Sustainable Business

SB June 2013

Sustainable Business magazine - essential reading for sustainability professionals

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Blog Spot 2/3 The Hawaii data is not the only item of sobering climate news. A few months ago, the World Bank issued a truly frightening report stating: "Without further commitments and action to reduce greenhouse gas emissions, the world is likely to warm by more than 3°C above the pre-industrial climate. Even with the current mitigation commitments and pledges fully implemented, there is roughly a 20% likelihood of exceeding 4°C by 2100. If they are not met, a warming of 4°C could occur as early as the 2060s". They added that a further warming to levels over 6°C, with several metres of sea-level rise, would likely occur over the following centuries. You may want to sit down for the next bit: A recent report by the Club of Rome claimed that an increase over 4°C could mean an acceleration of global warming past tipping points, eventually diminishing the carrying capacity of the planet to fewer than a billion people, not the 7 billion-plus of us now living! Now I'm worried I may have lost you with that last warning. Are such assertions by experts just unpalatable? Will people just glaze over, switch off, ignore the facts and hope the problem goes away? Well, it won't. Not unless we do something. So what can be done? First of all, let's not give up on keeping global warming to less than 2°C above pre-industrial times. Even though this amount of warming would cause huge problems, with major impacts on agriculture in the tropics, ocean acidification, sea-level rise, droughts and loss of biodiversity, it's incomparably better than the plus4°C scenario. Staying below a 2°C rise will be no mean feat. It requires us to leave at least two thirds of proven fossil fuel reserves in the ground, unless carbon capture and storage technology is widely deployed. So it was encouraging to see, in April, the International Monetary Fund call for an end to the $1.9tn in fossil fuel subsidies handed out worldwide each year. Speaking as a Welsh resident, it means we also need to think hard before we start exploiting even more

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