Stories Below come from our Media Partner 3BL Media - Click their logo or any of the stories for more information
Global Warming and Climate Change, Global Warning Information, Updates
Global Warming and Climate Change
Updated January 2011
The year 2010 ended with an enormous blizzard that engulfed the northeast US, paralyzing New York and Boston and much of the Atlantic Coast. That storm was followed almost three weeks later by yet another severe snow storm that had the same effect. Speculation started immediately that these events had their roots in global warming – Time Magazine wrote:
“The World Meteorological Organization recently reported that 2010 is almost certainly going to be one of the three warmest years on record, while 2001 to 2010 is already the hottest decade in recorded history. Indeed, according to some scientists, all of these events may actually be connected.”
Just a few days before at the CNN debate on climate change, UN Climate Secretary Christiana Figueres said that “private businesses are better placed than governments to tackle global warming because they can act faster...” There appeared to be an agreement at the event that the urgency to reduce carbon emissions was such that business could not afford to wait for governments to act.
Prior to the UN-sponsored Cancun Climate Conference in December 2010, the world's largest global investors were urging the conference delegates and the US Congress to “take action now in the fight against global warming or risk economic disruptions far more severe than the recent financial crisis.”
Unfortunately, at Cancun and the year before in Copenhagen, government progress to address climate change only inched slightly forward. But while government consensus moved by inches, the scientists tell us we should be moving by miles – or do they?
The last two years has seen the debate of the existence of human-caused climate change -- or any climate changed -- challenged by doubters. Some poor science conducted by some believers/ supporters, followed by unfortunate media reporting and the issues identified as hot in the recent Congressional elections saw weak support for global warming among Americans. Witness this: “The poll, one of four annual surveys conducted by Shelton Group, surveyed 1,098 Americans who at least occasionally buy green products and found only about half believe climate change is occurring and caused by human beings…”
While the majority of the American public apparently are yet to believe in the problems of climate change and global warming and world governments unable to agree on a course of action, AC will continue to focus on potentially one of the greatest issues world society faces. Since this section was begun in April 2008 more than 1,200 articles, commentaries and reports have been posted for our readers. No doubt there is more to come. (We invite you to tell us where you stand on the issues.)
Institutional investors are focused on the potential or rising risk posed by climate change to the companies they hold in portfolios. “Climate change,” “global warming” and “sustainability” (of the company owned, over the long-term) are trigger phrases now for all manner of shareholder activities – and corporate responses. The argument is not always about “if” climate change is occurring or “who” or “what” is responsible – often, the investors now ask: What is the company doing to prepare for and mitigate the risk? Investors have many questions: Has the company charted its “carbon footprint” – has management taken steps to inform shareowners of real or potential climate change risks – what are the potential costs of mitigating such risks – and more.
Looking to put muscle behind these requests, shareowners are filing numerous proxy petitions (shareholder sponsored proxy resolutions) on the ballot in 2008. Coalitions are being formed to address climate risk issues at public companies. On September 18, 2007, a broad coalition of investors, state officials with regulatory and fiscal management responsibilities, and environmental groups filed a landmark petition asking the Securities and Exchange Commission (SEC) to require publicly-traded companies to assess and fully disclose their financial risks related to climate change issues. The coalition formally asked the Commission's Division of Corporation Finance to immediately begin "[c]losely scrutinizing the adequacy of registrants' climate disclosures" under existing law.
The institutional investors involved represent $1.5 trillion in managed assets and include major public employee pension funds, state treasurers and comptrollers, state attorneys general and major environmental organizations. Their “First of a Kind” resolution will create major waves on Wall Street and in the corporate suites as the campaign goes on. (This issue is not going anyway anytime soon.)
The coalition includes the Environmental Defense, Ceres, the California State Treasurer Bill Lockyer, Florida Chief Financial Officer Alex Sink, Maine State Treasurer David G. Lemoine, New York State Comptroller Thomas P. DiNapoli, North Carolina State Treasurer Richard Moore and Oregon State Treasurer Randall Edwards, as well as New York State Attorney General Andrew M. Cuomo.
The Securities and Exchange Commission staff had no immediate reaction, but in the overall dialogue regarding shareholders rights, federal regulations and corporate governance, this measure landed like a bombshell in Washington, DC. Accountability-Central will continue to present news and commentary as the climate change issue unfolds and various capital markets players present their views and opinions.
Learn more about climate change: http://www.learnstuff.com/climate-change-and-global-warming-an-objective-overview/
Latest on Global Warming and Climate Change
January 4, 2021 In Search of Sustainable WineSource: Wine Searcher
Sustainability initiatives for wineries can certainly include organic and biodynamic initiatives, but could also include, say, greener packaging or solar-powered production lines.
Source: Mechanical, Electrical & Plumbing
The UAE’s Ministry of Energy and Infrastructure has welcomed a high-level delegation from Israel’s national water company, Mekorot, to discuss frameworks for joint cooperation and for exchanged experiences supporting the...
Source: News UN
Renewables are becoming more affordable every year, and “some options are now cheaper than fossil fuels”, pointing out that since 2010, the price of solar had decreased by 89 per cent.
This year made Floridians feel climate change in our daily lives as we slogged through a supercharged hurricane season, extreme rainfall, and heat, in the midst of a pandemic.
Source: Living Architecture Monitor
In response to the urgent call for action on climate change, more than 110 countries have pledged carbon neutrality by 2050 and many more are working on improving their national climate targets ahead of the United Nations Climate...
December 28, 2020 ‘Leadership is coming from the cities:’ Bozeman among local governments leading push for clean energy in MontanaSource: Bozeman Daily Chronicle
Bozeman, Missoula and Helena are part of an effort to establish a subscriber-based green tariff program with NorthWestern Energy, which would involve the utility adding more renewable energy sources that customers big and small...
December 11, 2020 5 Drivers Behind the Sustainable Investing ShiftSource: Visual Capitalist
Against all odds, sustainable investing in the U.S. smashed records in 2020. Estimated net flows reached $20.9 billion in the first six months alone—that’s nearly equal to the amount of new money invested in all of 2019.
December 11, 2020 Mastering the digital transformation network: Wind energy’s impact on global sustainability hinges on holistic innovationSource: Wind Power Enineering
The transition to renewable energy has already begun, but its potential and evolution coincides with another, much more obvious and visible revolution in the form of digitalization. By combining the two monumental facets of...
December 11, 2020 This is how we can design a more sustainable digital economySource: Big Think
It's up to us, as business leaders, to reimagine the way we do business and find new ways to tackle climate change. We each have arenas where we spend our time, whether that's finance, retail or healthcare. We need to examine...
Source: Packaging Europe
A newly-formed group comprising leading companies including Procter & Gamble, Mondel?z, Unilever, SIG, Tetra Pak, and Amcor has committed to a new set of design principles with the aim of improving the recyclability of plastic...
|HOME | ABOUT THE SITE | SUBSCRIBE TO SUSTAINABILITY HIGHLIGHTS NEWSLETTER | VOICES: FEATURED COMMENTATORS AND BLOGGERS | SPECIAL SECTIONS|