EXECUTIVE PERSPECTIVE: Financing a Low-Carbon Future
sustainability.thomsonreuters.com | Published September 21
By Achim Steiner, Executive Director, UNEP
Money makes the world go round, as the old adage goes. Unfortunately, the current investment climate is spinning the globe in the wrong, carbon-intensive, direction.
The global concentration of carbon dioxide (CO2) in the atmosphere has now surpassed 400 parts per million for the first time in millennia and global energy-related CO2 emissions reached a high of 31.6 gigatonnes (Gt) in 2012. As the United Nations Environment Programme’s 2013 Emissions Gap Report shows, inaction now in curbing greenhouse gas (GHG) emissions will require costlier interventions later to keep global temperature rise below 2̊C this century and adapt to climate change… read more>