World’s Biggest CO2 Polluters Failing to Meet Climate Goals
The world's biggest emitters of greenhouse gases are far short of meeting their climate goals, new research says. The research paints a bleak picture, no matter how you look at it.
Only one in eight of the world's most-polluting companies are on track to meet their climate goals under the Paris agreement, as Reuters reported. The researchers found that only 20 of the 160 most-polluting companies have made strides to reduce their emissions to a level necessary to keep global temperature from rising 2 degrees Celsius above pre-industrial levels.
Another part of the research looked into 274 of the world's highest emitting publicly listed companies and found that almost half of the world's largest companies do not even consider future risks from the global climate crisis in their operational decision-making. Almost 25 percent of the publicly listed companies that are the world's biggest-polluters do not report their greenhouse gas emissions despite regulators and central banks in many countries asking for greater disclosure of climate risks, according to The Guardian.
Researchers at the Grantham Institute on Climate Change and the Environment at the London School of Economics carried out the study, which was funded by the Transition Pathway Initiative, a group of investors who manage about $14 trillion and are supportive of the Paris agreement. The researchers analyzed the financial disclosures of companies in key sectors including oil and gas, steel and aluminum, utilities, car manufacturing and air transport, according to The Guardian. The firms examined in the study account for more than 40 percent of emissions from public companies around the world.
"It's over three years since the Paris agreement was signed, and this research shows the corporate sector is improving its climate planning and performance, but not fast enough," said Simon Dietz, co-director of the Grantham Institute, The Guardian reported. "Cutting through the noise, we can see that barely 12% of companies plan to reduce emissions at the rate required to keep global warming below 2C."
The findings highlight the distance between the private sector's handling of the climate crisis and the transformation that scientists say is needed to stop the climate crisis from wrecking the planet, according to Reuters.
"The clock is ticking on irreversible climate change," said Adam Matthews, co-chair of the Transition Pathway Initiative and the director of ethics and engagement at the Church of England Pensions Board, in a statement, as Reuters reported. "Investors need to adopt an emergency footing otherwise the window to secure the change we need will be gone."
This study follows an open letter from investors managing more than $34 trillion in assets, nearly half the world's invested capital, to G20 governments last month stressing the urgent need to tackle global warming. Some investors have already divested from fossil fuels.
"This research shows clear leaders and laggards emerging within sectors from airlines to aluminum, and that gives investors an investment-relevant decision to make today," said Faith Ward, co-chair of the Transition Pathway Initiative, as The Guardian reported. "As the effects of climate change accelerate, we can expect to see more capital flow away from those companies that bury their head in the sand, and towards those companies aligning with a 2C pathway."
At first glance, you wouldn't think avocados and almonds could harm bees; but a closer look at how these popular crops are produced reveals their potentially detrimental effect on pollinators.
Migratory beekeeping involves trucking millions of bees across the U.S. to pollinate different crops, including avocados and almonds. Timothy Paule II / Pexels / CC0<p>According to <a href="https://www.fromthegrapevine.com/israeli-kitchen/beekeeping-how-to-keep-bees" target="_blank">From the Grapevine</a>, American avocados also fully depend on bees' pollination to produce fruit, so farmers have turned to migratory beekeeping as well to fill the void left by wild populations.</p><p>U.S. farmers have become reliant upon the practice, but migratory beekeeping has been called exploitative and harmful to bees. <a href="https://www.cnn.com/2019/05/10/health/avocado-almond-vegan-partner/index.html" target="_blank">CNN</a> reported that commercial beekeeping may injure or kill bees and that transporting them to pollinate crops appears to negatively affect their health and lifespan. Because the honeybees are forced to gather pollen and nectar from a single, monoculture crop — the one they've been brought in to pollinate — they are deprived of their normal diet, which is more diverse and nourishing as it's comprised of a variety of pollens and nectars, Scientific American reported.</p><p>Scientific American added how getting shuttled from crop to crop and field to field across the country boomerangs the bees between feast and famine, especially once the blooms they were brought in to fertilize end.</p><p>Plus, the artificial mass influx of bees guarantees spreading viruses, mites and fungi between the insects as they collide in midair and crawl over each other in their hives, Scientific American reported. According to CNN, some researchers argue that this explains why so many bees die each winter, and even why entire hives suddenly die off in a phenomenon called colony collapse disorder.</p>
Avocado and almond crops depend on bees for proper pollination. FRANK MERIÑO / Pexels / CC0<p>Salazar and other Columbian beekeepers described "scooping up piles of dead bees" year after year since the avocado and citrus booms began, according to Phys.org. Many have opted to salvage what partial colonies survive and move away from agricultural areas.</p><p>The future of pollinators and the crops they help create is uncertain. According to the United Nations, nearly half of insect pollinators, particularly bees and butterflies, risk global extinction, Phys.org reported. Their decline already has cascading consequences for the economy and beyond. Roughly 1.4 billion jobs and three-quarters of all crops around the world depend on bees and other pollinators for free fertilization services worth billions of dollars, Phys.org noted. Losing wild and native bees could <a href="https://www.ecowatch.com/wild-bees-crop-shortage-2646849232.html" target="_self">trigger food security issues</a>.</p><p>Salazar, the beekeeper, warned Phys.org, "The bee is a bioindicator. If bees are dying, what other insects beneficial to the environment... are dying?"</p>
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