The Intergovernmental Panel on Climate Change (‘IPCC’), has released the first in a series of reports as part of its sixth assessment cycle (AR6). The report indicates the Paris Accord goals will be missed without deep and rapid emission cuts.
Twelve key findings from the report indicate:
- The human influence on the climate can now be better attributed
- Atmospheric concentrations of GHGs are really high
- Temperatures are rising 1.4-1.7x faster on land than oceans
- Precipitation will become more frequent and more intensive
- Sea levels are rising faster than before
- Climate sensitivity is “near-linear”
- Warming increases the frequency and intensity of extreme events
- Carbon sinks only work to a certain extent
- Tipping points are irreversible changes over centennial or millennial time scales
- Highly disruptive events “cannot be ruled out”
- The carbon budget is running out
- Regional effects are a lot more nuanced
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Sectors: Buildings, Finance
Country / Region: Europe
Tags: assessments, Banks, carbon, carbon budget, citizens, climate change, corporate reporting, emissions, global climate, Industry Regulators, Institutional Investors, IPCC, National Regulators, SMARTER, Supranational RegulatorsIn 5 user collections: Green Home Investment Platform – Industry Regulators , Green Home Investment Platform – National Regulators , Green Home Investment Platform – Supranational Regulators , Green Home Investment Platform – Institutional Investors , Green Home Investment Platform – Banks
Knowledge Object: Web Resource
Author: Chan, Wai-Shin