In Sustainability: Science for Money!

Which will help to develop climate action on the ground and meet binding international obligations, by taking advantage of the scholars, researchers and experts that are full of universities and research centers. Humans have not been guided from the outset by the climate disasters they face, except for the studies of scientists who warned early on that it is impossible to continue to treat nature, which hides humans, in this unfair way. violate.

Scientists have provided evidence of the dangers of ignoring the effects of harmful emissions on the climate and the environment, and that nature, including intensifying floods and hurricanes, spreading forest fires, desertification and drought crises, with human casualties and property losses . , and the world wasted by the recommendation of a group of beneficiaries of the existing conditions for decades without taking decisive action Between the ignorant and the denial, and when the danger became clear, the usual instances of confusion reigned in the face of crises that could have been avoided, and the confusion turned into chaos with problems managing the transition, especially in the energy and fuel security files that worsened with the recent Ukrainian crisis. Of course, this was not the first case in which the innocent paid the price of crises before the culprits, nor will it be the last.

It is as if nature is calling out to people to stop its destruction, and warning of greater disasters that will affect livelihoods and livelihoods if no urgent measures are taken. One of the most important of these measures is what must be followed to lower the earth’s temperature by not exceeding 1.5 degrees Celsius from what it was at the beginning of the industrial revolution. It is known that the Paris Agreement on Climate Change concluded by the world’s governments was satisfied that this increase did not exceed two degrees Celsius, but recent scientific studies have shown that it is a major risk, especially with the increasing rises in the earth’s temperature to actually reach about 1.1 degrees Celsius than it was before The Industrial Revolution.

It is noteworthy that the promises made by countries to the records of the United Nations will raise the temperature of the earth to dangerous levels with an increase of 2.7 degrees Celsius, and that the new promises made last November in Glasgow announced to save what could be saved in the month of Last November, it will reach a reduction that will not exceed 1.8 degrees Celsius, if the promises are kept and their owners are committed to keeping them, and as usual, the fulfillment of the covenant decreases in the absence of transparency, so whoever is safe from punishment has misbehaved and continues to violate it with other promises like the previous ones.

The complaint spread about the lack of standards that can be used in evaluation and comparison, and the phenomenon of what is known as “greenwashing” spread, with companies, financial institutions and other parties claiming their commitment to climate commitments, and then were found to have breached these obligations. The London Financial Times, for example, reported that more than 2,900 investment funds around the world manage financial assets estimated at about $ 2.7 trillion. And that the measure for the attraction of these financial assets is to investigate the rules of investment that positively affect the environment and society in what is known under the acronym “ESG” in English, with reference to its commitment to environmental and social considerations as well as management. . Fundraising in these areas has experienced boom, with many of these funds also declaring that they align with the priorities of climate action and sustainability. With the increase in the demand for these investments and the management of financial assets, the advisory firms operating in the classification have increased to the importance and opportunities of investments available around the world and the merits of investment funds operating in this field, to arrange. But the disadvantage of these advisory rating agencies is that each of them has an independent approach and different methods of evaluation, which complicates the comparison processes. It is possible for a financial asset or investment in a project to be rated highly according to the rating. from one consulting firm and fails in another, misleading investors and confusing the general public as to which funds are performing better. A study by experts from the Sloan School of Management at the Massachusetts Institute of Technology indicates that these inconsistencies and differences in the bases of evaluation and classification will stand in the way of developing and improving performance in the absence of agreement on the nature of the procedure that will improve performance or reduce risks.

New commitments to climate change from corporations, investors, cities and regions, the group that, together with other non-state actors, form the practical and operational impetus outside the relevant state departments, form the formal framework for negotiation. An international team of experts has been formed from the United Nations to monitor and verify climate promises, realizing that there is no way to address these challenges related to promises, their implementation and the quality of investment in them, other than by agreeing on the concepts, standards and procedures to be followed to deal with these investments in practice by identifying their areas and their compatibility with what they announce and making them known.

The international group of experts was formed by the Secretary-General of the United Nations to follow up on commitments to carbon neutrality of institutions and non-state actors. It has included a number of leading experts in the fields of climate and environmental action, finance, development and monitoring. The Minister for the Environment and Climate, Ms Catherine McKenna, has been elected chair of the group which will issue its recommendations before the end. . year in the following four areas:

First, an overview of the criteria and concepts used to set carbon neutral targets and reduce climate-damaging emissions to zero.

Second, the basis for setting carbon-neutral targets and reducing harmful emissions, as well as measurement and disclosure methods.

Third, the practical steps taken to verify the reliability of the procedures and the accurate calculation to achieve the stated objectives of carbon neutrality.

Fourth, the identification of the roadmap for translating the agreed standards and foundations into international and national regulatory rules.

It is necessary for this group to use the competencies and expertise that the prestigious universities and research centers boast to take advantage of the latest developments in science and its respect for facts and evidence. Perhaps, as we prepare for a new climate summit next November in Sharm el-Sheikh, we will build on the contributions of scientific gatherings to support the previous Glasgow summit. Among these contributions were the Network of Universities for the Climate Summit, co-chaired by two leading professors, Emily Schuckberg at the University of Cambridge, and Elisa Gilbert at Imperial College London, along with a significant group of experts and researchers from scientists institutions and universities.

If given the opportunity, scientific research institutes find that they do not stop with their specialized teams when diagnosing the disease for the causes of climate deterioration, but rather develop practical solutions to mitigate harmful emissions, reduce environmental pollutants and adapt to the consequences of climate damage. . And there have been viable, low-cost technological alternatives to energy resources, transportation, urban community development, and the expansion of manufacturing and agriculture, all thanks to investment in human capital and scientific research, transforming its collaboration with manufacturing and business sectors into transformation. of laboratory experiments in large-scale projects, and the achievement of breakthroughs in efforts Work and guidance of the political decision-maker, following developments in the field of investment and fulfillment of obligations, especially in the areas of adjustment that have suffered from neglect in the policies and investments required in water management, food supply, infrastructure protection, coastal areas and rural and urban development programs.

Efforts to achieve sustainable development, which include addressing climate change, provide great opportunities for the participation of science and research departments in providing scientific solutions, policy development and increasing the effectiveness of executive agencies from where the problem begins and ends at the local level, as well as at the state, regional and global levels. Once these scientific solutions are stabilized and they are able to play their role, the massive funding needed to achieve the goals of development, environmental protection and climate will be more assured that their paths will stray or deceive.

* Quoted from the newspaper Asharq Al-Awsat.

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All published articles represent only the opinion of its authors.

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