Greenbank Investments’ Post

#COP29 delivered some progress, but there’s far more to be done.🌱🌍 At the 2024 United Nations Climate Change Conference, world leaders, innovators, and activists came together to tackle environmental challenges including plastic pollution.   The major outcome from the talks were leaders agreeing to the New Collective Quantified Goal (NCQG), pledging to contribute at least $300 billion annually to the global fight against climate change.   While this outcome is a step in the right direction, many have called the funds inefficient and there is still a long journey ahead to deliver effective climate action and transition away from fossil fuel plastics.   We hope to see more ambition for change at this week’s UN Global Plastics Treaty negotiations in Busan, Korea. Stay tuned for updates.💪 #Sustainability #PlasticPollution #Bioplastics

With 24 days of formal negotiation between almost 200 countries completed, spread over meetings in Peru, France, Kenya and Canada, the fifth and final negotiation meeting about plastics is about to take place in Busan, South Korea. This is crunch time. Agreement must be found or the opportunity to take global action to tackle #plastic pollution might be lost. Climate negotiations at COP29 ended in a deal that mostly showed how far the world is from facing climate change’s real dangers. #ISCC #PLASTIC #SUSTAINABILITY #CIRCULARITY #CIRCULAR #ECONOMY #FEEDSTOCK

ROW - Reducing Organic Waste (የሚበሰብስ ቆሻሻን ለመቀነስ የወጣ መግለጫ) At #COP 29, 35 countries collectively responsible for 50% of global methane emissions from organic waste endorsed the #COP29 Climate & Clean Air Coalition declaration on reducing methane from organic waste. Signatories including 7 of the 10 largest organic waste methane emitters in the world commit to launching strong policies and roadmaps to meet this methane reduction target. #UN Environment Programme #CCAC #COP29 #ROW #EcoJusticeEthiopia

🚨 In just 1 hour, the COP29 Presidency of Azerbaijan will publish its declaration on reducing methane from organic waste for climate action! 🌍🌱 This declaration includes key calls for: ✅ Commitment to sectoral targets to reduce methane within NDCs ✅ Mobilizing financial resources 💰 ✅ Enhancing transparency and data-driven policies 📊 We hope many countries pledge to join the initiative, but it’s crucial this doesn’t remain voluntary! Concrete, measurable targets and a financing scheme are essential. 🚀 It must also exclude technologies that simply swap methane for CO2 and focus on food waste prevention, segregation, and biological treatment. 🔴 Lastly, the voices of waste workers and waste pickers from the Global South MUST be part of these discussions to ensure a just transition. ✊🌍 #COP29 #MethaneReduction #ClimateAction #JustTransition #WasteManagement #NDC #Sustainability #ClimateJustice

Will a 40% reduction in virgin plastics production by 2040 be enough for the plastic industry to stay within a <1.5°C carbon budget ❓ Our latest research commissioned by Environmental Investigation Agency shows that a global target to reduce virgin plastic production by 40% by 2040 relative to a 2025 baseline (The 40x40 goal) would be an important enabler for climate impact reduction for the plastics industry, but may not be enough to limit global warming to 1.5°C. We recommend: -       Increasing recycling ♻ -       Reducing demand ⬇ -       Value chain decarbonisation ⛓ -       A global reduction target 🎯 We’re proud to have compiled this important research launched at COP29 and hope it will support decision makers at the upcoming INC5 plastic treaty negotiations later this month have the information needed to make evidence based plans for managing plastic 💪 Check out the full report for yourself - link in comments 👇 #COP29 #PlasticTreaty #PlasticIndustry #PlasticProduction #PlasticWaste #40x40 #Sustainability #Environment #Report

COP29 at Baku, Azerbaijan from November 11th ” LIGHT THE FUSE TO AN EXPLOSION IN 2025 “ Antonio Guterres Secretary General. United Nations These climate conferences are being held every year for the past three decades. There have been many resolutions and ratifications. Actions have been meager resulting in severity of climate change. Citizens in many areas are suffering from warmer temperatures, floods, thunderstorms, rising in sea levels etc,. There is no time to lose. Let us start lighting the fuse. O. Stop using the plastic disposables O. Pause to use plastic wisely O Start using plastic reusables “ Let every individual and institution now think and act as a responsible trustee of EARTH, seeking choices in ecology, economics and ethics that will provide a sustainable future, eliminate pollution, poverty and violence, awaken the wonder of LIFE and foster peaceful progress in the human adventure “. John McConnell Founder. Earth Foundation Day Share your thoughts # climatechange # pollution # citizenparticipation # climateactivists

If this is how we intend to save our planet from the vagaries of pollution than even God almighty cannot come to our rescue. 🤦♂️The North (Developed Countries) have yet again demonstrated their callousness of throwing their waste in their neighbour (South)'s backyard by paying for it in Carbon Credits without even caring to address #greenwashing concerns in the Article 6 of the Paris Convention #cop29 #carboncreditsham #climatechange

COP 29 kicks off in Azerbaijan today. We fully support this initiative and are working hard to develop future solutions that prevent the harmful effects of environmental pollution. We are committed to sustainable practices to ensure a greener and healthier future for all. Our comprehensive range of products and services enables industries, governments, and communities to effectively monitor, control, and manage their environmental impact. Let’s all work together to create a greener, cleaner future 🌍 #COP29 #ClimateAction #Sustainability #EnvironmentalManagement #NetZeroSustainableBusiness

🌿With the recently celebrated global agreement to transition away from fossil fuels to achieve net zero by 2050 at the COP 28 climate negotiations, accelerated action to transform the production and disposal of plastics is urgent. Taking giant steps towards driving awareness and sustainable solutions to protect the environment and do away with the single use of plastics is key to building a resilient environmental and socio-economic future. 🍀🌍 Let's stand together to eliminate unnecessary plastic use, create new jobs/business pathways, and benefit our health. #SAICA #ClimateChange #EnvironmentalSustainability #EarthDay #COP28 Nomsa Avuyile Nkomo Tsabo Makoloane CA(SA)

After a year of difficult climate talks, is multilateralism still the best approach for environmental action? Is "minilateralism" an alternative? In 2024, talks to halt plastic pollution, protect biodiversity and end desertification all failed. Meanwhile, a deal at the COP29 summit left developing nations unhappy with the amount of money agreed upon to help them battle global warming and avoided mentioning the need to move away from fossil fuels. Global environmental agreements have never been simple. But political polarization, the growing influence of multinational corporations and strained government budgets have made countries less willing to compromise. “It has become increasingly more difficult to come to an agreement that is ambitious yet feasible and that will address the problem at hand,” Maria Ivanova, director of Northeastern University’s School of Public Policy and Urban Affairs told me. “Issues like climate change and plastic pollution are inherently systemic, cross-sectoral, and embedded in economic structures.” One way to kickstart more ambitious environmental agreements would be to trigger voting among countries instead of trying to reach consensus when negotiating deals, according to Panama’s Special Representative for Climate Change Juan Carlos Monterrey Gómez, who noted that many historical conventions were taken through a simple majority or two-thirds vote. Another alternative is for small groups of states and multi-sectoral coalitions to form alliances that address common priorities, according to Ivanova. “‘Minilateralism’ is emerging as an alternative or at least a complement to multilateralism,” she said. “They are more nimble and can create momentum for broader adoption of shared goals.” Read more about how global talks around climate and the environment fared in 2024 in my latest for Bloomberg Green through the gift link: https://lnkd.in/g6XwSNSx #multilateralism #minilateralism #climate #negotiations #plasticstreaty #biodiversity #desertification #drought #plasticpollution #COP29