The IPCC (Weltklimarat) comes to the conclusion that even a warming of two degrees Celsius has severe consequences for our planet and with the currently planned measures of two-degree-celsius-limit cannot be achieved. The focus is therefore on urgency. Ms. Alzbeta Klein, Director of Climate Business at the World Bank Group’s International Financial Corporation (IFC) mentioned in an interview in the Wiener Zeitung 27/28 October 2018 “Climate change is a financial risk!” two technologies to mitigate the climate change problem: one is the storage of solar energy (including for the household) and the other Off-shore-wind power. For both, the World Bank Group is launching a $ 5 billion investment program. Ms. Klein notes a lot of movement at the corporate level citing several reasons: leadership vision and increasing pressure from customers. In summary, Ms. Klein enumerates three levers: visionary business leaders, a government that takes the climate change seriously, and finally the consumer who demands a greenhouse,green car, and food with a good carbon footprint.
Roland Leithenmayr VFV
The 2015 United Nations Climate Change Conference, COP21 or CMP11 will be held in Paris, France from November 30 to December 11, 2015.
Because Environmental Economics play a crucial role in Climate Change, here are some essential topics explained in WIKIPEDIA.