Record-breaking heatwaves, devastating wildfires, and catastrophic floods are becoming the norm rather than the exception as the world warms. 2023 was one of the warmest years on record according to the World Meteorological Organization and
NDCs are the cornerstone of global climate efforts. They represent each country's commitment to reduce greenhouse gas emissions and adapt to the impacts of climate. They should be renewed every five years, represent a progression beyond the previous plan, and reflect the highest possible ambition of each country. New NDCs for 2035 are due by next year.
And the reason business needs thought-through, coherent policy planning is because pollution and global warming has the ability to significantly disturb the operating environment for all businesses, whether large or small. From trade disruptions, damaging weather events and threats to resources and raw materials, to financial risks from rising insurance costs, volatile energy pricing, changing cost of land, labor and resources – there is much that good policy can prepare for.