The Cop26 summit in Glasgow resulted in a key shift in thinking to resolve the climate change crisis, a report has found, dispelling concerns that the event failed to make an impact.
In November last year, thousands of global figures converged on the Scottish city and discussed ways to achieve a carbon-neutral future and keep global warming to 1.5°C above pre-industrial levels by 2050.
A study has found that Cop26's Breakthrough Agenda may help to bring positive tipping points that could lead to the rapid adoption of green technology.
Signatories to the agreement pledged to "make clean technologies and sustainable solutions the most affordable, accessible and attractive option in each emitting sector globally before 2030".
By focussing on boosting economic sectors where the "green" option is cheapest and easiest, governments may have started a series events that will ultimately lead to a drop in carbon emissions.
The paper from Exeter University looks at the "enabling conditions" for a tipping point, such as the declining price of a green technology.
Combinations of factors such as cost and public attitude have helped to bring about tipping points in electric vehicles and solar energy.
The paper also examines how these points can be brought on, for example through protests by Greta Thunberg that resulted in a surge in global activism.
"The only way we can get anywhere near our global targets on key issues like carbon emissions and biodiversity is through positive tipping points," said lead author Prof Tim Lenton, director of the Global Systems Institute at the University of Exeter.
"The challenges are enormous – we need to cut greenhouse gas emissions in half by 2030 and reverse biodiversity loss to make our impact 'nature-positive'.
"The Breakthrough Agenda is the first time a large group of countries has agreed joint climate change goals in the form of economic tipping points.
"We argued for precisely this in a previous paper, and we are heartened to see world leaders adopting this approach. Our new paper shows a variety of ways that tipping points can be activated.
"Societies worldwide will need to put all of these into action to bring about low-carbon transitions at the pace and scale required to avoid dangerous climate change."
Prof Lenton highlighted the growth and acceptance of plant-based diets, including meat substitutes, as one of the next major changes.
"These changes often start with small groups of people with a big idea," he said. "These can become networks of change that grow into large movements with a major impact.
"Public and private money is also important. Public money is often first, funding research and development, and private finance then comes to drive an idea at scale."
The paper, written by a team including researchers from Hamburg University and University College London and published in the journal Global Sustainability, is entitled: Operationalising Positive Tipping Points towards Global Sustainability.
The researchers say their framework for finding and bringing about tipping points needs "testing and refining".
"There is no better way forward than to learn by doing," they said.
"Continuing to delay action to accelerate a just transformation towards global sustainability will only accentuate the need to find and trigger even more dramatic positive tipping points in the future..
How to increase your savings
- Have a plan for your savings.
- Decide on your emergency fund target and once that's achieved, assign your savings to another financial goal such as saving for a house or investing for retirement.
- Decide on a financial goal that is important to you and put your savings to work for you.
- It's important to have a purpose for your savings as it helps to keep you motivated to continue while also reducing the temptation to spend your savings.
- Carol Glynn, founder of Conscious Finance Coaching
KILLING OF QASSEM SULEIMANI
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes
MATCH INFO
Manchester City 1 (Gundogan 56')
Shakhtar Donetsk 1 (Solomon 69')
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The currency conundrum
Russ Mould, investment director at online trading platform AJ Bell, says almost every major currency has challenges right now. “The US has a huge budget deficit, the euro faces political friction and poor growth, sterling is bogged down by Brexit, China’s renminbi is hit by debt fears while slowing Chinese growth is hurting commodity exporters like Australia and Canada.”
Most countries now actively want a weak currency to make their exports more competitive. “China seems happy to let the renminbi drift lower, the Swiss are still running quantitative easing at full tilt and central bankers everywhere are actively talking down their currencies or offering only limited support," says Mr Mould.
This is a race to the bottom, and everybody wants to be a winner.
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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Sholto Byrnes on Myanmar politics
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