“Legislative bodies must adopt more agile and adaptive frameworks…to address climate challenges more effectively”

Illuminem.com

August 21, 2024

My conversation with Dr Claudia Dias Soares:

https://www.linkedin.com/feed/update/urn:li:activity:7231845247733878784/

“Financial institutions’ balance sheets are heavily reliant on #ecosystemservices – such as pollination, water purification, and climate regulation – provided by a diverse and functioning natural world. And financial supervisors in the European Union (EU) are recognising this fact” – is a truly refreshing insight from her.

Claudia helps me connect some critical dots for legislative bodies to adopt more agile and adaptive frameworks. She also flags an urgent need for more proactive climate actions via expedited processes. Talking about the growing movement for climate accountability and the need for robust sanctions, she explains: “Such sanctions are not only crucial for compensating affected communities and mitigating further harm but also for deterring future misconduct”.

She is mindful: “Legislative frameworks often provide governments with substantial powers to address climate change, but the effectiveness of these powers can vary significantly… Additionally, capacity building and financial mechanisms are crucial to ensure that governments can act decisively and effectively. These resources are not always available…or made available!”

That the forthcoming advisory opinion from the International Court of Justice (ICJ) on the Obligations of States in respect of Climate Change is poised to play a pivotal role in defending the interests of future generations – is something to really cheer about. And there is a lot more.

Thanks for instilling a sense of optimism, Claudia.