Carbon Capture and Utilization's potential to decarbonize
industries, protecting workers from the impacts of climate change and
how Delhi is tackling this issue with insurance – these are the stories
covered in this issue of the World Economic Forum’s 3 Climate Trends
newsletter, your guide to climate, nature and sustainability in an
ever-changing world.
This week the World Economic Forum’s Sustainable Development Impact Meetings took
place in New York between 22–26 September. Leaders around the world
convened in person for a series of carefully curated impact-driven
dialogues.
In case you missed them, here are some key sessions you can watch on-demand:
1. Carbon Capture and Utilization (#CCU) can aid #decarbonization efforts
Carbon Capture and Utilization (CCU) could open up new markets,
enhance industrial resilience and provide climate benefits – if given
strong public sector support, clear demand signals and innovative
finance models, says a new report from the World Economic Forum and Wood Mackenzie.
CCU involves a variety of methods for capturing carbon dioxide and
using it either directly, without chemical alteration, or indirectly,
through transformation into different products such as sustainable fuels
or construction materials.
The pipeline of investments in CCU is very low, due to systemic
market barriers currently facing the sector. The US dominates investment
overall, but other nations are closing the gap, as the graph below
shows.
Learn more about the potential of CCU to decarbonize industry in this report.
2. Protecting #workers and economies from the impacts of #climate change
As climate change reshapes our world, it creates an urgent opportunity to build healthier, more resilient societies.
Strengthening resilience can protect the global economy from
projected losses of over $1.5 trillion between 2025 and 2050 due to
reduced worker availability, a new report from the World Economic Forum and Boston Consulting Group (BCG) has found.
The report proposes steps that companies can take to shore up the health of their staff:
- 🌡️ Climate-responsive health plans: Employee benefits should cover plans for relevant climate conditions, such as heat risk.
- ⚠️ Use risk monitoring and early-warning systems: Analyzing data from disease outbreaks to workforce health can help businesses to avoid crises escalating.
- 🧑🏫 Educate workers and communities: Organizations can build climate-health literacy through training, workshops and clear guidance.
Explore the other steps in this video, or read a quick summary of the report’s key findings here.
3. In #Delhi, climate change is causing informal workers to lose #work
Millions of informal workers in Delhi are forced to down tools when the city’s heat or fumes swell to unbearable levels.
These employees have no sick pay or formalized contracts, meaning that they're forced to then go without wages.
A new insurance pilot by Go Digit General Insurance and K M Dastur Reinsurance Brokers Pvt. Ltd. is paying out whenever temperatures or pollution reach unsafe levels - and insured workers are already seeing the benefits.
Watch the full video by clicking on the image below to learn more.
Share your thoughts and experiences in the comments below. For
more detailed analysis, follow the World Economic Forum. See you in the
next issue for more updates on #nature, #climate and #sustainability.
