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Regulatory round-up

By Victor Smart and

The Intergovernmental Panel on Climate Change has sounded its starkest warning yet about the irreversible changes being inflicted by global warming. Even at current levels, heating is causing dangerous and widespread disruption, and threatens devastation to swathes of the natural world, it says in its report ‘Climate Change 2022: Impacts, Adaptation and Vulnerability’.

Swenja Surminski, head of adaptation research at the LSE’s Grantham Institute, told Sustainable Views that regulators needed to focus more on adaptation and resilience. She said: “The report brings home that climate change is not really a future risk any more – we have to act now. Often in the financial community it is seen as a longer-term thing, where we focus on net zero now and adaptation later. But these goals and objectives are really linked. There are many decisions being taken today which put firms on a certain trajectory.“

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