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illuminem summarizes for you the essential news of the day. Read the full piece on Euronews or enjoy below:
🗞️ Driving the news: A new report reveals a significant increase in nature-based policies globally, with governments doubling their efforts in the past year to tackle emissions through land use changes
• These efforts aim to address deforestation, food waste, ecosystem restoration, and agricultural emissions, contributing to approximately half of the projected global emissions reductions by 2035
🔭 The context: The Inevitable Policy Response (IPR) study indicates a shift towards prioritizing land and nature in climate policies, akin to the energy transition
• However, the majority of these policies align with a 2°C warming scenario, not the 1.5°C goal set by the Paris Agreement, signaling a need for more ambitious actions
🌍 Why it matters for the planet: Investing in nature and land-based solutions is crucial for mitigating climate change and reducing risks across the economy
• Without such investments, climate risks could escalate, impacting farmers, businesses, and the broader economic landscape
⏭️ What's next: Businesses must adapt to these emerging nature policies to avoid legal, compliance, and reputational risks
• The EU's impending laws to ban imports linked to deforestation highlight the immediate need for companies to ensure their products do not contribute to nature loss or face significant penalties
💬 One quote: “Even as the energy transition has risen rapidly up the corporate agenda, the role of nature, land, and food in the climate transition remains underappreciated.” - IPR report.
📈 One stat: Companies at the heart of the global food supply chain could lose up to 26% of their value by 2030 if they fail to align with new nature-related policies.
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