My bookmarks

Pins are saved using cookies. Deleting them from your browser will delete your preferences.

Menu
News 

Every half degree counts ! Valérie Masson Delmotte reports on the IPCC's conclusions

17 December 2018

On 18 October, we were honoured to host a discussion with Valérie Masson Delmotte*, CoChair of IPCC Working Group 1, at our Zero Carbon Club event. She shared a summary of the takeaways from the report on the consequences of global warming of 1.5°C published by the IPCC on 8 October.

Every half degree counts ! Valérie Masson Delmotte reports on the IPCC's conclusions

Interestingly enough, without this work the Paris agreement could not have been achieved. The countries most exposed to climate change - mainly island countries - only agreed to sign the agreement subject to an IPCC commitment to prepare a special report on the impact of a 1.5°C increase in global temperatures.

This report draws on 6,000 publications, three-quarters of which were not included in the last IPCC report. The scientific community has therefore stepped up to the plate to study this crucial issue for the small island states, as well as for all of the 195 signatory countries.

The main findings of the report are as follows:
We have already reached 1°C above the pre-industrial period; and the effects of the 1°C increase have started to be felt, particularly through extended heatwaves and heavy rainfall. Climate change is not an issue for some far-off future; it is already here and it affects us all. 

Limiting global warming to 1.5°C rather than 2°C has clear benefits. These multiple benefits may seem distanced from our everyday lives (e.g. biodiversity), but are more real to us when they relate to food security and human safety. 

It is still possible to limit global warming to 1.5°C by halving our CO² emissions by 2030 and reaching net zero emissions by 2050:
- This will require major changes on the supply side, in energy systems, land management, urban systems and industrial systems. Such changes will not be possible without an evolution of the financial system.
- It will also require changes on the demand side, in energy and food demand for example. This clearly relates to all of us. 

A major innovation of this report is that scientists and social scientists worked together for the first time. The report underlines the need for an ethical and just transition, and for a mix of mitigation and adaptation measures to limit the harmful impacts: it would not be appropriate, for instance, if adaptation involved developing greenhouse gas-emitting air conditioners that were to contribute further to global warming...   

The conditions necessary to constrain global warming to 1.5°C will require cooperation / political will / financing. Overall, we face three major risks:

1 - Climate risk.
2 - The risk of delaying, placing the burden on future generations and relying on the development of carbon capture technologies.
3 - Financial risk, as the sustainability of a number of sectors relies on the implementation of a planned, rapid and voluntary transition.

In short, every half degree counts. Each year counts. All of our individual and collective choices count. And whatever happens, the finance sector will have an important role to play.

 

Download Strategy & Sustainability

La Française Group provides access to the expertise of a number of asset management companies around the world. To provide you with the most relevant information, we have developed an interface to present the full range of products available for your investor profile and country of residence.
Present yourself
1
Country
2
Language
3
Profile
Your country of residence
Your language
Your profile
<p class="new-disclaimer__legal-notice">Before consulting this website, for your protection and in your interest, please read the “<a href="en/legal-notice/" target="_blank">disclaimer</a>” and “<a href="en/regulatory-information/" target="_blank">current regulations</a>” carefully. This information explains certain legal and regulatory restrictions which apply to individual and professional investors according to local law. By accessing this site, in my non-professional or professional capacity, I acknowledge that I have read and accept the terms and conditions of use. Pursuant to the application of the European Markets in Financial Instruments Directive (“MiFID”), please state to which category of investor you belong&nbsp;:</p>
<p class="new-disclaimer__legal-notice">Before consulting this website, for your protection and in your interest, please read the “<a href="en/legal-notice/" target="_blank">disclaimer</a>” and “<a href="en/regulatory-information/" target="_blank">current regulations</a>” carefully. This information explains certain legal and regulatory restrictions which apply to individual and professional investors according to local law. By accessing this site, in my non-professional or professional capacity, I acknowledge that I have read and accept the terms and conditions of use. Pursuant to the application of the European Markets in Financial Instruments Directive (“MiFID”), please state to which category of investor you belong&nbsp;:</p>
By continuing browsing on this website, you accept the use of cookies and other tracing devices s as to allow you to receive information suited to your profile, facilitate information sharing on social networks, guarantee the best browsing experience possible and to create statistics. To find out more, we invite you to consult our Privacy and Cookies policy. Find out more.