Although a recent UN report from scientists said there was little time to lose in tackling climate change, nations around the world have recently been rolling back their climate pledges. Read more from sharon_kits' Sustainable Switch newsletter 👉
This week, a new report from scientists said there was little time ⌛ to lose in tackling climate change as South Korea, Japan and the EU backtrack on previous climate pledges 😬. And check out today’s ESG Spotlight for a report on an Egyptian startup aiming to turn more than five billion plastic bags into tiles 👷.
According to the IPCC, emissions must be halved ✂️ by the mid-2030s if the world is to have any chance of limiting temperature rise to 1.5 degrees Celsius above pre-industrial levels – a key target enshrined in the Paris climate accord. Under the plan, the industrial sector will be required to cut emissions by 11.4% from 2018 levels by 2030, compared with the 14.5% goal set in late 2021, the Presidential Commission on Carbon Neutrality and Green Growth said. The gap will be filled by switching more energy sources to renewables 🔋 and making more reductions overseas, it said.
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