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Pouring Gas on a Five Alarm Fire

Legal Planet

We know that Trump would exit the Paris Agreement (again). That would leave federal climate regulation in the same place it was in 2007. The short term damage would be bad enough. He would also roll back all of Biden’s climate regulations. We know he would stop enforcing environmental requirements.

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Ask a Scientist: The US Has to Do More to Meet Its Carbon Emissions Reduction Goals

Union of Concerned Scientists

Under the 2015 Paris Agreement, the United States voluntarily pledged to reduce its global warming emissions at least 50 percent below their 2005 levels by the end of this decade and reach net-zero emissions no later than 2050. It also will save US consumers money because they will spend less on fossil fuels.

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Oil Companies Plan to Take the Road Already Traveled

Union of Concerned Scientists

The key word here is “ intensity :” Fossil fuel companies often focus on emissions intensity, meaning emissions per barrel of oil, rather than absolute emissions, which is a set number measured in metric tons. Heat-trapping emissions must be cut in half by 2030 to reach the Paris agreement goal of keeping global warming to 1.5

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Sustainable Finance 101: The Impact of Climate Change on Your Money

Enviromental Defense

For instance, mortgages are connected to homes, while fossil fuel finance is tied to infrastructure like pipelines, oil wells, and the reserves still in the ground. The 2007-8 financial crisis was caused by a housing bubble worth an estimated $250-500 billion. They’re expected to generate a return over the coming decades.

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Sounding Green vs Being Green: How to finance sustainability?

HumanNature

As per the World Investment Report 2023, much of the growth in international investment in renewable energy, which has nearly tripled since the adoption of the Paris Agreement in 2015, was concentrated in developed countries. But the problem is that as of today, such instruments or institutions hardly exist.

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Sea level in the IPCC 6th assessment report (AR6)

Real Climate

This is a pretty clear illustration of how sea level starts to rise slowly; but in the long run, sea-level rise caused by fossil-fuel burning and deforestation in our generation could literally go off the chart and inundate many coastal cities and wipe entire island nations off the map. But first things first.

Sea Level 355
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Loss and Damage

Legal Planet

The first explicit use of the term L&D was in the 2007 Bali Action Plan , in a section on enhanced action for adaptation. In the 2015 Paris Agreement , Article 8 acknowledged the importance of L&D and the accompanying decision 1/CP.21