Reprinted from: WWD International Times

This Climate Change 2023 focuses on long-term issues such as greenhouse gases, human activities leading to global warming, and a range of climate crises facing the world — sea-level rise, extreme weather events, rapid sea ice melting. At the same time, as temperatures continue to rise, this series of climate crises continues to intensify.

It is worth noting that, while IPCC has consistently emphasized in its past reports that “the ultimate goal of net zero emissions is to stabilize the climate environment”, there are now varying degrees of ambiguity with regard to carbon emission targets in the current production supply chain. According to the Greenhouse Gas Inventories System (GHG Protocol), some of the time-consuming enterprises have neglected other indirect greenhouse gas emissions, while others have focused solely on CO2 emission targets, which are clearly insufficient to comprehensively address the current climate crisis.

The most recent IPCC report summarizes six reports issued since 2015 and proposes new climate investment insights and feasibility plans. In order to ensure the accuracy and clarity of the report, the drafting and review of the IPCC report takes place in several stages, under the supervision of 195 member Governments and with thousands of observations.

According to the report, global greenhouse gas emissions for the year 2030, which were declared nationally owned by October 2021, are likely to increase global temperatures in the twenty-first century by more than 1.5°C and make it difficult to control temperatures within 2°C. Dr. Hoesung Lee, Chairman of IPCC, said at a press conference in Switzerland: “The latest report of IPCC is “the most comprehensive assessment of climate change science”, “resources for decision makers at a critical time in history”.

At the same time, the report stresses — the speed and scale of action taken to date, as well as the current plan, are not sufficient to effectively address climate change. The report also mentions that people living in climate-sensitive areas are 15 times more likely than others to die from floods, droughts, storms or other weather-related events.

To date, the current industry has only supported global carbon reduction by increasing the use of raw materials for recycling, minimizing environmental impacts through research and development, while promoting continued progress in the area of renewable materials, making products more environmentally effective, with a life-cycle focus on products that can be traced to sustainable production and consumption.

In order to achieve a shift, climate investment needs to be 6 to 6 times the current scale of financing.

“The economically vulnerable areas do not have sufficient funds to achieve climate improvement inputs, but there are still ways to reduce investment barriers.” Hoesung Lee said.

At the same time, he has advocated that wealthy countries and regions can mobilize financial resources for common global development.

Simone Cipriani, President of the United Nations Alliance for Sustainable Time and Ethical Time Initiative, stated: “While in the short term `sustainable’ requires substantial financial support, it is in the long run the key to achieving sustained growth in future enterprises. Poor environments and climate not only affect health but also business. We are entering an era in which sustainable development is inextricably linked to financial development, and that is why sustainability is no longer abstract.”

In conclusion, Hoesung Lee reaffirmed that “the choices we have made in the years ahead will have hundreds of years or even thousands of years in all parts of the world”. WWD

Department of Editor-in-Chief

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