Commitment to save the planet
It’s now or never; no ifs, no buts. That is the code red warning in the sixth report from the Inter-governmental Panel on Climate Change, published in August 2021.
According to SSQI report, publishing climate change in depositing is now predicated in a new belief about value addition – that it is necessary to look for the blind spots that come from the longer-term risks. With this view, social, human and natural capital wills likely influence economic value creation as much as traditional financial capital does.
Despite increasing in supply and demand for climate invest globally, a vexing challenge exists: Climate finance isn’t being disbursed fast enough to protect society’s future. Between now and 2050, governments worldwide, and the private sector, are expected to need US$ 131 trillion in investments for energy transition.1 In 2019, global climate finance flows were estimated to be roughly US$622 billion.
But so far, capital markets have been slow to price in climate risks, according to the leaders of almost 100 large institutions in the global investment industry participating in the survey on which this report is based.
Greenhouse gas (GHG) emissions are projected to rebound and grow by 5% in 2021, marking the largest increase since 2009. To combat the worst impacts of climate change and limit global warming in this century, the international community should not only scale up commitments to climate finance, but also identify and apply strategies for accelerating disbursement.