Lawyers for Climate Action NZ’s Post

The argument is clear – directors have a duty to protect the environment.   Climate change isn't going away, and it is every director's duty to mitigate climate risk.    ⬇ Read the article to find out more, including how to access free tools and resources.

Four months into 2024, the lessons from 2023 in the climate policy arena serve as a good reminder: policy coherence within and among countries remains essential for accelerating global climate action. Our latest article “Climate Policy in 2023,” published in the Climate Chronicles as part of Nature Reviews Earth & Environment’s annual ‘Year in Review’ series, is now live. (➡️ https://bit.ly/3PNwYDs) In 2023, we saw a mix of progress and regression in international and national climate policies. Countries agreed on new initiatives like the JETPs and Loss and Damage Fund, while major emitters expanded their policies to cut emissions. But this progress was overshadowed by setbacks, including the UK's retreat from its climate commitments. This tug-of-war makes halving emissions by 2030 nearly impossible, impeding progress towards the Paris Agreement.  Only when all countries move in the same direction can climate policy safeguard sustainable and just development for all. 🤝 Leonardo Nascimento Catrina Laura Godinho Takeshi Kuramochi Mia Moisio Michel den Elzen Niklas Höhne #climartepolicy #climateaction #fossilfuelphaseout #renewableenergy    

Where are we in terms of climate action plan as per Nationally Determined Contribution (NDC) under the Paris Agreement? Interesting insights into global commitments towards Paris Agreement and domestic climate change policies. Tackling climate change requires a unified effort from all countries, as well as coherent and ambitious actions at the national level. The simultaneous expansion of coal and renewables in some countries underscores the challenges of transitioning to a sustainable energy system. It is crucial for countries to align their domestic policies with their international commitments of the Paris Agreement to ensure progress towards a low-carbon economy. Initiatives like the Global Renewables and Energy Efficiency Pledge can help drive momentum towards cleaner energy systems, but they must be supported by concrete actions at the national level. Credible and ambitious national policies are essential to not only meet climate targets but also to inspire confidence and collaboration among nations, thereby safeguarding the well-being of current and future generations. Enlynn Khoo Richard Tan Chin Hwee Ee Siew Pek (白仪秀) Evie Lim Yee Wei KAT YL CHU Kathleen G. Datuk Ir. Ts. Dr. Mahadi Mohamad Durkha Santhinee Yin Fang L. Arnida Arsam Julia Chin Tony Chin FCA, ICDM(F), QRD Robin Yong CMIIA CISA CDPSE CBCP CC Patricia W. Gakure Tahyr Orazov Wei Lun L.

There is great power in unity and solidarity. For those of you in the UK, you could very well follow this letter up with a letter or email to your elected officials and party members highlighting that you too expect them to not only take this seriously but put pressure on their leadership to act on this letter. See the comments for ways to advocate if you are not in the UK. #everylittlethingcounts #climateadvocacy

Unlocking Climate Ambition: the Significance of Article 6 In the efforts to tackle climate change, a clear goal looms large: a 43% reduction in greenhouse gas emissions by 2030 to limit global heating to 1.5°C. The Intergovernmental Panel on Climate Change IPCC and leading climate scientists warn this is needed to avert the worst impacts of climate change. However, a report recently published by UN Climate Change reveals a stark disparity between this goal and current commitments in national climate plans, which would increase emissions by 9% by 2030 compared to 2010 levels. And yet, the challenge is not unsurmountable. One urgent question is how developing and least developed countries can be expected to put forward ambitious climate pledges under the Paris Agreement, when many do not currently have the means or the resources necessary to enable an economy-wide transition towards a low emissions future. This is where Article 6 of the Paris Agreement comes into play. It enables international cooperation to tackle climate change and unlock financial support for developing countries. There are three tools which countries can draw upon under Article 6:   Article 6.2: Allows countries to exchange mitigation outcomes bilaterally and to report their trade, and use them towards their nationally determined contributions (NDCs).   Article 6.4: Establishes a new UNFCCC mechanism for the validation, verification and issuance of high-quality carbon credits.   Article 6.8: Provides opportunities for countries to cooperate towards the achievement of their NDCs without relying on carbon markets. At the heart of these efforts is the UN’s new high-integrity carbon crediting mechanism, uniquely positioned under Article 6.4 to allow countries to raise climate ambition and implement national action plans more affordably. It identifies and encourages opportunities for verifiable emission reductions, attracts funding to implement them, and allows cooperation among countries and other groups to conduct and benefit from these activities. It can also be a source of climate finance for developing nations, with a share of proceeds going towards adaptation funding to build resilience to the inevitable impacts of climate change.

Triton publishes its Climate report 2023/24, covering our approach to risks and opportunities relating to climate change. This new climate report meets the requirements of the FSB Task Force on Climate-related Financial Disclosures (TCFD) guidelines. We believe that the TCFD is important in driving consistent and comparable climate disclosures, in turn allowing stakeholders to engage with entities responsible for carbon emissions.    We continue to be guided by the premise that investing responsibly is aligned with investing profitably. Triton integrates analysis of sustainability risks and opportunities, key aspects of building resilience and creating value. Explore Triton’s Climate report 2023/24 here: https://lnkd.in/eAEdmCSm   Find out more about responsibility at Triton here: https://lnkd.in/dBc3khu   #BuildingBetterBusinesses

408 climate experts have signed an open letter to UK political party leaders calling on them to commit to these 5 pledges: 1. Publish and implement a credible and legal strategy for ending the UK’s contribution to climate change by meeting the UK’s statutory Carbon Budgets and its target of net zero emissions of greenhouse gases by 2050. 2. Accelerate action across all sectors and all parts of the UK to adapt and become more resilient to those impacts of climate change that cannot now be avoided, in line with UK Climate Change Risk Assessments. 3. Respect and act on all the advice of the expert independent Climate Change Committee, including its warning in its most recent Progress Report that “the UK will continue to need some oil and gas until it reaches Net Zero, but this does not in itself justify the development of new North Sea fields”. 4. Lead by example internationally on climate change, including through the implementation of the decision at COP28 in Dubai in December 2023, and the commitment to “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science”. 5. Increase public and private funding and support for climate change mitigation and adaptation in developing countries. Without such a pledge, we do not believe that your Party deserves support in the forthcoming General Election. The stakes couldn’t be higher for this next Government. If you’re wondering who to vote for in your area to make your vote count for climate action, register with VoteClimate.uk to receive tailored guidance. #vote #2024election #climateaction

The better we understand what we're working with, the better prepared we are to tackle climate change - businesses disclosing a greater volume climate risk information can lead to to us finding new connections and solutions to the climate crisis 🌍 #climatechange #climatecrisis #disclosure #oneplanet https://lnkd.in/d6eQq6zt

408 climate experts have signed an open letter asking UK political party leaders to pledge ambitious action on climate change. The letter outlines five specific actions required in a programme of climate action. These include a strategy for meeting the UK’s Carbon Budgets and net zero targets, action to help the UK adapt and become more resilient to climate impacts, international leadership on climate change and support for mitigation and adaptation in developing countries. https://lnkd.in/ezjNbTut

☀ 🌤 🌦 ⛱ Companies are now required to report the effects of climate change in their SEC filings—this will make a super interesting read and addition to ✉ filings. This will detail the risks that companies and investors may face from the effects of climate change versus the risks that corporate businesses might pose to the climate.