"#COP30 wasn't just a conference—it was a preview of our climate future. Belém showed us what's at stake."
Dr Nina Seega shares her reflections on the key wins and remaining gaps in her latest Forbes piece: https://lnkd.in/eN_8ZAK3?utm_source=hootsuite
As COP30 kicks off, CISL's Director for the Centre of Sustainable Finance, Dr Nina Seega, discusses how the conference presents an opportunity for the UK to 'lead on the world stage' on LBC
🎙️Listen here: https://youtu.be/DhIggprK-Uk?utm_source=hootsuite
@ninaseega.bsky.social writes for @forbes.com today on the three critical shifts we must see from the financial system if we are to reduce systemic financial risk of climate inaction and unlock huge economic and financial opportunities.
ow.ly/r9M350VRGhC
#RewiringFinance
"We are living in unprecedented times. The relative stability we have enjoyed in the western world since the end of WWII no longer exists. We can and must adapt."
Read CISL's Centre for Sustainable Finance's @ninaseega.bsky.social's latest op-ed on @forbes.com
www.forbes.com/sites/ninase...
At this historic moment of geopolitical change and economic transformation, the question for businesses is whether they will step up to shape the future - or be shaped by it.
Discover how #TransformingMarkets is critical for business's survival: cisl.shorthandstories.com/business-lea...
‘One-third’ of 2012 soya crop failure in the Americas was due to climate change #Climate
📈Director of Centre for Sustainable Finance @ninaseega.bsky.social discusses the 'head-spinning' challenges that Trump's new SEC rules are creating for investors at a time when climate change and other ESG issues are more urgent than ever in @reuters.com today.
www.reuters.com/sustainabili...
As we are waiting for #cop16 to close in Rome, there is a curious reduction in the amount of GBFF pledges from USD396mn as tallied together in Cali to USD382mn in the latest financial mechanism text. Where did the 14mn go?
NEW: Official advisers CCC say UK shld cut emissions 87% by 2040
⚖️Net cost of net-zero 73% less than thought
💷Total cost to 2050 = £108bn (~£4bn/yr, 0.2% GDP)
🏡🚗H’hold energy/fuel bills to fall £1,400
🔌Electrification is key
THREAD + charts
www.carbonbrief.org/...
1/10
🧵As the Government unveils plans to boost clean power, worth noting how much public sentiment has shifted to seeing clean energy not just as good, but as a no-brainer. All voter groups (inc Reform) are more likely to think renewables will cut cost of living than raise it
Kicking off Building Bridges with a discussion on what happened in 2024 and thoughts on priorities for 2025…
STRIKING NEW DATA: More than a quarter of new cars sold in the UK in November were battery EVs (so much for "stalling sales")
📈BEV sales up 51% year-on-year
📉Petrol sales down 35% year-on-year (!)
Data from New Automotive
How climate policies reduce air pollution saving lives and money #Climate
Picture of Eliot, with quote next to it: “These negotiations limped over the line with some shreds of progress, but represent baby steps forward when we need to be picking up the pace. Baku was billed as the ‘finance cop’, but countries only made minimal progress -setting a new financial target that represents little increase over what’s required to keep up with inflation.”
With #CoP29 done we’ve put out our verdict from the #CISL team who were filtering the talks and covering events.
All of this will only be possible with ambitious leadership, skilful diplomacy and a commitment to drive sustainability into every financial and economic decision in 2025 and beyond.
This will entail rewiring our financial architecture to allow public and private finance to flow seamlessly to where it is needed most. It also means aligning all financial flows with Sustainable Development Goals.
As ever, the pressure will need to stay to ensure that Baku to Belem roadmap delivers tangible results and lifts the finance goal much closer to the needs of developing countries.
An ambitious vision of the future, however, it was not.
While the final figure for the NCQG of US $300bn is lower than expectations, provisions around mobilisation of finance to LDCs and SIDs - along with the launch of a Baku to Belem roadmap to drive the figure closer to US $1.3tn per year - made it a palatable compromise.
Coming at the end of what looks like another hottest year on record, the Baku COP kicked off with an agreement on carbon markets which, while not perfect, has been a long time coming and so was seen as a positive sign.
COP29 was always going to be measured by two yardsticks: the ambition around the reset of Nationally Determined Contributions (NDC) and the amount of finance agreed to help developing countries mitigate, adapt to and compensate for losses from climate change.
COP29: Five key takeaways from Brazil’s 2035 climate pledge | @orladwyer.carbonbrief.org YanineQuiroz @giulianaviglione.bsky.social w/ comment from @anealencar.bsky.social Claudio Angelo
Read here:
G20 Rio declaration is out - hitting all the right notes on climate and urging leadership at #COP29. www.g20.org/en/documents...
Looking forward to new NCQG texts at #COP29 today. The progress on the new version of USD100bn goal will be one of the deciding factors of the success of this COP.
My thoughts on #COP16
www.forbes.com/sites/ninase...
Some thoughts on what’s happening and not at Davos…
www.forbes.com/sites/ninase...
