Engineering Change order Template

Saturday, February 13th 2021. | Sample Templates

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New economic frontier for climate change action New economic frontier for climate change action Last year marked a tectonic shift in the climate change arena, and this was spurred on by the recognition by the European Union (EU) that no ‘crisis should be spoilt’ as Europe moved to change the direction of the world by hard-wiring deeper carbon cuts as part of the bloc’s Covid-19 recovery strategy. Last year marked a tectonic shift in the climate change arena, and this was spurred on by the recognition by the European Union (EU) that no ‘crisis should be spoilt’ as Europe moved to change the direction of the world by hard-wiring deeper carbon cuts as part of the bloc’s Covid-19 recovery strategy. The EU announced far-reaching measures as part of its Build Back Better strategy, which involves injecting significant resources into its recovery package. At least €800-billion has been allocated as part of a package of measures under the EU Green Deal. China too has plans to reach carbon neutrality by 2060 and has signalled to the world that it will no longer fund coal projects abroad. The EU announced far-reaching measures as part of its Build Back Better strategy, which involves injecting significant resources into its recovery package. At least €800-billion has been allocated as part of a package of measures under the EU Green Deal. China too has plans to reach carbon neutrality by 2060 and has signalled to the world that it will no longer fund coal projects abroad. Advertisement Advertisement The US has yet to come up with better Nationally Determined Contribution targets, and this will require it to win over recalcitrant US coal mining states. The US has yet to come up with better Nationally Determined Contribution targets, and this will require it to win over recalcitrant US coal mining states. When the EU made its announcement, it was as if it was saying: “It’s the economy, stupid.” It did not behove the EU to say this only to its own constituencies; the issue of climate change and Africa’s own delayed economic transformation are interlinked. Climate and the new economy are not two different stories, but one, given their increasingly coupled relationship. There is increased convergence at other fronts too, such as geopolitics, the reordering of global finance and trade, industrial and technological innovation, as global decarbonisation is thrusting upon us as a new modernity. When the EU made its announcement, it was as if it was saying: “It’s the economy, stupid.” It did not behove the EU to say this only to its own constituencies; the issue of climate change and Africa’s own delayed economic transformation are interlinked. Climate and the new economy are not two different stories, but one, given their increasingly coupled relationship. There is increased convergence at other fronts too, such as geopolitics, the reordering of global finance and trade, industrial and technological innovation, as global decarbonisation is thrusting upon us as a new modernity. Advertisement Advertisement Investments in climate-related initiatives and the surge in new types of technology have come and gone. Just consider Exxon Mobil’s research into battery technology in the 1970s, which was later abandoned, owing to the decline in oil prices. As the saying goes, had we invested in Apollo-type ambitions for the climate back then, we would not be in the red zone today. Investments in climate-related initiatives and the surge in new types of technology have come and gone. Just consider Exxon Mobil’s research into battery technology in the 1970s, which was later abandoned, owing to the decline in oil prices. As the saying goes, had we invested in Apollo-type ambitions for the climate back then, we would not be in the red zone today. Clearly, energy transitions are about politics, and those who have captured the voices and allocations within the global economy will determine the pace of the transition. The oil, coal and gas industries were not going to let go of that addiction yet, and we must remember that the very power of the dollar, as the premium reserve currency, is linked to the sustainability of the fossil fuel industry. We are in that interregnum – as the Gramscian saying goes – between the old and the new, with the new slowly disrupting the old. Clearly, energy transitions are about politics, and those who have captured the voices and allocations within the global economy will determine the pace of the transition. The oil, coal and gas industries were not going to let go of that addiction yet, and we must remember that the very power of the dollar, as the premium reserve currency, is linked to the sustainability of the fossil fuel industry. We are in that interregnum – as the Gramscian saying goes – between the old and the new, with the new slowly disrupting the old. It is now all about the economy, and the green label has not quite worked a charm in Africa yet, because climate issues have to shift from just being environmental rights issues to economic rights issues and economic opportunities. It is now all about the economy, and the green label has not quite worked a charm in Africa yet, because climate issues have to shift from just being environmental rights issues to economic rights issues and economic opportunities.

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