A flooded mobile home park in England highlights the urgent need for action on climate change, as experts warn we are close to crossing four irreversible tipping points: collapse of ice sheets in Greenland and Antarctica, abrupt thawing of permafrost, death of all tropical coral reefs, and collapse of the Labrador Sea current. The outcome of Cop29 is seen as neither a success nor a disaster, but rather a mixed result, with progress still possible but potentially too late for a good agreement.
A flooded mobile home park in England. we are in danger of crossing four irreversible tipping points: collapse of the Greenland and West Antarctic ice sheets; abrupt thawing of the permafrost; death of all tropical coral reef systems; and collapse of the Labrador Sea current. All this would put us in a new and very dangerous world. Photograph: Dan Kitwood/Getty Images)
Without this, the required investments will not make a commercial return. This is largely because of country risk. Yet, when we are attempting to solve a global problem, which demands a global solution, country risk should be irrelevant. What matters is global returns and so global risks.
Moreover, they add, it calls on developed countries to increase their financial support to developing countries to $250 billion per year by 2035″. Yet, they add: “This figure is too low and not consistent with delivery of the Paris Agreement.” Moreover, while both groups agree on the priority of finance, the IHLEG quantifies the International Energy Agency’s “net zero emissions by 2050″ pathway. Both this pathway and that of Kleinnijenhuis and Bolton are intended to limit the temperature increase to 1.5C. But the IEA’s appears to be a little more forgiving. As a result, action under the NZE seems to be somewhat less urgent than Rockström et al demand.
CLIMATE CHANGE IRREVERSIBLE TIPPING POINTS COP29 GREENLAND ICE SHEET LABRADOR SEA CURRENT
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