ESG & Climate Change: Geospatial for Climate: Accelerating the Transition to a Sustainable Green Economy

Overview

Evidence of anthropogenic climate change is all around us. Various international treaties also clarify that climate change is on the agenda. Despite that, the lack of swift and concrete action to transition to a green economy has led to a continued increase in temperature, loss of biodiversity, and environmental degradation. Climate risks have also heightened poverty and inequalities. An estimated 120 million people have been pushed into extreme poverty in the last three years, and we are still far from achieving our United Nations sustainable development goals (SDGs) by 2030.

The transition to a net zero world presents an opportunity to unlock a new era of sustainable global economic growth. However, this will require long-term investment, new economic models, public and private investments & partnerships, skills, and, most importantly, technology.

Geospatial technology and information play a vital role in addressing climate change by enabling reliable geodata analysis for monitoring, mitigating, and adapting to climate change. It helps understand and map the vulnerability patterns in planning climate adaptation strategies. However, the full potential of geospatial is yet to be realized to better addresses development needs and vulnerabilities and achieve inclusive economic growth.