Abstract
The IPCC Special Report finds that current policies are not sufficient to limit global warming to well below 1.5°C, and that the gap between the actions on the ground and the required changes in order to meet the global goal is widening rapidly. One reason is that scientific assessments based on mitigation scenarios have so far focused on the required measures and investments rather than the role of the finance sector in mobilising the resources needed. The lack of consideration of climate-related financial risks and opportunities makes the current generation of climate scenarios less useful for implementation and in many cases also unrealistic. We propose thus a novel research agenda to integrate the role of the financial sector and its climate sentiments into the scenarios and models used by the climate research community, including the Shared Socioeconomic Pathways. These innovations should help align policies, economy and society with the climate goals.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.