The Intergovernmental Panel on Climate Change has said there are still “multiple, feasible and effective options” for avoiding the worst ravages of climate breakdown. Hoesung Lee, chair of the team of scientists that worked on The IPCC report, said that, despite the widespread damage already being caused by extreme weather, humanity can still work to shape differently the future because it has the know-how and the technology to tackle human-induced climate change. Furthermore, humans have the capacity to build a much more prosperous, inclusive, and equitable society in this process.
One of the successful keys to reaching this goal is finance. The shift to a low-carbon economy would take between three and six times the amount of funding currently devoted to green investment, according to the final section of the IPCC’s comprehensive sixth assessment report (AR6) of human knowledge of the climate.
Furthermore, it should be appropriate even work on climate justice, since the people being hit hardest by the impacts of the crisis were the poorest who have done the least to cause this problem.
As a consequence, this is the time to properly act, as decisions made now would affect the future of the planet.
Simon Stiell, the UN’s top climate official, said: «We are in a critical decade for climate action. Global emissions need to be reduced by nearly 43% by 2030 for the world to achieve the Paris agreement’s goal to limit global temperature rise to 2C and pursue efforts to limit the temperature increase to 1.5C. The synthesis report highlights just how far off-track we are».
But he added: «It’s not too late. The IPCC clearly demonstrates that it is possible to limit global warming to 1.5C with rapid and deep emissions reductions across all sectors of the global economy. It has given us many feasible, effective, and low-cost mitigation and adaptation options to scale up across sectors and countries».
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