Their challenges also include changing weather patterns, sea-level rise, increases in droughts and floods, the ICCB added. Also Read - Leading the charge against climate changeWhile the International Chamber of Commerce welcomes announcements at the US Leaders’ Climate Summit and G7 meetings of increased pledges for climate change mitigation and finance, these pledges do not yet place the world on track to achieve committed UN Climate Change Conference (UNFCCC) Paris Agreement actions. According to Climate Action Tracker, the sum of all the targets submitted so far would limit global warming to an estimated 2.4°C by century’s end. More than a decade ago, developed countries committed to jointly mobilizing $100 billion per year by 2020 in support of climate action in developing countries. This private sector platform could also provide for practical and realistic dialogue on converging climate and recovery agendas, according to the ICCB.

Source: Dhaka Tribune July 19, 2021 13:16 UTC