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The paradox of global financing of climate change

Mount Equity Group Tokyo Japan > News > Markets > The paradox of global financing of climate change

Among the global environmental issues, climate change is the biggest challenge for the humanity triggered by the mounting Green House Gases (GHGs) and consequent increase in earth’s average temperature by 0.18°C in the last one decade. The UN is striving to restore earth’s ecosystems by 2030 with the active support and commitment of investors, business, government and communities.

However, this largely depends on the commitment of countries in achieving climate targets as per the international agreement under the United Nations Framework Convention on Climate Change (UNFCCC). The failure to achieve the targets of Kyoto Protocol and lack of consensus among the countries in the Paris agreement shows collective failure of the international community.

The World Economic Forum’s Report on Global Risk, 2020, observes that “climate action failure” is a threat to economic stability of the world countries which witnessed…

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