A just 1.5°C transition away from fossil fuels, climate finance and nature at the heart of first Global Stocktake outcome alongside Global Goal on Adaptation and Loss and Damage Fund.

The COP28 outcome made it clearer than ever that we must transition away from fossil fuels in a just and equitable manner. It also underscored the importance of the global goal on adaptation in strengthening resilience and reducing vulnerability to climate change, as well as the vital importance to protect and restore nature. The need for enhanced support and finance for developing countries was flagged as a critical enabler of climate action. 

The COP28 decisions set out a to-do list for Parties and partners to work together to achieve deep, rapid and sustained reductions in greenhouse gas emissions in line with 1.5 °C pathways, making an explicit reference for the first time to the need to reduce 43% of GHG emissions by 2030 and 60% by 2035 relative to the 2019 level.

A new flagship UN report on climate change out Monday indicating that harmful carbon emissions from 2010-2019 have never been higher in human history, is proof that the world is on a “fast track” to disaster, António Guterres has warned, with scientists arguing that it’s ‘now or never’ to limit global warming to 1.5 degrees.

A new study conducted by researchers at Purdue, Yale, and MIT has found that one hour of video conferencing emits up to 1 kilogram of carbon dioxide, uses up to 12 liters (3.2 gallons) of water, and requires a piece of land the size of an iPad Mini.

Banks Produce 700 Times More Emissions From Loans Than Offices. The greenhouse gas emissions associated with financial institutions’ investing, lending and underwriting activities are more than 700 times higher, on average, than their direct emissions, according to a report published Wednesday by climate nonprofit CDP.

The global healthcare climate footprint is equivalent to the greenhouse gas emissions from 514 coal-fired power plants.

What do you need to report on as per the corporate GHG Standard developed by the GHG Protocol requirement? The standard covers the accounting and reporting of seven greenhouse gases covered by the Kyoto Protocol – carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PCFs), sulphur hexafluoride (SF6) and nitrogen trifluoride (NF3). It was updated in 2015 with the Scope 2 Guidance, which allows companies to credibly measure and report emissions from purchased or acquired electricity, steam, heat, and cooling.