Climate change: lack of data, funding are hurdles to carbon-reduction progress - South China Morning Post
Climate Change: acquiring technology and getting suppliers on board are vital to corporate success in carbon-reduction efforts | South China Morning Post
Attendees stand during the COP27 climate summit in Sharm el-Sheikh, Egypt in November 2022. Photo: Reuters
Climate Change: acquiring technology and getting suppliers on board are vital to corporate success in carbon-reduction efforts
- Only 12 per cent of organisations are meeting or exceeding their ambitious carbon reduction targets while 68 per cent of them see room for improvement: survey
- More executives in Hong Kong and mainland China cited lack of data, inability to get suppliers to deliver the goals
Attendees stand during the COP27 climate summit in Sharm el-Sheikh, Egypt in November 2022. Photo: Reuters
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”