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 Climate Change

Environment
Published on: Aug. 10, 2021, 2:25 p.m.
‘Code Red’ for humanity
  • Too hot to handle: greenhouse gases produce heatwaves that ravage the world

By Business India Editorial

According to major scientific research that lays out the terrible implications of climate change, global warming is likely to exceed the 1.5 Celsius limit established by the Paris Agreement during the next two decades, and then exceed that after 2040, even if the world swiftly lowers emissions. The paper ties together severe occurrences and long-term human causes. In comparison to its first report in 1990, the IPCC's latest research illustrates the shift of global warming from a distant concern to a contemporary crisis.
 
According to the UN's Intergovernmental Panel on Climate Change (IPCC) human-caused greenhouse gas emissions are already affecting every part of the planet, producing more severe heatwaves, floods, droughts, and storms.
 
What is occurring with climate change is too significant to ignore — and it will affect business as much as anything else. As climate change continues to have an influence on every corner of the globe, the repercussions will have an impact on every company's operations.
 
Experts demonstrate how drastically different the current environment is from that in which modern human civilisation initially flourished. Global warming is affecting every part of the world, making it a more volatile environment.
 
What the numbers say
 
According to the research, global warming by the end of the century would range from 1.3 to 5.7°Celsius, over 1850–1900 levels, depending on greenhouse gas emissions. Some of the current effects, such as continued sea-level rise, are ‘irreversible over hundreds to thousands of years,’ according to a statement that accompanied the report.

The fact that the ‘best estimate’ range of extra warming by 2100 is from 1.4°C to 4.4°C is extremely worrying and serious. and global leaders should be implementing further steps to reduce greenhouse gases, among other measures, especially since the report says that under intermediate- to high-emissions scenarios, sea levels are expected to rise by at least a foot and a half to more than three and a half feet by the end of the century. A seven-foot increase by 2100, or perhaps 16 feet by 2150, ‘cannot be ruled out’.

The Investor industry is already moving in this direction, albeit at a slower pace than others. For example, in the US, regulators such as the Securities and Exchange Commission are presently reviewing potential new climate change disclosures. Lawmakers and the White House are debating what America can do on a variety of policy fronts. Investors, ranging from small seed-stage VCs to major private equity companies, are pooling funds to support anything from technology to businesses to larger-scale projects that might aid in the battle against climate change.


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