The last time the concentration of Earth’s main greenhouse gas reached 400 ppm, the Arctic was ice-free and sea levels were many meters higher.
Earlier this month, a long-anticipated climate milestone was measured in Hawaii: The last time the concentration of Earth’s main greenhouse gas reached 400 ppm, the Arctic was ice-free and sea levels were over 10 meter higher.
“With 400 ppm CO2 in the atmosphere, we have crossed an historic threshold and entered a new danger zone. The world must wake up and take note of what this means for human security, human welfare and economic development.”
Executive Secretary of the UN Framework Convention on Climate Change Christiana Figueres
Also in May, a UN report cites economic losses from climate-related disasters since 2000 in the range of hundreds of billions. On the positive side already 10 percent of asset owners and fund managers are integrating environmental, social and governance issues into their investment process.
For more information: www.unisdr.org/archive/33003 and IIGCC (Institutional Investors Group on Climate Change), 2010, Climate Impact Reporting for Property Investment Portfolios: A guide for Pension Funds and their Trustees and Fund Managers.