HSBC's Global research urges goverments to enact a new climate deal
Tuesday, 10 November 2009
FE Report
A 12 country study, commissioned by the HSBC Climate Partnership sent a clear message to governments preparing to attend the UN climate change summit in December to agree on a policy framework to tackle climate change.
The HSBC sent the messages to the governments of Australia, Canada, France, Germany, UK, USA, Brazil, China, Hong Kong, India, Malaysia and Mexico.
Nearly two thirds (65 per cent) of people surveyed across the globe believe a new international deal to cut emissions is 'very important', according to the annual Climate Confidence Monitor.
The Climate Confidence Monitor, now in its third year, reveals a global consensus on emission reduction targets. 79 per cent want to see a commitment to 'meet or significantly exceed' a 50-80 per cent cut in emissions by 2050. This demand for commitment to reduction targets is highest in Mexico (91 per cent), Brazil (90 per cent), Hong Kong (84 per cent), and China (82 per cent) and lowest in India (75 per cent), the UK (71 per cent) and the US (66 per cent).
The Climate Confidence Monitor shows that there is a stronger desire for action in emerging economies than in the developed world. In Brazil, 86 per cent and in China 75 per cent believe it is very important that a deal in Copenhagen is reached. Globally only two per cent of people feel a new climate deal isn't important at all.
In a year of pandemic flu and economic meltdown, a third of all respondents (34 per cent) believe climate change is one of the biggest issues they worry about today. They were asked to rank climate change as an issue compared to global economic stability, terrorism, violence, pandemic disease, global poverty, natural disasters and social breakdown. In Mexico, 22 per cent of respondents ranked climate change as the number one issue.
The HSBC Climate Partnership is a five-year partnership between HSBC, The Climate Group, Earthwatch, Smithsonian Tropical Research Institute and WWF. The partnership aims to combat the urgent threat of climate change by inspiring individuals, businesses and governments worldwide to tackle its impacts on people, forests, water and cities.
A 12 country study, commissioned by the HSBC Climate Partnership sent a clear message to governments preparing to attend the UN climate change summit in December to agree on a policy framework to tackle climate change.
The HSBC sent the messages to the governments of Australia, Canada, France, Germany, UK, USA, Brazil, China, Hong Kong, India, Malaysia and Mexico.
Nearly two thirds (65 per cent) of people surveyed across the globe believe a new international deal to cut emissions is 'very important', according to the annual Climate Confidence Monitor.
The Climate Confidence Monitor, now in its third year, reveals a global consensus on emission reduction targets. 79 per cent want to see a commitment to 'meet or significantly exceed' a 50-80 per cent cut in emissions by 2050. This demand for commitment to reduction targets is highest in Mexico (91 per cent), Brazil (90 per cent), Hong Kong (84 per cent), and China (82 per cent) and lowest in India (75 per cent), the UK (71 per cent) and the US (66 per cent).
The Climate Confidence Monitor shows that there is a stronger desire for action in emerging economies than in the developed world. In Brazil, 86 per cent and in China 75 per cent believe it is very important that a deal in Copenhagen is reached. Globally only two per cent of people feel a new climate deal isn't important at all.
In a year of pandemic flu and economic meltdown, a third of all respondents (34 per cent) believe climate change is one of the biggest issues they worry about today. They were asked to rank climate change as an issue compared to global economic stability, terrorism, violence, pandemic disease, global poverty, natural disasters and social breakdown. In Mexico, 22 per cent of respondents ranked climate change as the number one issue.
The HSBC Climate Partnership is a five-year partnership between HSBC, The Climate Group, Earthwatch, Smithsonian Tropical Research Institute and WWF. The partnership aims to combat the urgent threat of climate change by inspiring individuals, businesses and governments worldwide to tackle its impacts on people, forests, water and cities.