Impacts, risks, adaptations

Technical Report: Modelling the global economic impacts of environmental change to support policy-making

The Earth’s ecosystems are in decline, putting their ability to provide the ecosystem services on which the world’s economies rely at risk. Unless we reverse these trends, the implications for human wellbeing are profound. Although the depth of humankind’s reliance on nature cannot be fully captured in a single economic metric, such as gross domestic product (GDP), analysing changes in GDP does provide meaningful, and alarming, insights into changes in human wellbeing. This report presents the first full set of results from the Global Futures project developed by WWF. The study analyses the loss of ecosystem services using a new model that combines a global economic model with a high-resolution ecosystem services model, generating results that are relevant for both global scale and local, landscape-level analysis.

Read the Full Report

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Economy & carbon markets

Sustainable Investing: Shaping the future of finance – Report

By 2036, global assets worth USD 160 trillion are expected to be managed under some type of sustainable investing mandate. This would mean a close to 100% ESG integration in fund management. This report by the International Institute for Sustainable Development discusses potential drivers behind generating the level of demand needed from private and institutional investors to enable this exponential growth. It covers some of the major trends that will shape sustainable investing in the years to come.

Read the Full Report

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Impacts, risks, adaptations

Human Development Report 2019 – UNDP

The 2019 Human Development Report – Beyond income, beyond averages, beyond today: Inequalities in human development in the 21st century is the latest in the series of global Human Development Reports published by the United Nations Development Programme (UNDP) since 1990. The reports deal with major development issues, and provide sound scientifically based discussions. This edition focuses in particular on inequalities, as in every country still many people have little prospect for a better future. Despite many have managed to escape extreme poverty worldwide, even more do not have the opportunities nor the resources to control their place in society due to different social inequalities such as gender, ethnicity or wealth.

Read the Full Report here

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Impacts, risks, adaptations

European Green Deal

On the 11th of December, while COP25 was taking place in Madrid, European Commission (EC) President Ursula Von der Leyen outlined the new European Green Deal (EGD) proposal. The EGD package aims to couple economic growth and increased wellbeing with care for the environment with the great ambition of becoming the first climate-neutral continent by 2050. It identifies an opportunity for economic growth and increased social welfare in the current climate challenge. The package of measures also includes a roadmap of key policy actions such as cutting emissions, investing in research and innovation and preserving Europe’s environment.

In this context, it is crucial that all stakeholders are involved in the process of transition, to make it just and socially fair. From this concept stems the famous phrase, used by UN Member States when adopting the Agenda 2030: “Leave no one behind”.

Read more about the Green Deal

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Impacts, risks, adaptations

McKinsey Report on Climate risk and response: Physical hazards and socioeconomic impacts

This report focuses on the physical effects of our changing climate. Current and future risks are assessed within a 30 year time span and case studies are used to analyse and understand the mechanisms through which physical climate change leads to increased socioeconomic risk. Impacts are also explored with estimates on probabilities and magnitude of potential impacts. The aim is to inform decision makers worldwide to allow them to better assess, adapt to, and mitigate the physical risks of climate change.

Read the Full Report

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Impacts, risks, adaptations

World Economic Forum Global Risks Report 2020

The Global Risks Report 2020 presents the major risks facing the world in the coming year. It focuses on the need for a multistakeholder approach towards the world’s greatest challenges, and comes ahead of the World Economic Forum’s 50th Annual Meeting in Davos-Klosters, where the focus is Stakeholders for a Cohesive and Sustainable World. Stakeholders must be able to find ways to act quickly on such crucial matters as the economy, the environment, technology and public health, even if the global scenario is unsettled. This is the context in which the World Economic Forum publishes the 15th edition of the Global Risks Report.

Download and read the Full Report

Original Source: WEF website

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Other

EAERE Observer Organization at UNFCCC

EAERE has officially become an Observer Organization at the UN Climate Change Conference of the Parties. This admission status accords EAERE the right to nominate representatives of the organization to take part in UNFCCC conferences.

The admission of intergovernmental organizations (IGOs) and non-governmental organizations (NGOs) as observers at sessions of the Conference of the Parties (COP) is governed by Article 7, paragraph 6, of the Convention, which provides that, inter alia:
“Any body or agency, whether national or international, governmental or nongovernmental, which is qualified in matters covered by the Convention, and which has informed the secretariat of its wish to be represented at a session of the Conference of the Parties as an observer, may be so admitted unless at least one third of the Parties present object.”

Read the official UNFCCC source & list of organizations

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Economy & carbon markets

EAERE at COP25

EAERE had three official delegates at the UN COP25 in Madrid this year: Jos Delbeke, Chairman of the EAERE Policy Outreach Committee (POC); Phoebe Koundouri, President Elect for 2020 and Aldo Ravazzi Douvan, also member of the POC.

In addition to the delegation, many of the more than 1200 members of EAERE went to COP in representation of their institutions, taking part to events and negotiations. In particular, Prof. Lucas Bretschger from ETH Zurich gave a keynote speech on December 10, 2019 titled “New Perspectives on Climate Finance”:

Key Note: Lucas Bretschger, Professor, Center of Economic Research, ETH Zurich

Panel Discussion with:
• Stefan Schwager: member of Swiss delegation/ head of environmental financing
• H.E. Ambassador Janine Felson, member of Belize delegation and AOSIS Chair team, finance co-coordinator
• Barbara Schnell, Head of Sector Policy Department, KfW Development Bank
• Christoph Bals, Policy Director, Germanwatch
• Marte Borhaug, Aviva Investors

Moderation by Anna Stuenzi and Julia Bingler (ETH Zurich)

Watch the video of the keynote speech here

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Impacts, risks, adaptations

SOER 2020 – State and Outlook on the European Environment

The SOER report is published by the EEA every five years. SOER 2020 is the 6th SOER published by the EEA since 1995. Prepared in close collaboration with the EEA’s European Environment Information and Observation Network (Eionet), it offers science-based insights on the huge and complex challenges the global community is now faced with, such as climate change, biodiversity loss and air and water pollution. Although EU environment and climate policies have made great advancements in the last years, Europe is still facing important problems in areas such as biodiversity loss, resource use, climate change impacts and environmental risks to health and well-being. We need to deliver more ambitious and quick responses to such challenges to be able to achieve the long-term sustainability goals to which we have committed. The upcoming decade is decisive in determining our opportunities to change the current trends.

Source: EEA

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Emissions & mitigation

UNEP Emissions Gap Report 2019

The tenth edition of the United Nations Environment Programme (UNEP) Emissions Gap Report provides the latest assessment of scientific studies on current and estimated future greenhouse gas (GHG) emissions and compares these with the emission levels bearable for the world to progress on a least-cost pathway to achieve the goals of the Paris Agreement. This Report wants to fill in the gap between where we are now in terms of emissions, and where we need to be. Reflecting on the ten-year anniversary, a summary report, entitled Lessons from a decade of emissions gap assessments, was published in September for the Secretary General’s Climate Action Summit.

Source: UNEP website

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