David Ordaz
In 2020, Canadian cartoonistGraham Mackay, published a cartoon showing several large waves, each larger than the other, threatening society. The first is a pandemic. COVID-19followed by recessionHe changing of the climate And biodiversity collapse.
The actions that people take to upset the balance of nature pose a serious threat to the planet. Experts estimate that if it continues to increase at the current rate, global warming will reach another 1.5°C between 2030 and 2050, affecting biodiversity and ecosystems, including animal and plant species.
Deforestation, agricultural development and climate change are factors causing an increase in communicable diseases.
By the end of 2020, G20 governments had committed $233 billion to support fossil fuel production and consumption, compared with $146 billion to support decarbonized energy and transport alternatives.
In the study: “One region, one commitment. Towards a sustainable recovery in Latin America and the Caribbean”conducted by the IDB, explains that the region currently faces a major challenge given its vulnerability to the effects of climate change, so structural transformations are needed in the quest for greater economic growth.
The fight against climate change is driving urban development, where urban decarbonization can be seen as an opportunity to generate economic benefits through investments in land use planning, transport and mobility systems, and energy, water, waste and building efficiency.
Latin America and the Caribbean contains 40% of the world’s biodiversity, contains seven of the world’s 25 biodiversity hotspots, more than 30% of the world’s freshwater, and nearly 50% of the world’s tropical forests.
In the Latham region, 81% of the population lives in urban areas, of which 76% represent energy demand, concentrate essential infrastructure for economic and social development and retain the greatest potential for job creation thanks to the transition to a circular economy, which is estimated to create 10 million new jobs in the region by 2030 through the recycling of plastics, glass, wood, metals and minerals.
Business will be a key element in delivering a sustainable recovery and a greener and more inclusive future.
Recently published ninth edition of the Renewables and Jobs report: Annual Outlook 2022, prepared by the International Renewable Energy Agency in collaboration with the International Labor Organization, showing that the renewable energy sector will create 12.7 million jobs in 2021, an increase of 700,000 new jobs.
The report shows that more and more countries are creating jobs in renewable energy, but China alone represents 42% of the global total, followed by the European Union and Brazil in Latin America with 10%, and the US and India with 7%. %. respectively.
Mexico factor
According to the Mexican government, climate change is exacerbating existing social, economic and environmental problems such as poverty, social inequality, food shortages, deteriorating public health, and the degradation and loss of natural resources.
The purpose of the General Climate Change Law is to increase the powers of municipalities and the Federation to coordinate actions, increase transparency and include risk atlases.
Mexico’s climate change adaptation measures have introduced economic instruments to combat the phenomenon, such as financing for sustainable projects, electricity, green bonds, a special tax on production and services, clean energy certificates, electricity auctions and a carbon market.
Companies facing climate change
The UN estimates that annual damage from natural disasters is between $250 and $300 billion, holding back the progress of millions of people. With this in mind, companies contribute to economic development and their activities have a direct impact on the environment and environment.
The 2030 Agenda includes 17 sustainable development goals, which include climate change, environmental protection and urban design, among others. Many companies have already weighed the risks and options to respond to this challenge and have included sustainability as part of their mission.
Opportunities exist for companies wishing to play an active role in the development of products and services. The Climate Group’s report, Debt Free: Growing a Low-Carbon Economy, found that the market value of the 85 largest renewable energy companies reached $200 billion in 2020.
Water challenge
Latest report on Planet Tracker on water scarcity caused by climate change shows that financial institutions are focusing on four sectors: oil and gas, electricity, coal and metals and mining, which are exposed to significant risks due to water scarcity and pollution.
The report says $13.5 billion in assets are already locked up and another $2 billion is at risk due to water issues. Projects included include the Keystone pipeline in Canada, the Pascua Lama gold mine located between Chile and Argentina, the Adani coal mine in Australia and the Oyster Creek nuclear facility in the United States.
The United Nations projects a 40 percent global water shortage by 2030, based on current trends.
Source: Aristegui Noticias
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
