Leaders to Push Climate Action at Global Forums, as Ocean Policy Takes Center Stage
Leaders, including Indian Prime Minister Shri Narendra Modi, are set to urge more climate action at upcoming global forums. Canada, heading the G7, has prioritised ocean policy, with major announcements expected in Davos. The World Economic Forum's Global Risks Report 2018 highlights environmental risks as the top global threats.
2018 is hailed as a turning point for climate action. Global clean energy investments reached $333.5 billion in 2017, up 3% from the previous year. The private sector is under pressure to set ambitious goals, with over 130 institutional investors calling for improved climate risk disclosure.
The ocean is rising on the political agenda. Worth $24 trillion, it contributes $2.5 trillion annually to the world market. Canada, leading the G7, has agreed to include ocean policy in its agenda. The World Resources Institute expects significant announcements in Davos.
Food loss and waste are major issues. A third of produced food goes uneaten, costing $940 billion annually. Champions 12.3 is driving efforts to reduce these losses. New research shows that for every dollar invested, companies can save $14 in operating costs.
The World Economic Forum's Global Risks Report 2018 underscores the urgency of climate action. Environmental risks, including extreme weather, climate failure, and natural disasters, top the list of world news. Heads of state and government are expected to call for more action, with the private sector under increasing pressure to adopt science-based targets for climate change.
Read also:
- "Eco-Scam": Unveiling the Truth about Electric Vehicles
- TR Group, GBV, and Toyota NZ Unveil 40 Hydrogen Vehicles for Cleaner Roads
- European transportation's sustainability and competitiveness rely on a "green industrial agreement" that serves the interests of both corporations and residents, as discussed in an Editorial from August 2024.
- Indian Oil Corporation's Panipat Refinery secures India's inaugural ISCC CORSIA accreditation for Sustainable Aviation Fuel production
