Newly inaugurated US President Joe Biden promises to sign about a dozen executive orders on his first day in office, including bringing the US back to the Paris climate agreement.
This puts the Paris climate accord, an international agreement to limit global warming, back on the front page and is good news for those concerned about the threat of climate change.
More good news is evident in the 9% increase in global investment in energy transition during 2020, despite the challenges of the pandemic. Investments in renewable energy and electrified transport accounting for the bulk of the $501 ($USb) invested in 2020. The expansion driven largely by China with a commitment to reach carbon neutrality by 2060 is likely to continue with the US expected to pledge to reduce emission to net zero by 2050.
While boding well for the rapid decarbonisation of the global economy required to avoid runaway climate change, more action is needed including significant changes to food production methods and a halt to deforestation.
Many industries and business are already making the changes necessary to decarbonise their operations and supply chains. If you need any assistance identifying or accelerating actions underway Cress Consulting has the expertise to help your business identify pathways to a more sustainable, secure future and can help you design and implement strategies to reduce climate and business risk.
Cress Consulting are sustainability, risk and water specialists, committed to finding the right solutions to help you secure a more sustainable, secure future.If you would like help to find the right solutions to a more sustainable, secure future, please contact us here.