This section explores how climate change, the energy transition, decarbonisation, and sustainability are reshaping businesses and the global economy, highlighting key topics such as climate risk, renewable energy jobs, supply chain resilience, net zero strategies, and industrial decarbonisation.
Climate Risk & Economics
The Members of the European Parliament (MEPs) of the Economic and Monetary Affairs Committee and the Environment, Public Health, and Food Safety Committee objected with 76 votes to 62 votes to the European Commission's (EC) proposal to label specific nuclear and gas energy ‘green’.
Climate Risk & Economics
We are now halfway between COP26, which happened last year in November in Glasgow, and COP27, happening in Egypt, later this year. To make sure the nations are on the track to achieving the promises made at COP26 and make them prepared for COP27, the delegates are meeting this time
Climate Risk & Economics
The Emirates Waste to Energy plant in Sharjah, which is a joint venture between BEEAH and Masdar was inaugurated on May 24, 2022. First announced in 2018, the plant was originally planned to open in 2020 but was postponed due to COVID-19.
Climate Risk & Economics
If global food waste were a country, it would rank third in the world in terms of greenhouse gas (GHG) emissions. Food waste created during processing, transporting, preparing, and storing has a cascading effect that has a long-term impact on the ecosystem.
Climate Risk & Economics
If global temperature rises by 2.9°C compared to pre-industrial levels, the world's most-vulnerable countries’ average GDP will fall by 20% by 2050 and 64% by 2100. These nations require at least $300 billion a year to respond to damage by 2030. Now, the question is, who should pay for this?
Climate Risk & Economics
The beginning of 2020 saw countries going into lockdown due to the COVID-19 pandemic. The economy came to a standstill and transportation was curtailed. As a result, as destructive as the pandemic was, there was a comforting decrease in global GHG emissions.
Climate Risk & Economics
The global consumption of the fashion industry was 62 million metric tons in 2019, which is expected to rise to 102 million tons by 2029. Every year, the fashion industry emits more than 1.2 billion tons of CO2 equivalent, which is more than the GHG emitted by France, the UK, and Germany combined.
Climate Risk & Economics
The EU has raised the emission target bar to at least a 55% reduction by 2030 and climate neutrality by 2050. In response, Italy aims to cut down its emission by around 60% by 2030 and reach “net-zero” by the year 2050, with the help of €80 billion EU funds for the energy transition.
Climate Risk & Economics
France’s current national law targets to decrease greenhouse gas emissions by 40% by 2030 compared to 1990 levels. However, more than 100 NGOs have criticized the French government for setting the bar too low.
Climate Risk & Economics
On Monday, April 4, 2022, The Working Group III of IPCC issued its report on climate change mitigation progress. One chapter raised the concern about the large amount of energy consumed by digital technologies.
Climate Risk & Economics
On Wednesday, March 30, the European Commission communicated the new EU strategy for sustainable and circular textiles. This strategy will focus on the practice of eliminating overproduction and overconsumption of textiles and subsequently fast fashion.
Climate Risk & Economics
The Cumbre Vieja volcano on Spain's La Palma Island, which exploded on September 19, 2021, for the first time since 1971, gained worldwide attention. It lasted for 85 days and caused the fire to scorch more than 2,000 acres of land, resulting in an evacuation of around 7,000 people.