Cyclists arrive to take part in the Extinction Rebellion protest at the Tate Modern in London, Britain April 27, 2019. REUTERS/Henry Nicholls
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In 2015, the international community launched a renewed effort to tackle collective global challenges under the auspices of the United Nations Sustainable Development Agenda and the Framework Convention on Climate Change (COP21).Around the world, many seem to have developed an allergy to increasingly stark warnings from the U.N. and other bodies about accelerating species extinctions, ecosystem collapse and global warming.In recent months, the Intergovernmental Panel on Climate Change has marshaled overwhelming evidence to show that the effects of global warming in excess of 1.5 C above preindustrial levels will be devastating for billions of people around the world.Human activities, the report concludes, have put an unprecedented 1 million species at risk of extinction.For decades, most of the major economies have relied on a form of capitalism that delivered considerable benefits. A capitalist system that is disconnected from most people and unmoored from the territories in which it operates is no longer acceptable.
Financing the global green transition
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