Giving Compass' Take:
- Amar Bhattacharya and Nicholas Stern discuss the need for comprehensive and bold action in the face of the existential threat climate change poses.
- What can be done to invest in the renewable energy sector?
- Learn about Clean Energy Districts.
What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
The COVID-19 pandemic showed us that human existence is fragile and perilous. However, if we do not take action now against climate change, the damage could be even greater and more lasting than the effects of the pandemic. Decisions made now are crucial in shaping the future of people and the planet. We must not go back to the old normal; it’s imperative to build back better through sustainable, inclusive, and resilient growth.
The 2018 Intergovernmental Panel on Climate Change (IPCC) special report Global Warming of 1.5°C highlighted the grave risks of global warming beyond 1.5 degrees Celsius, the already evident impact of climate change, and the limited time to arrest it. Projections show that more rapid and severe climate change will inflict greater harm on the environment, lives, and livelihoods. For example, warming of 2 degrees Celsius instead of 1.5 degrees Celsius would essentially wipe out all coral reefs on the planet, instead of 70 to 90 percent, and expose 37 percent of the population, instead of 14 percent, to extreme heat at least once every five years. Warming that exceeds 2 degrees Celsius significantly increases the risk of larger, likely irreversible environmental changes. The IPCC’s 2021 report documents the rapid acceleration of climate change, dramatically narrowing the window for limiting global warming from 2 degrees Celsius to 1.5 degrees Celsius and underscoring the imperative to reach net zero emissions by 2050.
There is a growing realization that the risks and economic costs of climate change have been underestimated. If unchecked, climate change could displace hundreds of millions of people, mostly in the developing world, increasing the potential for conflict. Likewise, carbon-intensive economies depend on jobs that may be eliminated in the future to reduce pollution and avert catastrophic climate change. Jobs and incomes will be lost, driving many into poverty, and the longer decarbonization is delayed, the more disorderly future shocks will be.
Read the full article about climate justice by Amar Bhattacharya and Nicholas Sternat Brookings.