Valuing Nature: What Success at COP26 in Glasgow Would Look Like

Event Summary

All nations in the world committed to the Paris Agreement in December 2015 to limit warming to 2 degrees and keep pathways open to limit warming to 1.5 degrees. Scientists estimate that the planet needs to slash 45% of its emissions by 2030 and reach carbon neutrality by mid-century.

However, the UN Framework Convention on Climate Change reported on 17 Sept 2021 that, taking into account full implementation of all latest NDCs (including conditional elements), total global emissions are on track to increase by 16% by 2030 (compared to 2010 levels), leading the planet to warm by 2.7 degrees above pre-industrial levels.

Just as almost all impacts of global warming and loss of biodiversity are irreversible, unpredictable yet totally foreseeable, these measures to mitigate and adapt will have a similar impact on all aspects of the economy, including the financial system, and our way of life.

If Paris…