Today’s children will experience more climate disasters exponentially
A A study published in the journal Science published a gloomy outlook for children born today and anyone under the age of 40 compared to previous generations. It is a global look that is an immediate call to action as today’s youth face a life of unprecedented climatic hardship.
Children born this year are estimated to experience twice as many forest fires, three times as many droughts, river floods and crop failures, and seven times as many heat waves as their grandparents’ generation. , NBC reported.
“We have found that everyone under the age of 40 today will live an unprecedented life in terms of lifetime exposure to heat waves, droughts and floods,” said Wim Thiery, climatologist at Vrije Universiteit Brussel in Belgium. “This is true even in the most conservative scenarios.”
This is the first such research that tracks extreme events in future climate change scenarios while applying the results to population projections to see how populations would be affected, and it found that children in developing countries would be among the hardest hit. This is an injustice that will exist even in the most conservative and optimistic models.
Based on the current Paris Agreement greenhouse gas emissions targets that more than 190 countries have signed, 172 million children in sub-Saharan Africa would still experience 50 times as many heat waves and six times as many more extreme events in their lifetime, compared to 53 million children in Europe and Central Asia.
In addition, research has only assessed the number of extreme events in isolation and not their duration, severity, or the potential effects of overlapping events. Climate change studies have shown that extreme events such as forest fires, droughts and heat waves are increasingly severe as the planet warms.
In order to avoid the most serious of these scenarios, aggressive emission reductions must be made quickly to reduce warming. The research is reported ahead of the United Nations Climate Change Conference at the end of October.
“It should be a call to action,” Thiery said. “We have it in our hands to avoid the worst of global warming. For all of us alive today, we must fight climate change.”
SPDR proposes to invest with reduced exposure to carbon emissions
Greenhouse gas emissions are a major target as businesses and regulators seek to establish sustainability guidelines and targets to reduce the effects of climate change.
For investors looking to invest in emissions reduction, the SPDR MSCI ACWI Low Carbon Target ETF (LOWC) provides investors with exposure to companies with low carbon emissions and fossil fuel reserves.
The fund replicates the MSCI ACWI Low Carbon index. This index reweighting stocks in the MSCI All-Country World Index (ACWI) to promote lower carbon emissions as well as lower fossil fuel reserves.
The benchmark overweight companies with low carbon emissions relative to sales, as well as companies with potential low carbon emissions, offering lower carbon exposure relative to the overall market.
LOWC’s top five sector allocations include Information Technology at 22.43%, Financials at 15.36%, Consumer Discretionary at 12.23%, Healthcare at 11.63% and Products industrial at 10.34%.
The ETF has an expense ratio of 0.20%.
For more news, information and strategy, visit the ESG channel.
Learn more at ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.