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COP27 Day 4 - Science Day


Photo credit: UNFCCC 2022


The importance of science and research and the role of the youth in tackling the climate crisis dominated the events on November 10th. The day involved numerous discussions that highlighted the role of science, data and research in establishing solutions for the world to adapt to climate change. The key message was once again collaboration, with no one or no country left behind.


Many new research papers and reports were launched throughout the day. One which will be of particular interest to our readers is “10 New Insights in Climate Science 2022”, a joint paper from the World Climate Research Programme, Future Earth and Earth League. Sixty-five researchers from 23 countries contributed to the report which synthesises all the latest climate science related research. The report is used for many policy recommendations so it is worth reviewing to predict future requirements and impacts on our respective organisations.


One key takeaway from the report is that as many as 1.6 billion people live in ‘vulnerability hotspots’ (places were the effects of climate change are already being seen). That’s one third of the global population. This number was also projected to double by 2050. The report also provides warnings around the impacts of climate change on health for humans, animals and entire ecosystems (including the higher risk of infectious disease) and on human mobility – leading to more displacement from countries, migration and increasing the risk of conflict globally. The report also provides unequivocal scientific evidence that we must change systems to decarbonise the world economy.


Of particular interest to the real estate sector is the research around sustainable land use (on page 26 of the report) in which researchers call for a ‘radical shift in land use to achieve net-zero carbon emissions by 2050’. Some of this research may end up shaping future planning and land use policy and decisions with decision makers having to recognise and account for the abundance of trade-offs involved in pursuing a single goal related to land use (e.g. nature conservation or planting more trees), as they could severely impact other functions of land to people. Agricultural land use and deforestation is a particular focus for this insight.


The full report can be found here


Away from Science Day, negotiations continued behind closed doors. Once again they revolved around loss and damage and climate finance, including long-term finance options. Some Nations made pledges. For example, Israel, Lebanon and Iraq have teamed up to reduce emissions, and Norway has announced that it is shutting down plans for a large oilfield.


 

ABOUT DJB:


DJB is a national law firm that specialises entirely in real estate. The firm has offices in London, Manchester and Birmingham ensuring truly national coverage. The firm is renowned for its high quality legal work and service.


We only recruit experienced lawyers with excellent calibre. As a result, our legal team of around 50 lawyers have an average post-qualification experience that exceeds 20 years. Most have joined us from other City firms, in-house departments and/or senior roles. Our lawyers have advised some of the UK’s most significant land owners including Barclays Bank, HSBC, Credit Suisse, Rolls Royce, The Royal Parks, The Cabinet Office and The Crown Estate. This focus on quality only has led to a 50% male and female Partner rate.


All of our clients are provided with a dedicated client care professional at no extra charge, which ensures that they receive the highest standard of service at all times.


DJB is regularly selected to advise on high profile projects such as the hosting of the London 2012 Olympic Games by The Royal Parks and the first Sukuk Bond to be entered into by a Western Government on behalf of HM Treasury. Based in London at The Shard and also Manchester and Birmingham, DJB has a national presence.


The firm enjoys top tier rankings in all of the main directories, as well as receiving many awards.



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