The Paris Agreement states that “To stay below 1.5 °C of global warming, emissions need to be cut by roughly 50% by 2030”. Everyone, from policymakers and regulators to banks and investors will need to understand the symbiosis between the planet, economic activity and economic development. This is an age-old geopolitical problem in the true sense of the word – a conflict over resources between nations, social groups and individuals, and the failure to resolve it is perhaps because of its intractable and universal nature.
In essence, any resolution to the problem means moving from punitive solutions to ones that “nudge” behaviours. The use of tariffs to incentivise change is almost by definition too blunt an instrument because it focuses on a mercantilist world in which trade was zero-sum.
But now that trade has to be zero-carbon rather than zero-sum, we need to be more strategic in our approach. This means taking our aspirations and goals to deliverable and measurable actions.
The United Nations has outlined 17 Sustainable Development Goals to improve health & education, reduce inequality, & spur economic growth – all while tackling climate change & working to preserve our oceans & forests. In line with these goals, new regulations are being developed and implemented globally across all sectors.
To help you stay ahead of the ESG regulation and how you may be impacted Coriolis Technologies have aggregated all incoming regulations across the trade industry.