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Policies for a Resilient Net Zero Emissions Economy

Source : 

 IGCC


Author : 

 IGCC


Link : 

 View Article Source


Story Date : 

 Apr 13 2019


 

The Investor Group on Climate Change (IGCC) advocate for a market-based carbon pricing mechanism as critical to the investment decisions needed to limit warming to 1.5 Degrees.

Since inception, Climakind has championed the need for a carbon market. In order to reduce man made global warming fossil fuels must be kept underground. A market-based solution will reprice the carbon risk and unlock the investment in alternative energy sources.

In the recent report, Policies for a resilient net zero emissions economy, the IGCC state; "to ensure companies and investors are managing emissions in an efficient way this needs to include a price on carbon. Pricing carbon embeds climate risk into the lifeblood of investment decisions. If carbon is priced, the cost of pollution can’t be ignored. Development of a carbon market that is transparent, liquid (many participants and free flowing trade) and focused on achieving net zero emissions will enable investors to better anticipate and plan for future carbon risks." (emphasis added).

Australia must pave a way to a net zero emissions economy. In addition to a carbon market, Australia must align 2030 targets to 1.5 Degree Paris Agreement objectives, and develop economy-wide strategies to achieve net zero emissions by 2050.

Investors are directly impacted and need to manage climate change related physical and transition risks. This requires a change in investment practice to integrate climate change related risks, as well as corporate and public policy engagement.

Investors and governments must play their part, because the investment decisions made today will have a material impact on the retirement funds, economy, environment and society.

 

 

 

 

 

Act Now

The message from science is clear - we urgently need to act now to reduce global carbon emissions and help stop damaging climate change.

The evidence linking human carbon emissions to global warming is clear. We need to make deep cuts in carbon emissions in order to avoid the irreversible consequences of damaging climate change.

Those consequences become severe once temperatures have risen above 2 degrees Celsius. We must and can avoid this much warming.


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