Clear Government Plans Will Bring Business Backing For Climate Action [Forbes]
IBERDROLA SA S/ADR (IBDRY)
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Source: Forbes
AFP via Getty Images Record-breaking heatwaves, devastating wildfires, and catastrophic floods are becoming the norm rather than the exception as the world warms. 2023 was one of the warmest years on record according to the World Meteorological Organization and 2024 is likely to be even hotter The relentless burning of fossil fuels and the degradation of ecosystems are the root causes of this dangerous warming. To speed up the switch from coal, oil and gas to cleaner energies, and protect and restore nature, countries must submit ambitious and investible national climate plans which are called Nationally Determined Contributions (NDC) under the Paris Agreement. NDCs are the cornerstone of global climate efforts. They represent each country's commitment to reduce greenhouse gas emissions and adapt to the impacts of climate. They should be renewed every five years, represent a progression beyond the previous plan, and reflect the highest possible ambition of each country. New NDC
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