Helping the most vulnerable people to cope with the climate crisis can boost the global economy during the Covid crisis and governments should make this a priority, said Kristalina Georgieva, head of the International Monetary Fund.
The speed and scale of the response to COVID-19 by governments, businesses and individuals seems to provide hope that we can react to the climate change crisis in a similarly decisive manner – but history tells us that humans do not react to slow-moving and distant threats. Our evolution has selected the “fight or flight” instinct to deal with environmental change, so rather like the metaphor of the frog in boiling water, we tend to react too little and too late to gradual change.
UN Climate Change News, 11 January 2021 – In a virtual address at the ‘One Planet Summit’ for biodiversity hosted by the French government in cooperation with the United Nations and the World Bank, UN Secretary-General António Guterres declared 2021 as “the year to reconcile humanity with nature.”
He highlighted both the need to reach net zero carbon emissions by 2050 and to provide adequate finance to adapt to the impacts of climate change, which include more frequent and more severe incidents of drought, flooding and fires.
Global leaders will try to reignite international environmental diplomacy on Monday with a biodiversity summit that launches a critical year for efforts to stem the devastating effects of global warming and species loss.
The FSB created the Task Force on Climate-related Financial Disclosures (TCFD) in 2015 to develop a set of voluntary disclosure recommendations for use by companies in providing decision-useful information to investors, lenders and insurance underwriters about the climate-related financial risks that companies face.
The FSB therefore welcomes the recommended approach by the Trustees of the IFRS Foundation to initially focus on standards for climate-related financial disclosures, as set out in the September 2020 IFRS Consultation Paper on Sustainability Reporting. The initial focus on climate-related information would be appropriate given the growing interest of investors in the topic for financial risk management and the importance of global consistency in the actions that are already beginning to be taken by national and regional authorities to develop requirements and guidance in this area.
President Emmanuel Macron said Monday he plans to call a referendum on changing the constitution in order to include a commitment to fight against climate change and for the protection of the environment.
The Climate Action Tracker group looked at new climate promises from China and other nations, along with the carbon plans of US President-elect Joe Biden. These commitments would mean the rise in world temperatures could be held to 2.1C by the end of this century.
People worried about the climate crisis are deciding not to have children because of fears that their offspring would have to struggle through a climate apocalypse, according to the first academic study of the issue.
The researchers surveyed 600 people aged 27 to 45 who were already factoring climate concerns into their reproductive choices and found 96% were very or extremely concerned about the wellbeing of their potential future children in a climate-changed world. One 27-year-old woman said: “I feel like I can’t in good conscience bring a child into this world and force them to try and survive what may be apocalyptic conditions.”