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The European Investment Bank's Investment Survey also found that Western and Northern European firms are more likely to invest in climate mitigation. [1] [2]Business action on climate change is a topic which since 2000 includes a range of activities relating to climate change, and to influencing political decisions on climate change-related regulation, such as the Kyoto Protocol.
A 2019 modelling study found climate change had contributed towards global economic inequality. Wealthy countries in colder regions had either felt little overall economic impact from climate change, or possibly benefited, whereas poor hotter countries very likely grew less than if global warming had not occurred. [165]
Sustainable consumer behavior is the sub-discipline of consumer behavior that studies why and how consumers do or do not incorporate sustainability priorities into their consumption behavior. It studies the products that consumers select, how those products are used, and how they are disposed of in pursuit of consumers' sustainability goals.
Gov. Gavin Newsom says $11 billion spent through California's cap-and-trade program over 10 years represents the 'backbone' of state efforts on climate change.
The 2015 United Nations Climate Change Conference introduced a new era for climate finance, policies, and markets. The Paris Agreement, which was adopted at that conference, defined a global action plan to put the world on track to avoid dangerous climate change by limiting global warming to well below 2 °C above pre-industrial levels. The ...
The United Nations Environment Programme analyzed $14.6 trillion of global spending in 2020, and found that only 2.5% was directed towards tackling climate change, advising governments to "make use of recovery spending to steer away from the worst impacts of climate change and inequality". [80]
However, this reduction was a result of reduced economic activity, not the decarbonization of the economy required to respond to climate change. [22] The Global Carbon Project estimated that global daily CO 2 emissions may have been reduced by 17% during the most intense periods of COVID-19 shutdowns, but the WMO's Greenhouse Gas Bulletin ...
5 February: a study published in Nature Climate Change, based on 300 years of ocean mixed-layer temperature records preserved in sclerosponge skeletons, concluded that modern global warming began in the 1860s (over 80 years earlier than indicated by sea surface temperature records) and was already 1.7 °C above pre-industrial levels by 2020—a ...