The conference, which is hosting thousands of leaders, climate activists and business representatives, has already seen several other major commitments to cut carbon emissions. Mr Trump announced last year that he would be walking away from the Paris agreement, which commits nations to set ambitious plans to cut emissions.
The list of organisations who are part of the newly launched “Investor Agenda” includes 279 investors controlling $31tn who had already signed up to the aims of the Climate Action 100+ in agreement with this statement: “We, the institutional investors that are signatories to this statement, are aware of the risks climate change presents to our portfolios and asset values in the short, medium and long term.
A growing number of Australians are concerned about the impact of climate change, and more than half of a survey of 1,756 voters believe the Morrison government needs to stay in the Paris agreement, despite Donald Trump’s decision to withdraw the US.
United Nations secretary general António Guterres has warned that the world is facing “a direct existential threat” and must rapidly shift from dependence on fossil fuels by 2020 to prevent “runaway climate change”.
Sign up here for Climate Fwd:, our email newsletter.The United Nations secretary general, António Guterres, warning that countries are retreating from a promise made nearly three years ago to save the planet from the most catastrophic effects of climate change, on Monday scolded world leaders and called on them to “break the paralysis” on reining in greenhouse gas emissions.“Climate change is the defining issue of our time, and we are at a defining moment,” he said at United Nations headquarters in New York.
Patricia Espinosa, executive secretary for the United Nations Framework Convention on Climate Change, said on Sunday at the closing press briefing for the Bangkok meeting that progress was made on most issues but nothing was finalised.
ActionAid International, which is monitoring the Bangkok talks said: “With a little over 48 hours remaining, developed countries, led by the US have road blocked negotiations on financing.”
The communique made it clear that it was only “leaders of forum island countries” – a term that a forum spokesperson confirmed denoted all forum member countries other than Australia and New Zealand – who called on the US to return to the Paris agreement on climate change.
The first assertion of the strongly worded Boe Declaration says all Pacific nations, including Australia, “reaffirm that climate change remains the single greatest threat to the livelihoods, security and wellbeing of the peoples of the Pacific, and our commitment to progress the implementation of the Paris agreement.
Countries must decide the rules that will govern the Paris climate agreement, and without this “negotiating text” the UN climate change conference held in Poland at the end of the year will have no basis.
“When we look at the individual pledges [by cities, regions and businesses] the impact isn’t that large so we absolutely need national governments to pull through and do a lot of the heavy lifting,” said Dr Angel Hsu, the director of Data-Driven Yale, which led the study.
10 July 2018, Rome - New analysis and modelling released today by FAO and more than 100 collaborating scientists projects that by 2050 climate change will have altered the productivity of many of the planet's marine and freshwater fisheries, affecting the livelihoods of millions of the worlds' poorest people.