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Xpansiv, a leading provider of market solutions for commodities, recently announced that its Commodities Blockchain Ledger (CBL) VCM platform has...

Commission’s advice echoes ignored warnings from 30 years ago.

The European Commission recently issued a warning that the EU is facing a “climate and environmental emergency.” This advice echoes warnings that were made over 30 years ago, but were largely ignored by governments and businesses alike.

In 1988, the Intergovernmental Panel on Climate Change (IPCC) was established to provide scientific advice on climate change to governments around the world. The IPCC’s first report, published in 1990, warned that human activities were causing global warming and that urgent action was needed to reduce greenhouse gas emissions.

Despite this warning, little action was taken by governments or businesses to address the issue. In fact, emissions continued to rise throughout the 1990s and early 2000s, leading to a rapid increase in global temperatures.

In 2015, the Paris Agreement was signed by 195 countries, committing them to limit global warming to well below 2 degrees Celsius above pre-industrial levels. However, even with this agreement in place, emissions have continued to rise and the world is on track to exceed the 2-degree target.

The European Commission’s recent warning highlights the urgent need for action on climate change. The report states that “the EU must urgently step up its ambition to cut greenhouse gas emissions” and calls for a “rapid and deep transformation of our economies and societies.”

The report also highlights the need for a “just transition” to a low-carbon economy, ensuring that workers and communities are not left behind in the shift away from fossil fuels.

The fact that this warning echoes those made over 30 years ago is a stark reminder of how little progress has been made in addressing climate change. It is clear that urgent action is needed if we are to avoid the worst impacts of global warming.

Governments and businesses must take responsibility for their role in causing climate change and take action to reduce emissions. This includes investing in renewable energy, improving energy efficiency, and transitioning away from fossil fuels.

Individuals can also play a role by making changes in their own lives, such as reducing meat consumption, using public transport, and reducing energy use at home.

In conclusion, the European Commission’s warning should serve as a wake-up call to governments and businesses around the world. We cannot afford to ignore the warnings of scientists and experts any longer. Urgent action is needed to address the climate and environmental emergency we are facing.