Much more urgent action needs to be taken to meet the Paris Agreement, and that is where investor initiatives can help, says Robeco’s climate change specialist Lucian Peppelenbos. Currently the world has moved from a red traffic light – with previously no chance of hitting the temperature control ambitions – to amber, but is still far from green, he says.
The Paris Agreement remains the mother of all initiatives to tackle climate change, as it is the only truly global accord that all nations have committed to. Its core aim is to limit the rise in global average temperatures to below 2°C above pre-industrial levels by 2100. This means the world must become carbon neutral by 2050 at the latest.
The agreement was ratified on 22 April 2016, which the UN designated as Earth Day, and signed by 196 countries. Since then, many have committed to becoming carbon neutral by 2050. Some have made more ambitious plans – Austria and Uruguay have pledged to do so by 2040. China, which has the world’s largest carbon footprint, has set a longer-term target of 2060.
So, are we on track to meet the Paris Agreement? “No, we’re not,” says Lucian Peppelenbos, climate change strategist at Robeco. “If we use the traffic light system of red, amber, and green, I would now give it an amber light, although a year ago, I would have given it a red.”
“The step-up to amber is due to the recent policy commitments in Asia, China, Japan and South Korea, but also because everybody knows now what the US will do, now that it has rejoined the Paris Agreement. With all this in place, the countries responsible for 63% of global emissions will be in line with the net zero ambition.”
“If we can actually deliver on our promises by 2050, the world will be on track to limit global warming to 2.1 degrees Celsius; previously we were heading for 3 degrees. This recent wave of commitments is now more ambitious than ever.”
Moving from amber to green is going to take much more collaboration, Peppelenbos says. “I like the term ‘distributed leadership’ that was coined by the architect of the Paris Agreement, Christiana Figueres,” he says
“In the real economy, you need policy frameworks, and you need the consumers and technology to be onside. All of these pieces need to come together. As investors, we can redirect capital towards the green, circular, low-carbon economy… and that's vital. But we critically depend on other pieces of the puzzle to move as well.”
Some of these pieces are embodied in various initiatives that investors including Robeco have joined to try to move the world from amber to green. The top 10 of these initiatives regarding their importance for investors are listed below.
本文由荷宝海外投资基金管理(上海)有限公司(“荷宝上海”)编制, 本文内容仅供参考, 并不构成荷宝上海对任何人的购买或出售任何产品的建议、专业意见、要约、招揽或邀请。本文不应被视为对购买或出售任何投资产品的推荐或采用任何投资策略的建议。本文中的任何内容不得被视为有关法律、税务或投资方面的咨询, 也不表示任何投资或策略适合您的个人情况, 或以其他方式构成对您个人的推荐。 本文中所包含的信息和/或分析系根据荷宝上海所认为的可信渠道而获得的信息准备而成。荷宝上海不就其准确性、正确性、实用性或完整性作出任何陈述, 也不对因使用本文中的信息和/或分析而造成的损失承担任何责任。荷宝上海或其他任何关联机构及其董事、高级管理人员、员工均不对任何人因其依据本文所含信息而造成的任何直接或间接的损失或损害或任何其他后果承担责任或义务。 本文包含一些有关于未来业务、目标、管理纪律或其他方面的前瞻性陈述与预测, 这些陈述含有假设、风险和不确定性, 且是建立在截止到本文编写之日已有的信息之上。基于此, 我们不能保证这些前瞻性情况都会发生, 实际情况可能会与本文中的陈述具有一定的差别。我们不能保证本文中的统计信息在任何特定条件下都是准确、适当和完整的, 亦不能保证这些统计信息以及据以得出这些信息的假设能够反映荷宝上海可能遇到的市场条件或未来表现。本文中的信息是基于当前的市场情况, 这很有可能因随后的市场事件或其他原因而发生变化, 本文内容可能因此未反映最新情况,荷宝上海不负责更新本文, 或对本文中不准确或遗漏之信息进行纠正。