- Human development can negatively impact the natural environment as advances in science and technologies cause environmental harm. However, sustainable development attempts to reduce the development impact created on the environment and promotes ways in which society can adapt to the issue that climate change presents.
- There is a significant connection between climate change and sustainable development. Firstly, they are both factors that impact society and the environment. Climate change is presently a major, global issue that impacts the environment and society in several ways, and sustainable development aims to reduce the impacts of climate change that affect the environment and society.
- The latest climate science is clear: Limiting global warming to 1.5 degrees C (2.7 degrees F) is still possible. But to avoid the worst climate impacts, global greenhouse gas (GHG) emissions will need to drop by nearly half by 2030 and ultimately reach net zero.
- Recognizing this urgency, a rapidly growing number of national governments, local governments and business leaders are making commitments to reach net-zero emissions within their jurisdictions or businesses. To date, over 90 countries have communicated such “net-zero targets,” including the world’s largest emitters (China, the United States and India). On top of that, hundreds more regions, cities and companies have set targets of their own.
- To achieve net-zero emissions, rapid transformation will be required across all global systems — from how we power our economies, to how we transport people and goods and feed a growing population.
- At the recently held Think 20 Mid Year Conference in Mumbai on 12-13 May 2023 , SFO joined hands with ADB for Net Zero Initiatives . SFO -Net Zero Global Fund ™ was also announced as part of our formal partnership with UNFCCC’s Race to Zero Campaign . A host of other initiatives are also under discussions. Driven by increased client demand for climate aware solutions, the SFO Net Zero Global Fund ™ is an active strategy that aims to deliver long-term returns, net zero carbon emissions and improved ESG outcomes.
SFO - Net Zero Global Fund ™ - Goals
- Reaching the globally agreed climate goals requires speed – notably a 50% reduction in emissions by 2030.
- Achieving net-zero emissions by 2050 will require tackling both energy-related and non-energy-related GHG emissions.
- Funding current national / country plans which are inadequate due to lack of funds.
Action Plan
- Climate change is a global crisis that requires a global response. Without a successful green transition everywhere, climate risk is unmanageable anywhere.
- Earth is running out of resources needed for manufacturing materials such as chemicals, minerals, and petroleum. Thus, these components are available only at increasing economic and environmental costs.
- As an important contribution to a sustainable future, policies which ensure sustainable development need to be adopted. Within manufacturing, chemistry and its products must be adapted to a circular economy (CE)—a system aimed at eliminating waste, circulating and recycling products, and saving resources and the environment.
- For a circular economy to happen, chemistry at granular levels has to be rethought which can be achieved through the transition to a circular economy (CE) on the micro-level with molecular / atomic / nanotechnology solutions and will be a key component in closing the overall consumption loop.
- For green chemistry to happen, the physics of Net Zero has to be understood.
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Learning how to capture and store carbon dioxide is one way scientists want to defer the effects of warming in the atmosphere. This practice is now viewed by the scientific community as an essential part of solving climate change.
The Fund aims to identify long-term financial alpha across a broadly diversified global credit universe while targeting net zero emissions by 2050, as well as to provide improved portfolio temperature alignment through decarbonisation objectives and enhanced long-term outcomes through meaningful engagement with the companies in the portfolio.
We shall fund Net Zero focussed initiatives worldwide to help nations / companies meet the transition targets.
We are looking for partners to source projects ( national / company ) that need funds.
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