In 2023, the New York forum is giving a voice to emerging economies. These economies are already benefiting from a geographical redistribution of global economic growth.
The United Arab Emirates, was a key witness to these new opportunities. Razan Al Mubarak has been head of the Abu Dhabi Environmental Agency since 2010 and is the embodiment of this new generation.
Climate week NYC 2023 – The focus turns to growing economies.
In 2022, Climate Week in New York was an opportunity for Positivéco to put the US green economic policy and the attractiveness of its market back at the centre of our attention.
In 2023, we note that the New York forum is giving a voice to emerging economies. These economies are already benefiting from a geographical redistribution of global economic growth. They weigh on the diplomatic stage and are positioning themselves as leaders in sustainability. Perhaps the leaders of the developed economies are ready to give up this position, as they struggle to implement decarbonisation objectives in their own territories?
The United Arab Emirates, which will be hosting COP 28, was a key witness to these new opportunities. Razan Al Mubarak has been head of the Abu Dhabi Environmental Agency since 2010 and is the embodiment of this new generation. She is currently President of the International Union for Conservation of Nature (IUCN). She was appointed the United Nations Climate Change High-Level Champion for the leadership team of COP28.
In November, COP28 in the United Arab Emirates will see the first-ever comprehensive assessment of progress towards climate goals. An opportunity to take stock and look to the future.
Joe Biden had made it a presidential objective, and henceforth a bulwark against inflation: the country must have reduced its net greenhouse gas emissions by 50% by 2030 compared to 2005 emissions.
Under the scrutiny of the Carbon Action Tracker initiative, whose work was presented last year in NYC, the US roadmap is less promising.
The policies and measures taken by the country do not live up to the target and undermine its credibility.
Climate week NYC 2022 – The biggest Climate event on earth
In 2022, the city of New York organised its climate convention in a business context marked by the IRA Act and the colossal budget dedicated to greening the American economy by 2030 which created a huge call for projects. Major brands, start-ups, NGOs and strategists were all present.
Joe Biden had made it a presidential objective, and henceforth a bulwark against inflation: the country must have reduced its net greenhouse gas emissions by 50% by 2030 compared to 2005 levels, a target registered with the United Nations when the country joined the Paris Climate Agreement in 2021. According to US projections, the emissions curve would have turned permanently downwards.
According to US projections, the emissions curve would have bent permanently. Annual emissions would fall.
Under the scrutiny of the Carbon Action Tracker initiative, whose work was presented this week in NYC, the US roadmap is less promising. There would have been a pause in emissions in 2020 due to Covid, but emissions would have increased in 2021 by 6% compared to 2020. The policies and measures taken by the country do not live up to the target and undermine its credibility.
The global thermometer continues to rise.
Only 8-9% of global emissions would be covered by a satisfactory mitigation target. For an almost complete review of national and regional commitments, go to the NGO’s website.
Source: CAT warming projections, Global temperature increase by 2100, November 2021 Update
*NDC : Nationally Determined Contribution – https://unfccc.int/ndc-information/nationally-determined-contributions-ndcs
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About Positivéco
At Positivéco, we see the new national and international regulations on CSR as an opportunity for positive growth.
Our aim: to apply financial and commercial skills to structure projects outside the traditional silos.
Since 2009, we have been supporting climate investment and development aid projects; we evaluate CSR policies and carry out extra-financial reporting for our clients. Positivéco advises financial institutions, public actors, listed and non-listed companies.
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With Positivéco, your success is our priority. Since our conception, we have always applied financial and commercial expertise outside the traditional silos, to structure successful and impactful client projects. This improves the visibility of your activities for enhanced profitability and increases your financial valuation.
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