«Our collective failure to act quickly and harshly against climate change means that we must now drastically reduce emissions – more than 7% a year if we share them equitably over the next decade,» said Inger Andersen, UNEP Executive Director. «This shows that countries simply cannot wait until the end of 2020, when new climate commitments are coming to strengthen their action. You – and every city, every region, the economy and individuals – must act now. Building on the momentum of the fight against climate change, the Secretary-General will launch his Youth Advisory Group on Climate Change on 27 July to increase young people`s voices and engage young people in an open and transparent dialogue, as the UN prepares to strengthen its ambitions and accelerate action to address the climate crisis. People are feeling the far-reaching effects of climate change, which include changing weather patterns, rising sea levels and more extreme weather events. Greenhouse gas emissions from human activities are fuelling climate change and continue to rise. They are now at the highest level in history. In the absence of measurements, the average temperature on the world`s surface is expected to rise during the 21st century and likely exceed 3 degrees Celsius during this century, with some parts of the world set to warm even more. The poorest and most vulnerable people are the most affected. But climate change is a global challenge that does not respect national borders. Emissions everywhere affect people everywhere.
This is a subject that requires solutions that need to be coordinated at the international level, and it requires international cooperation to help developing countries move towards a low-carbon economy. The Paris Agreement is an ambitious, dynamic and universal agreement. It covers all countries and emissions and is designed to last. It is a monumental agreement. It consolidates international cooperation in the field of climate change. It offers a path forward. Experts see significant risks for companies that don`t act. These include the deterioration of the reputation of large interest groups such as investors and customers, physical and financial vulnerability to climate impacts, lack of access to capital/divestments and reduced competitiveness vis-à-vis competitors. UNEP`s annual emissions gap report states that even if all current unconditional commitments are implemented under the Paris Agreement, temperatures are expected to rise by 3.2°C, which will have an even wider and more destructive impact on the climate. . .