December 10, 2009


A Challenging Climate 2.0 - What banks must do to combat climate change

Global climate change as it is now unfolding is the planet’s greatest environmental challenge, directly threatening the prosperity, livelihoods and security of billions of people worldwide. If current trends in greenhouse gas emissions continue, average global temperatures could rise as much as 6.4°C by the end of this century, with devastating and irreversible effects for all people and the planet.To avoid climate change turning into an uncontrollable process, global average temperatures should peak as far below 1.5-2°C over pre-industrial levels as possible. Even with this temperature rise the world will face dramatically different environmental and atmospheric circumstances. Millions of peoples’ lives will be severely impacted by drought, floods, food shortages, spread of communicable diseases, biodiversity loss, forced resettlement of communities and widespread loss of livelihood. The vast majority of those affected will have contributed little to the current levels of greenhouse gases in the atmosphere. More…

Source: Banktrack


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