Sustainable Finance Rethinks Capitalism to Combat Climate Change — Accidental European
In the recent weeks we have seen the world face an unprecedented pandemic, and our societies and economies slowly grind to a halt. While our leaders are scrambling to prepare an immediate response, both in terms of public health and to mitigate the economic slowdown, long-term challenges such as climate change will not disappear.
While the emissions of Green House Gases (GHG) have momentarily dropped, they will probably pick up again once the economy recovers from the COVID-19 pandemic.
For years, scientists have warned us that man-made global warming is happening at a very fast pace. Last year, the Intergovernmental Panel on Climate Change (IPCC) made clear that our window of opportunity to avoid an excessive increase in global temperature is closing fast. News flashes about a burning Amazon forest, and more recently, scenes of burning land and beach evacuations of inhabitants by warships in Australia, are making people much more aware of the dire consequence climate change will have for the planet.
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