ThomasLloyd Group’s Post

Shocking results from a recent study on the anticipated consequences for global societies due to damage caused by climate change impacts. The costs of damage will be six times higher than the price of limiting global heating to 2C. “Strong income reductions are projected for the majority of regions, including North America and Europe, with south Asia and Africa being most strongly affected. These are caused by the impact of climate change on various aspects that are relevant for economic growth such as agricultural yields, labour productivity or infrastructure.” From both a simple economic perspective, the arguments for urgent and large scale investment in mitigation measures have never been more crystal clear: If we don’t stop these trends now it will cost us a whole lot more. Will governments and polluting industries now finally be convinced to put individual perverse incentives aside, and focus on implementing solutions to save our futures? Or will we continue sticking our heads in dirty sands pretending all is rosy? #climatecrisis #mitigation #climatechange #climateadaptation

Climate solutions from the ocean can deliver up to 35% of the annual greenhouse gas (GHG) emission cuts needed in 2050 to limit global temperature rise to 1.5°C. However, this would require US$2 trillion targeted investment into sustainable ocean solutions between 2030 and 2050. Public and Private Investment, debt solutions can finance the move to protect 30% of our global ocean while enabling sustainable economic development. #Climatechange #Climatesolutions #Africanclimate #Climatefinance https://lnkd.in/dCmrUsHE

This can be possible if there is more support from the developed nations towards the Green Climate Fund.

EIB`s latest report is out... Latin America and the Caribbean countries are paying a disproportionate price for the climate transition, given their low contribution to global CO2 emissions. Several countries in the region, mainly in the Caribbean, have some of the largest exposures to physical risks, despite their relatively small contribution towards global emissions. https://lnkd.in/e5_ivyQf #climatefinance #latinamerica EIB Global | BEI Monde #caribbean

We can meet the climate challenge by cutting fossil fuel subsidies in half, but how to do that in a way that’s fair and equitable — ie, doesn’t drive energy prices up for the poorest among us?

🌍 New Study Reveals Climate Crisis Economic Impact A groundbreaking study published in Nature unveils the staggering economic impact of the climate crisis. With average incomes projected to plummet by nearly a fifth within the next 26 years and global damage costs estimated at an astounding $38 trillion annually by mid-century, decisive action is imperative. The findings reveal a harsh reality: unless we swiftly transition to a net-zero emissions future, crippling losses will afflict economies worldwide, exacerbating inequality and disproportionately affecting vulnerable communities. But there is still hope! By drastically reducing emissions and embracing renewable energy, we can mitigate these disastrous consequences and safeguard our future. 🌱  #ClimateAction #Sustainability #NetZero #GlobalImpact #RenewableEnergy theguardian 2018

Countries are not reducing emissions and building resilience fast enough, and natural resources are being depleted. The World Bank’s Country Climate and Development Reports (CCDRs) are tools to identify opportunities for each country and priorities for investments and reforms.   This report covers 56 percent of the population of low- and middle-income countries.   Read more on how to help countries prioritize the most impactful actions to boost resilience and adaptation and reduce GHG emissions.   https://lnkd.in/dySqM2hB

Should rich countries and fossil fuel companies be held accountable for the #climatedamages they’ve caused? With climate-driven disasters intensifying, this question has gained momentum. Events like Pakistan's devastating floods and Madagascar's cyclones, which scientists link to climate change, leave vulnerable nations facing economic devastation and debt. Recently, Vermont passed the Climate Superfund Act, making oil and gas companies pay for climate damages, and similar initiatives are emerging globally. The UN and many nations are calling for a "polluter-pays" model, especially as #climateimpacts — projected to cost $1-1.8 trillion annually by 2050—are set to worsen. Holding polluters accountable could create a lifeline for vulnerable countries, funding infrastructure, healthcare, and job transition programs as they cope with increasing climate threats. The discussion of who should pay for climate losses and damages has become a major geopolitical issue, and we are likely to see increasing #climatelitigation around the world seeking to hold polluters accountable for the impacts of climate change.

South Asia is at the forefront of climate vulnerability, facing floods, extreme heat, and sea level rise. Did you know that adaptation strategies by households, firms, and farmers can offset nearly half of climate damage on average? Here are some key takeaways from the recent systematic review: - Poor households bear a disproportionate burden of climate change adaptation. - Globally, the poor are more exposed to and affected by climate disasters. - Adaptation effectiveness varies widely, with firms recovering 72% of losses compared to 38% for agricultural producers. - Middle-income regions like South Asia benefit from more effective adaptation strategies. - Public goods and technological solutions are highlighted as the most effective adaptation strategies. Investing in broad public goods and social transfers can play a crucial role in building resilience to climate change, offering double dividends in the face of escalating environmental challenges. https://lnkd.in/eS4Pt5zU

Over 2.8 billion people worldwide live in inadequate housing and less than 1% of climate adaptation efforts currently prioritize marginalized populations. Today, more than 2.8 billion people worldwide live in inadequate housing, including 1.1 billion living in slums and informal settlements. According to the OECD, governments spent $20 billion less on adaptation efforts compared to greenhouse gas mitigation initiatives in 2020. Additionally, world leaders allocated less than 10% of climate investments to adaptation programmes– five to 10 times less than what is needed. In a bid to solve these issues, they highlighted three key strategies that will help nations accelerate progress towards their climate targets: –Recognize the centrality of adequate housing. In developing countries, these investments can result in increases of up to 10.5% in GDP and 28% in years of schooling, while also contributing up to a 4% jump in life expectancy. –Prioritize the most vulnerable through incremental adaptation –Investment in upgrading and greening of informal settlements. Over the past decade, there has been a $174 billion deficit in venture capital for technological solutions and built environment already accounts for 37% of global greenhouse emissions. --Investing in sustainable housing: a win-win As governments worldwide act to meet their climate goals, they must prioritize the urgent housing needs of the more than 1 billion people living on the frontlines of the climate crisis. https://lnkd.in/gHS7UpDn https://lnkd.in/eSZ8exp3 #Sustainability #Sustainable #Sustainableliving #environment #reuse #gogreen #recycling #recycle #Renewableenergy #climateaction #circulareconomy #eco #plasticfree #zerowaste #earth #sustainablebusiness #sustainabledevelopment #sustainablefinance #eco #sustainable #sdg #sdgs #sustainabledevelopmentgoals #innovation #technology #ActonClimate #climateaction #climatecrisis #togetherforourclimate #theclimateconnection #Sustainability #cleanenergy #Renewableenergy #solarpower #windenergy #cleanenergy #Sustainable #innovations #recycling #upcycling #zerowaste #ecofriendly #reusability #repairability #ActionNow #globalwarming #savetheplanet #climateaction #climateemergency