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What Does COP28 Mean for the Private Sector?

Capaccio

The 2023 United Nations Conference of the Parties (COP28) marked the first Global Stock take to assess progress toward the Paris Agreement since its ratification in 2015 at COP21. COP28 is the first time that a final COP agreement has called upon countries to reduce their fossil fuel usage in some way.

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What happened at COP26 in Glasgow?

Enviromental Defense

Ministers from poor, vulnerable countries call on those from rich, industrialized countries to do more: reduce their high levels of greenhouse gas emissions and assist people in the Global south to better cope with the climate disasters that keep mounting. Finally F-words: fossil fuels. This is a really good step.

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Pittsburgh 2030 District Announces Significant Progress In Reducing Carbon Emissions - 44.8% From Baseline; Savings Of $59.7 Million In Utility Costs

PA Environment Daily

C carbon budget set forth in the 2015 Paris Agreement, countries must reduce CO2 emissions in the entire [existing] built environment by 50-65% by 2030 and reach zero carbon by 2040. Individually, Chatham University has pledged to reach carbon neutrality by 2025, and the University of Pittsburgh by 2037.

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Opinion: At COP28, climate finance takes centre stage

A Greener Life

C above pre-1850 levels, versus a business-as-usual scenario, would save the world USD 1,266 trillion in loss and damage from 2025 to 2100. COP28 has to deal with this now, as the New Collective Quantified Goal (NCQG) has to be agreed to before 2025. The CPI report estimates that keeping global warming to within 1.5

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Governing Emissions Trading in California and China

Legal Planet

As of 2021, 30 emissions trading systems were in force globally, covering 16 – 17 % of global greenhouse gas (GHG) emissions. As a compromise, California law (AB 398) has limited offsets to 4% of compliance obligations for the 2021-2025 period and capped the offsets without in-state benefits that can be utilized for compliance. .

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Can We Still Limit Global Warming to 1.5°C? Here’s What the Latest Science Says

Union of Concerned Scientists

C mark, because of decades of inaction on the part of policymakers and decades of deception and obstruction on the part of fossil fuel companies. To secure the livable future that children around the world deserve, we must double down, ratchet up pressure on governments, and break the power of the fossil fuel industry.

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Analysis: Can ‘green corridors’ tackle shipping’s giant carbon footprint?

A Greener Life

By 2025, the aim is to have set up at least six such corridors, which would each run between two or more ports. Ships emit over 1 billion tonnes of greenhouse gases every year, or just under 3% of global emissions, according to the International Maritime Organization , the UN body responsible for shipping. above pre-industrial levels.