Vattenfall’s Post

Climate progress isn’t linear, but it’s happening. While global CO2 emissions are set to reach a record high this year, 2024 also saw a tremendous outpouring of commitment from people trying to create a new world where those emissions fall. While it’s important to continue holding those responsible accountable for their actions, progress is also about celebrating the wins. This year’s victories are just one step on the path to restoring the planet, and they illustrate how change comes in waves. For Atmos, Editor-At-Large Yessenia Funes breaks down some of the big moments in climate progress from 2024.

On the heels of the hottest 12 months in recorded history, United Nations Secretary-General António Guterres made clear that it's crunch time for climate action and carbon removal: "We need high integrity carbon markets that are credible and with rules consistent with limiting warming to 1.5 degrees. I also encourage scientists and engineers to focus urgently on carbon dioxide removal and storage – to deal safely and sustainably with final emissions from the heavy industries hardest to clean. And I urge governments to support them. But let me be clear: These technologies are not a silver bullet; they cannot be a substitute for drastic emissions cuts or an excuse to delay fossil fuel phase-out. But we need to act on every front." We couldn't agree more. Responsible removal, alongside steep reductions, keeps our global climate goals within reach. We'll keep working with the urgency demanded by the UNSG to scale a low-cost carbon removal solution! https://lnkd.in/gCX7JCZc

Takeaways from our team that were on the ground at #COP29. Good news on international #carbon trading with key agreements reached. Mixed signals on the #energy transition, however, affirm investors’ view of an uneven transformation, while investment to address #climate-driven physical risk looks likely to continue apace. #MSCIResearch #MSCICarbonMarkets http://ms.spr.ly/6045WNRsb Receive expert insight from the world’s biggest climate events, from anywhere. Sign up for our climate email series: http://ms.spr.ly/6048m5cdY

The SBTi has released a draft guidance for the chemical sector, and are welcoming feedback from industry until 10 January 2025. If your company works in the chemical industry, you can explore our recently published article on how your operations could be impacted by the guideline. Follow link below for more info!

In 2024, compliance carbon markets cover almost 20% of global emissions. Hopefully it will improve significantly by 2030 and the price can reflects the harmonious correlation between decarbonisation and climate justice. #COP29 #ClimateAction #GlobalCarbonMarket

2024 was a year of ups and downs—historic challenges, inspiring progress, and incredible action from people like you. Truly, we couldn’t have done this without you 💚. In 2025, the path ahead won’t be easy. But we’re hopeful and ready to keep moving forward. With milestones like COP 30 in Brazil on the horizon, the stakes couldn’t be higher—but neither could our determination. Together, we can make this year a game-changer for climate solutions, clean energy, and a better future for all.

The world stands at a crossroads in the battle against climate change. With the impacts of climate change already being felt around the world, we asked some of the leading EU negotiators to reflect on the first Global Stocktake process. In short: current actions are not nearly enough. "Even if we reached the targets that countries are setting, we would be falling far short – we would only be about 2% below the 2019 emission levels in 2030. To keep the 1.5°C temperature goal in reach, a 43% decrease would instead be needed by 2030, according to the IPCC,” says Dr Frederik Pischke, Scientific Adviser at the German Environment Agency. Read more in #FLUXES: https://bit.ly/47ZADpy

ICYMI: Generation has signed the 2024 Global Investor Statement to Governments on the climate crisis 🌍   🎯We believe that strong policy is key to reaching a net-zero emissions economy by 2050 or sooner, alongside interim targets that align with a 1.5°C pathway.   As #COP29 takes place week, we’re pleased to join the most comprehensive investor call yet for governments to take action and help unlock the private capital needed for a just and sustainable future 🌱 ➡  Find out more about the #climatepolicy asks here:

A new framework allows climate damages to be assessed more accurately, by treating carbon dioxide as a risky asset with a negative payoff. Authors Adam Bauer and Gernot Wagner explain why the framework is needed and how it works.