmental safeguards”
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“promote low- or zero-emission technologies, including renewable energy, nuclear power, reduction and removal technologies such as carbon capture, utilization and storage … and low-carbon hydrogen production”
The doc additionally brings new guarantees to comply with, resembling “reaffirming our determination to establish” at COP-29 in Azerbaijan “a new quantified collective target of 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 from time to time. Among others, because it is an important indication of risk.
A recent study, the 2024 Global Risk Survey (part 1) by Prudential Financial’s global asset manager PGIM, indicates that large institutional investors are considering their number one risk to be geopolitical. To the point that the title of the survey is “Resilient Investing Amid Geopolitical Uncertainty”.
Climate risk is in 6th position, ahead only of liquidity and exchange rate risk.
The Middle East is the region most concerned about climate risk, with 33% of its investors indicating this, while the United States is at the other extreme, with 12%.
In parallel with the UNGA meetings, after the Berlin Innovate4Climate Week from September 10-12, New York will also host from September 24-26 the North America Local weather Summit IETA’s 2024 Summit, a serious gathering of carbon market professionals from throughout North America and past. We’ll be reporting on these occasions within the coming days.
