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Biden s war on climate change | Money Management

Print The five policy commitments from the Biden administration that we believe are of relevance to investors focused on environmental, social, and governance (ESG) issues are, in short: to recommit the US to a more proactive stance on tackling climate change, to adjust the rules on sustainable investing, to accelerate a range of energy transition rules, to strengthen sustainability-related priorities for corporate America and to set significant long-term and aspirational environment goals.  We expect these to broadly affect corporate issuers of bond and equity securities, governments and potentially even asset-backed securities. Climate leadership is a genuine possibility under the new administration. In 2017, President Trump withdrew from the 2015 Paris Agreement, driven by concerns that the Paris Accord would undermine the US economy. President Biden orchestrated the original involvement of the US, and so it is hardly surprising that we have seen an early recommitment by the U

Pitt Hosts EU Leader for Student Q&A on Climate Plans

Friday, March 5, 2021 Share “We’re in a cluster of crisis,” said European Commission Executive Vice-President Frans Timmermans, in a March 2 virtual event hosted by Pitt’s European Studies Center. He cited the interlinked challenges of the pandemic, climate change and global relations among others as he continued: “We will need to face this perfect storm with an integrated plan.” Speaking from his home in Brussels, Timmermans, who leads the European Green Deal strategy for transitioning the European Union to a sustainable economy and climate neutrality by 2050, highlighted the need for environmental justice, critical thinking and education in a broad discussion in which he took questions from Pitt students and their peers at other U.S. college campuses.

Climate change: Global CO2 emissions must decrease tenfold, scientists warn

Global carbon dioxide (CO2) emissions still need to decrease tenfold to avoid a climate emergency, scientists warn, despite a global fall in 2020 due to Covid-19. An international team of experts has performed a global stocktake of humanity s progress towards the Paris Agreement – which aims to keep the global average temperature rise to well below 3.6ºF (2°C), compared to pre-industrial levels. They found global CO2 emissions fell by around 2.6 billion tonnes in 2020, a decrease of about 7 per cent from 2019 levels.  This fall – the largest decrease observed to date – was due to reduced human activity under the lockdowns intended to curb the spread of coronavirus. 

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