Arek Sinanian | What will the outcome be of the latest UN Climate Change Conference in Madrid? Have you ever tried walking on a travellator? You know, those moving platforms at airports that help you get to your destination when you are in a hurry or tired, or have a lot of baggage to carry. This is the image I have of the last few Conferences of the Parties (COP) of the United Nations.
The 25th United Nations Conference on Climate Change 2019 COP25 begins today in Madrid. We expect from COP25 two more encouraging developments: Firstly, a key issue left unadressed in the preceding Conference of Parties – COP24 in Katowice, Poland: the use of financial markets as mechanisms for fighting climate change. Secondly, a range of updates to countries’ individual targets, known as nationally determined contributions (NDCs).
BofAML | We enter the next decade with interest rates at 5,000-year lows, the largest asset bubble in history, a planet that is heating up, and a deflationary profile of debt, disruption and demographics. We will end it with nearly 1bn people added to the world, a rapidly ageing population, up to 800mn people facing the threat of job automation and the environment on the brink of catastrophic change. At the same time, 3bn more people will be connected online and global data knowledge will be 32x greater than today. The social, political and economic responses to these challenges, all heading to a boiling point this decade, will overhaul traditional paradigms.
Marie Lassegnore (La Française AM) | Climate change is a reality which affects all of us. We are both responsible for and damaged by this environmental impact. As committed investors with strong convictions, we want to participate actively in the energy and ecological transition necessary to conserve our planet as we know it.
Donato Ndongo-Bidyogo | It is today unquestionable that containing the natural deterioration of our planet requires actions, not just words.
Alexandre Mato (Brussels) | The new EU strategy against climate change seeks to reduce CO2 emissions by 40% before 2030, at the same time as modernising the continent´s economy and creating thousands of jobs.
Ana Fuentes (Strasbourg) | Member of the European Parliament from the S&D group, Miroslav Poche is also the rapporteur for the energy file, which is supposed to help reduce bills for Europeans. We spoke about targets, investment and why the emissions market does not seem to be working.
Arek Sinanian | The longer we delay the actions we must take, the more difficult it becomes to avoid the doom and the human and economic costs of adapting to climate change.
Arek Sinanian | There appears to be a continuing struggle between economic rationalism and efforts to abate greenhouse gas emissions and, in particular, commitment to the 2015 Paris Climate Agreement. I have no doubt that such struggle and disjointedness in the introduction of renewables into the mix of the global energy supply is inevitable. After all, it’s another industrial revolution of sorts — one that is green in color instead of a black sooty one.