The Intergovernmental Panel on Climate Change (IPCC), a body set up by 195 members of the United Nations to provide rigorous and balanced scientific information on climate change, confirms that the climate system is warming up. The IPCC concludes that the period from 1983 to 2012 was probably the warmest 30-year period over the last 1400 years. Average global temperatures have increased by approximately 0.85°C between 1880 and 2012.
Scientists differ in their forecasts and impact of climate change however they all agree that it is happening and acknowledge the dangerous consequences. There has already been an increase in the frequency of extreme events such as heatwaves, wildfires, droughts, and floods, as well as rises in sea levels and the retreat of glaciers. In Malta, the seasons are merging into two a typical long summer followed by a mild short winter. The overlapping seasons of Spring and Autumn are becoming shorter every year.
These changes have had adverse impacts on human health, wildlife, plants, crop yields, food security and water availability. Whilst the impact varies across different countries, the consequences are serious. Undoubtedly the heaviest burden will be borne by the world’s poorest people. Greenhouse gases are extremely likely to have been the main cause of global warming since the middle of the last century. The largest emissions come from the burning of fossil fuels, particularly coal, from agriculture and from deforestation and other changes in land use. Forests also act as a “sink” by soaking up carbon dioxide, a prominent greenhouse gas, and are rich in biodiversity.
These events are a call to action and Finance Incorporated along numerous other companies are working towards taking effective action by endorsing the right culture whilst refusing to work at the detriment to the environment.