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War's Impact on Climate Change: The Unseen Enemy - | 15Rock

War has more impact than just loss of life, it creates a shift in resource allocation that is impacting climate change

We are in the midst of a period of great upheaval. It can be difficult to look beyond the headlines in the wake of the invasion of Ukraine and the growing uncertainty in Europe. However, we must keep in mind that there are important developments occurring beneath the surface of the news that will have far-reaching implications for our planet's future. The impact of war on climate change is one such development. This blog post will look at how conflict is contributing to climate change, as well as what this means for investors and business leaders.

One of the most pressing issues we face today is the climate crisis. War's impact on our climate is frequently overlooked, but it is a major contributor to the problem. Business leaders and investors must be aware of the threats that climate change poses to their industries and take steps to safeguard our planet's long-term health.

Dealing with climate change is difficult when you're constantly in a state of emergency.

As a result of Russia's invasion of Ukraine, countries are increasing military spending.

Military spending used to be very high. The armies of kings and emperors consumed more than half of their budgets. But, fortunately, we have had a lot of peace in recent years. As a result, military spending has decreased, with an average of 3% or less per European country. This is a good thing, and as peace becomes more common, military spending should continue to decline.

A large number of countries in the region are concerned. Germany recently announced that it would increase its military spending. It's not implausible to believe that other nations will follow suit. If all countries increase their military budgets to 6% or more, a dangerous trend could emerge in which each country strives to have a stronger army than its neighbours. It could start with a single threat.

Given the circumstances, it's understandable, but this could result in a spiralling military spending cycle.

Changes in spending have an impact on climate progress.

I'm afraid the budget for combating climate change will be cut. The problem is that there are many important issues that need to be addressed, but they aren't as pressing as climate change.

It's not unreasonable to believe that projects aimed at reducing our reliance on oil or assisting companies in making more sustainable transitions could be harmed. This could have a huge impact because climate change is a major long-term challenge that we must continue to address or face worsening conditions in the future.

It will stymie our efforts to mitigate the effects of climate change.

The more the temperature rises, the more difficult it is to control climate change.

We have not yet slowed the rate of global warming; we must act now to ensure that humanitarian crises are dealt with in a way that ensures people's safety in the short and long term.

Climate change is already having destabilising effects all over the world, and we must act now to prevent further damage.

Climate change will have a negative impact on resources and a geopolitical impact, resulting in more wars.

Food, water, and energy are some of the resources that will be impacted by climate change. These changes are expected to cause wars because some countries will face shortages while others will not.

Climate change has already had a significant impact on the world. Droughts, for example, have resulted in food shortages in countries such as Syria. This has exacerbated the civil war in Syria.

Rising sea levels are causing flooding and displacing people in other parts of the world. Extreme weather events such as hurricanes are becoming more common as a result of climate change, causing infrastructure damage and increasing geopolitical instability.

Our current global progress has been largely based on stability, but climate-related impacts can have a cascading effect, resulting in instability and conflict.

As more people are exposed as a result of climate change, suffering will occur.

Climate change is already having a negative impact on people. Floods, droughts, and other extreme weather events are likely to occur with greater frequency and intensity in the coming years, owing to the fact that our planet is heating up at an alarming rate, triggered by human activity that has released carbon dioxide into the atmosphere since the industrial revolution began over 200 years ago.

This poses a serious threat not only to individuals, but also to entire communities around the world that rely heavily on agriculture-based economies for survival; we must act quickly before it's too late!

Climate change, we believe, should be considered a national security threat by all governments.

We'll reach a point where mitigation is no longer an option, and we'll have to rely more and more on adaptation.

Climate change is already having an impact on our lives. We will reach a point where mitigation is no longer possible if we continue to pump greenhouse gases into our atmosphere. We have no choice but to adapt, which means that we must adapt rather than try to stop this process.

Let us take immediate action by reducing global emissions through "mitigation." In the coming decades, there may be less damage because technological advancements may give us enough time to make changes before they become irreversible.

The world will be even more depressed as a result of our ability to act now.

People will become increasingly depressed as climate change worsens because they are unsure what can be done. It's expected that this will have a negative impact on mental health because there isn't much hope left when things appear hopeless.

The more difficult the situation becomes, people naturally become more hopeless. We've reached a point where solving it isn't impossible.

The situation appears to be dire! However, I'd like to add that, while our planet may have reached its limits in terms of natural resources, we humans haven't run out of creativity yet (or inspiration).

What we must do is:

Maintain an open line of communication with politicians.

Every election should make climate change a major issue. We need to inform people about what they can do to assist and support businesses that are working hard to reduce or eliminate carbon emissions from their operations, products, and so on.

When we speak with government officials in various countries, we find that they are very concerned, but that they need more community support to push the issues forward, where opposition is not buried, but rather targeted by public outrage.

Governors must continue to set policy and allocate resources as needed.

Businesses must continue to be at the forefront of climate change progress.

The majority of emissions come from large corporations with which we interact on a daily basis (scope 1, 2 and 3). Companies are developing transition plans (which they frequently share on 15Rock's platform), but they require additional assistance.

Open up dialogue about all of your interactions with the company. Ensure that everyone from the front lines to the CEO understands the same message: your money should be used to make the world a better place as well.

We want businesses to be more open about their implementation plans and to set higher goals for themselves.

Investors must keep putting pressure on companies and governments to provide more transition assistance.

Investors are influencing global policy by taking the initiative. They understand that now, more than ever before in history, is not the time to wait, but to act! The world needs their voice to be heard loud and clear so that investments can be made accordingly—or else investors will be caught off guard by an aggressive change that comes without warning.

Asset owners of all sizes are debating whether their internal or external investment teams are doing enough to mitigate global warming.

Climate change is slowing as a result of the new standard for impact investing, and major asset owners want this measurement now more than ever.

Companies, investors, and the government must all be held accountable by consumers.

Finally, consumers must continue to demand change from the businesses they buy from, as well as the investors who own them and the government officials who represent them. In the face of climate change, we all have a role to play. Consumers are voting with their dollars, favouring businesses and products that are environmentally friendly and sustainable.

Climate change must be made an election issue because policymakers will not act unless there is public pressure.

Finally, we must work together to achieve our goals. This is a difficult task, and it's easy to feel hopeless, but we can make a difference if we work together. Climate change is our generation's challenge, and it is up to us to meet it.

Final Thoughts

We must not allow the war to obstruct climate progress. We must keep fighting for peace and the environment. Thank you for taking the time to read this. I hope that this article has shed some light on the unseen effects of war on climate change.

Please share your thoughts and questions in the comments section below, or visit 15Rock.com for a free tool to track impact transition KPIs for companies and investors.

I'd be delighted to hear from you. Until next time, take care!

Gautam Bakshi

Head of Product & Engineering

Former: MD - Private Markets, Wealth & Asset Management, Manulife. Education: Ryerson University, Seneca College

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