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March 28, 2021 You are here: Home / Business / For climate policies to stay on track we must prepare for transition risks For climate policies to stay on track we must prepare for transition risks (Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Aengus Collins, Deputy Director and Head of Policy, EPFL International Risk Governance Center & Rainer Sachs, Founder, Sachs Institute 2021 could be a pivotal year for climate policy as a growing number of countries and companies increase their environmental ambitions. Ahead of COP26 policymakers must prepare for “transition risks” that increasingly bold climate policies are likely to trigger. ....
A successful climate policy means preparing for unintended adverse impacts, such as job losses in declining energy sectors or potential environmental impacts of scaling up renewables. That s the message of EPFL researchers in their latest policy brief that provides a roadmap for anticipating and mitigating the risks of transitioning to a low-carbon economy and society. It calls on decision-makers to plan ahead and take systematic action. ....
On February 19, the world's second-largest greenhouse gas emitter, the United-States, will rejoin the Paris Agreement. This will kickstart a year of intensifying policy activity ahead of the United Nations Climate Change conference (COP26) in November, when countries will re-commit to their emissions reduction goals. ....