LONDON, June 4. /TASS/. More than 200 largest companies in the world with a total market capitalization of about $17 trillion believed that climate change will cost them almost $1 trillion. This is stated in the report, posted Tuesday on the website of the international charity organization CDP (The Carbon Disclosure project for disclosure of greenhouse gas emissions).
The majority of the risks associated, in particular, with increasing temperature, abnormal atmospheric phenomena and international market mechanism for trading emissions of greenhouse gases can, according to experts, to affect the company in the next five years.
According to the head of the Department for climate change CDP Nicolette Bartlett, “companies are quite obvious effects of climate change and the direction of their actions.” “Our analyses show that there are many risks on this account, including depreciation of assets, market changes and the physical damage from climate impacts”, she said.
Along with the loss giants such as Apple, Microsoft, Unilever, UBS, Nestle, China Mobile, Infosys, Sony and BHP, see the report, and great opportunities in the field of business. They first take into consideration the increase in revenues is due to the demand for environmentally friendly products (e.g. electric vehicles), changes in consumer preferences and increased availability of debt capital, as financial institutions increasingly prefer producers with a low level of harmful emissions. In General, these opportunities are estimated at $2.1 trillion, the report said. All interested parties “should take note of it, and companies from various sectors to become more active,” says Bartlett.
According to a special report issued following the meeting of the intergovernmental panel on climate change in Incheon (Republic of Korea), limiting the growth in global temperature of 1.5 degree (not 2 degrees, as stipulated by the Treaty of Paris) would allow 50% to reduce the water deficit expected by the year 2100. The sea level may rise by the end of the century 26 — 77 cm if temperatures rise by 1.5 degrees, while a rise of 2 degrees it will rise an additional 10 cm, which is extremely negative impact on the lives of 10 million people living in the coastal strip, increasing the risk of floods.
The experts came to the conclusion that 2030 is necessary to achieve reduction of carbon dioxide emissions into the atmosphere by at least 35% in comparison with 2010, and by 2050 to achieve zero emissions. This will mean that any remaining CO2 emissions would need to be balanced by the removal of similar amounts of carbon dioxide from the atmosphere.
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