· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on ESG News or enjoy below:
🗞️ Driving the news: At Climate Week NYC, the Climate Group unveiled an urgent 12-month "Global To-Do List" consisting of seven key actions aimed at closing the emissions gap
• These actions include accelerating coal phase-outs, boosting renewable energy, and addressing methane emissions, all with the goal of achieving a 43% reduction in global emissions by 2030
• Leaders emphasized the need for immediate, concrete steps to counteract growing emissions
🔭 The context: According to the 2022 IPCC report, global emissions must fall by 5% annually to meet climate targets
• Despite commitments, emissions have remained high due to increased coal and oil use, underscoring the necessity for stronger policy action and business implementation
🌍 Why it matters for the planet: Without swift reductions in emissions, the planet is on course for severe climate impacts
Urgent actions outlined in the Global To-Do List are critical for preventing catastrophic global warming
⏭️ What's next: The proposed actions will be a key focus leading up to COP29, where the global climate community will push for stronger commitments and immediate implementation of these strategies
💬 One quote: “We can’t afford to waste another year. One year, seven actions—this is our call to arms,” said Helen Clarkson, CEO of the Climate Group
📈 One stat: Global emissions need to decrease by 43% by 2030, requiring a 5% annual reduction
Click for more news covering the latest on ethical governance
