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According to the World Bank, “Mexico’s geographic characteristics make it a highly vulnerable country to the adverse impacts of climate change. Mexico’s climate commitment for 2030 under the ParisAgreement calls for cutting emissions 22%, cutting black carbon by half, and achieving net-zero deforestation.
According to the Center for International Environmental Law as of April 2023, the World Bank “has financed and incentivized up to $165 billion in fossil fuel investments since the ParisAgreement was signed [in 2015].” The biggest US bank investors in fossil fuels? “At trillion or 6.8
Ecojustice, Greenpeace Canada, Stand.earth, Environmental Defence Canada, Keepers of the Water, Leadnow, For Our Kids, and Change Course call on the five major Canadian banks to take responsibility for the impact of their investments in fossil fuels, which are exacerbating the climate crisis.
The alarm bells are deafening,” he warned, “and the evidence is irrefutable: greenhouse-gas emissions from fossil-fuel burning and deforestation are choking our planet and putting billions of people at immediate risk.”.
At COP28 , on 9 December, India’s environment and climate change minister Bhupender Yadav affirmed the country’s “trust and confidence” in the ParisAgreement , whilst highlighting the country’s achievements in emissions reduction. This could become an important market mechanism for steering India away from coal investment.
These funds should be aligned with pro-nature growth in line with the Sustainable Development Goals, the ParisAgreement and the upcoming global framework on biodiversity. These agreements form the only viable global roadmap to protecting the natural world that sustains us and lifting billions of people out of poverty.
Furthermore, the mass-burning of the Amazon rainforest is emitting incredible amounts of carbon, multiplying the effect of deforestation by. World Bank estimate; UNICEF estimate is 32%), with rural poverty twice as high as urban poverty. The EU claims “through this agreement, the EU and Mercosur are also committed to.
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