Head of Climate Finance, Aviva Investors Sustainable Finance Centre for Excellence. Views my own.
New insights briefing from the Energy Transitions Commission focused on the importance of not only raising ambition in the next round of NDCs under the Paris Agreement, but also making stronger links to national policies and increased government and industry collaboration on implementation. The ETC recommends that “NDCs 3.0” define: - Clear and detailed roadmaps for implementation of accelerated climate action backed by strong government policy (e.g., quantitative targets for GW of renewables, phase out dates for bans on the sale of gasoline or diesel engine vehicles). - Measurable, comprehensive (covering all sectors and GHGs) and granular targets for emissions reductions. - Investable plans, especially for emerging markets, clearly stating the investment and international climate finance required to deliver stated targets. https://lnkd.in/erxp23YN
Simon Taylor
2mo
I think we need to do better than putting the world on track for 2 degs C! It is time that some of the people in industry and finance who have made sure (with no let-up) that trying to do better seems ever-harder, face jail time. By any measure, there has been zero accountability for their behaviour, which represents such an existential threat to us all - and what, by any measure, must be seen when taken in the whole, as the greatest of crimes. Perhaps then we will see some credible action? Meantime, thanks so much Tom for sending this round. The pathways in the image are sobering for sure, especially if we consider the ambitions of the fossil fuel industry for ever-expansion, not to mention the threat posed by for example a Trump victory, or the increased representation of the far right across significant parts of the EU?
Co-Founder Hawkmoth; Co-Founder & Board Member at Global Witness; Co-Founder Publish What You Pay Campaign; Steering Committee member, Fossil Fuel Non-Proliferation Treaty Initiative; Former Board member, EITI
2moAlso to add: From a scientific perspective, frankly much of what is shown in this image was absolutely clear by Paris. And, actually, many very credible climate scientists were also totally clear about what was required, the scale of action needed, and this, well before 2010. What have we been doing - notable and incredible efforts by many aside! It seems to me that since then, even though our global political leadership had the necessary information to act, instead, it has missed one opportunity after another and in effect, this has meant we have dithered in terms of the scale of our collective action. As mentioned, there are some notable exceptions - such as for example, the recent signing of Colombia - a major fossil fuel producer - in support of a Fossil Fuel non-Proliferation Treaty. Where are the rest? In a pique of utter stupidity, the current corrupt and inept UK Tory government, wants to tap out the rest of the North Sea - there are others, including the fact that Biden has authorised a vast amount of new licences for extraction. I could go on! seriously, the ambition mut go up! And this must include taking on the forces that, right now, continue vigorously to oppose progress. It is time for consequences!