The Straits Times News (STN) sighted ‘out of the box’ suggestion to fight climate risk.
The Climate topic is really getting ‘hot’ and to cool down the situation, the founder of Virgin business Richard Branson shared a simplistic and brilliant posting to tackle the climate issues.
According to the website posting, Richard Branson highlighted that for the first time, environmental concerns are the top five global risks in the World Economic Forum’s Global Risks Report.
The health of the ocean – or lack of it – is everywhere. 2019 was the hottest year ever recorded for the ocean, capping the hottest decade on record for the planet.
The ocean, which feeds us, regulates our climate and is one of the engines of the global economy, is changing at the fastest rate in human history.
Viewing the climate emergency through this ocean risk lens paints a bleak picture, but it also points the way to practical, powerful solutions – because achieving a healthy, thriving, resilient ocean will have huge knock-on benefits for wider climate commitments, not to mention all the Sustainable Development Goals.
As we embark on a new decade we have a unique window of opportunity to disrupt the status quo and shift away from the current pathway of planetary decline. Ending support of unsustainable fishing, agreeing a new high seas treaty, and a new global deal for nature that protects 30 per cent of land and sea – all are achievable. Meeting the SDG 14 targets will help build a heathy ocean, buoy up the global goals on poverty and hunger, jobs and health, and enhance the ocean’s capacity to be a buffer against climate change.
So, what’s to be done?
First and foremost, we need to make deep, rapid cuts to global carbon emissions and meet the Paris targets.
At the same time, we must invest in nature. Specifically, to reduce ocean risk, we need to massively increase investment in nature-based solutions like protecting and restoring coral reefs, mangroves and coastal wetlands – call it green/blue infrastructure.
The business and finance sectors can make a real impact by actively spearheading these initiatives around the world.
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