Items tagged with CLIMATE CHANGE

The article emphasizes the need for the financial system to be aligned with the necessary transition towards a more sustainable economic model. While sustainability has different dimensions (including social and governance), we concentrate our efforts on climate change, as it has attracted the need for urgent actions by financial markets and institutions, on ground of financial stability.

The Intergovernmental Group of Experts on Climate Change (IPCC) has shown that efforts towards mitigation are insufficient to stop this phenomenon. This occurs because experts have shown that many of its effects are already irreversible for many populations, so adaptation has become an essential action in strategies designed to face climate change. 

The environmental disasters that generate the greatest number of displacements are those caused by humans: those caused by the extractive industry, agroindustry and factory farming, and those caused by climate change. The extractive and agro-livestock industry monopolizes huge areas of land and generates pollution that affects even larger areas, forcing many populations to abandon those territories. 

The COVID-19 pandemic and the mobility limitations imposed to try to contain its spread have led to a drastic decrease in emissions of air pollutants and CO2. For the former, the drop in the atmospheric concentrations of the main urban air pollutants leads to a decrease in mortality attributable to air pollution. This has not been the case in the case of CO2 emissions; though they have decreased by close to 8%, that is insufficient to show a measurable impact in the context of the climate crisis. On the other hand, social distancing measures can have counterproductive effects on other prevention systems related to health effects aggravated by climate change, such as in the case of heat waves.