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GLOBALLY, extreme weather associated with global warming are causing catastrophes on a massive scale.
Even Malaysia is not spared, with severe floods occurring in Sabah, Sarawak, and the northern and east coast of Peninsular Malaysia, leading thousands to be evacuated from their homes and sadly, loss of lives.
Around the world, heat waves killed hundreds in the Pacific Northwest in the US and smashed records around the world.
Wildfires fuelled by heat and drought swept away entire towns in the US and Greece, driving Greeks to flee their homes by ferry.
Greenland’s sheet of land ice continues to melt and raise sea levels, as the oceans warm and expand.
Devastating floods hit Germany and Turkey. The UN Intergovernmental Panel on Climate Change (IPCC) recently released its sixth assessment report and the outlook is bleak, if we do not achieve net-zero emissions globally by 2050.
One thing is certain from the report – it is undeniable that human influence is causing climate change, where our activities, especially the burning of fossil fuels, have warmed the Earth’s atmosphere, oceans and land.
Malaysia faces significant climate risks in the long term, with low-lying coastlines becoming increasingly vulnerable to the impacts of rising sea levels.
Extreme weather patterns are also increasingly threatening basic necessities like our water and food security, public health, as well as resources that support our economy including the infrastructure into which we have invested.
In 2015, the global community came together to agree to limit global warming to 1.5C via the Paris Agreement.
To achieve this, all countries must act towards reducing their emissions, and 127 countries have pledged to be carbon neutral by 2050.
Without immediate steep emissions cuts, average temperature increment could pass 2C by the end
of the century.
In light of the dire need to reduce emissions, WWF-Malaysia and the Boston Consulting Group (BCG) have undertaken an independent study on the potential net-zero pathways for Malaysia.
The study aims to showcase an optimal net-zero pathway for the country by 2050 and identify the necessary policy framework and interventions needed to achieve this.
Based on the scope and depth of analysis, we are confident this independent report will provide guidance for corporations to transition away from carbon intensive activities.
To chart a clean and sustainable future for Malaysia requires a whole-of-nation approach.
Increasingly, major corporations are adopting a sustainability angle in their investments and financial reporting. These investments are driven by a progressive sustainability agenda, on which we can and should capitalise.
In addition, many of Malaysia’s key trading partners such as China, Japan, South Korea and the EU have now declared net-zero ambitions, and we will likely see more countries pursuing a similar ambition in the near future.