Default and Climate and Clean Air Coalition: Difference between pages

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(Correct typo "in full".)
 
(Create page - source - Charitarth Sindhu, Environmental Sustainability & ESG Consultant.)
 
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1.  ''Borrowing and lending.''
''Environmental risk management - Conference of the Parties.''


Failure by a borrower to pay an instalment of interest or principal in full and on time.
(CCAC).


'''Author: [https://www.linkedin.com/in/chadofficial/ Charitarth Sindhu]'''', Environmental Sustainability & ESG Consultant.


2. ''Contract.''
The Climate and Clean Air Coalition stands as a global initiative combating climate change, formed voluntarily in 2012 by nations such as the United States, Canada, Mexico, Sweden, Ghana, and Bangladesh, in partnership with the United Nations Environment Programme (UNEP). Presently, it comprises more than 160 government and non-state members, united in their mission to combat short-lived climate pollutants, often referred to as '''super pollutants or forcers'''.


More broadly, failure to honour the terms of any agreement.
Non-CO2 super pollutants, including methane, black carbon, and Hydrofluorocarbons (HFCs), possess a brief lifespan in nature. Although their annual emissions are significantly lower than CO2, they contribute to 40% of the greenhouse effect, resulting in global warming. Due to their substantial impact and short lifespan, reducing the emissions of super pollutants holds the potential to swiftly mitigate global warming.


For example, failure to honour the terms of a loan agreement, or an obligation under a futures contract.
The CCAC actively works to reduce these potent, short-lived pollutants through immediate actions, aligning with the objectives of the Paris Agreement. Furthermore, it aims to support global economic development, health objectives, and food security goals through the following strategies:


'''Collaboration with major short-lived climate polluters''' and other stakeholders from around the globe to support, empower, and catalyse emission reduction action.


3. ''Borrowing and lending - documentation.''
'''Enhancement of technological and administrative capabilities''' to facilitate the exchange of information, experiences, and skills, fostering climate change mitigation actions.


In borrowing and lending, default clauses are the part of the documentation that protect the investor (lender).
'''Advocacy''' for the inclusion of short-lived climate pollutants in policy discussions at all levels of government, businesses, and civil societies.


Accordingly broadly defined default clauses are incorporated into loan agreements and bond indentures.
'''Mobilization of financial resources''' to facilitate the effective implementation of transformative and replicable actions.


'''Advancement of scientific understanding''' to assist decision-makers in scaling up actions and highlighting the numerous benefits of addressing short-lived climate pollutants.


Examples of default by a borrower include failure to pay interest or principal on time, and breaching a covenant.
The CCAC's initiatives have yielded notable successes, such as '''the reduction of hydrofluorocarbons (HFCs)''' used in refrigeration and air conditioning. The global warming potential from releasing a single 30-pound HFC tank is equivalent to the CO2 emitted by driving over 14 additional cars annually. The coalition played a crucial role in the Kigali Amendment to the Montreal Protocol, aiming to decrease HFC production and consumption by 80% before 2046.


Broad definitions of default in this context are designed to act as early warning indicators of a decline or potential decline in borrowers' credit strength for the benefit of lenders, to give more time to react to reduce or avoid credit losses.
Additionally, the CCAC serves as the secretariat for the '''Global Methane Pledge''', launched at COP26 in 2021. With member governments representing over 50% of global human-caused methane emissions, these members commit to voluntary national actions, aiming to reduce collective methane emissions by 30% below 2020 levels before 2030. To support this ambitious pledge, the CCAC introduced the Methane Roadmap Action Programme (M-RAP), facilitating coordinated and accelerated progress in identifying and developing relevant methane-targeted measures and supporting policies.


Definitions of default are often a negotiating point between prospective lenders and borrowers.
The CCAC stands as a testament to the effectiveness of international collaboration in addressing the intricate challenges posed by climate change. By emphasizing practical and immediate solutions, the coalition significantly contributes to the broader efforts to combat climate change, serving as a model for effective and inclusive climate action.




4. ''Systems design - behavioural economics - decision making''.
== See also ==
* [[Biodiversity]]
* [[Carbon credits]]
* [[Carbon dioxide]]
* [[CBD COP 15]]
* [[Climate and Clean Air Coalition]]  (CCAC)
* [[Climate change]]
* [[Climate change: testing the resilience of corporates’ creditworthiness to natural catastrophes]]
* [[Climate change adaptation]]
* [[Climate change mitigation]]
* [[Climate finance]]
* [[Climate risk]]
* [[Conference of the Parties]]
* [[Conference of the Parties - historical milestones]]
* [[Convention on Biological Diversity]]
* [[COP27]]
* [[COP28]]
* [[COP29]]
* [[Developing country]]
* [[Ecosystem services]]
* [[Emissions]]
* [[Fossil fuel]]
* [[Fund]]
* [[Global Cooling Pledge]]
* [[Green Climate Fund]]
* [[Greenhouse gas]]
* [[G7]]
* [[Hydrocarbons]]
* [[Kyoto Protocol]]
* [[Loss and damage]] 
* [[Methane]]
* [[Nationally determined contribution]]  (NDC)
* [[Net zero]]
* [[New Collective Quantified Goal]]  (NCQG)
* [[Paris Agreement]]
* [[Ratification]]
* [[REDD+]]
* [[Risk management]]
* [[Super pollutants]]
* [[Transition]]
* [[Transparency]]
* [[Treaty]]
* [[United Nations Conference on Trade and Development]]  (UNCTAD)
* [[United Nations Framework Convention on Climate Change]]  (UNFCCC)
* [[Voluntary carbon markets]]  (VCM)
* [[V20]] 
* [[World Bank]] 


'By default', or a 'default position', means a choice or determination that is made, when no other positive decision or initiative has been taken.


==External Links==
*[https://www.americanprogress.org/article/super-pollutants-101/ Super Pollutants 101]
*[https://www.unep.org/explore-topics/climate-action/climate-and-clean-air-coalition-ccac/ UNEP’s CCAC Page]
*[https://www.ccacoalition.org/sites/default/files/resources/M-RAP%20Roadmap%20Template%20Guidance%20-%20Working%20Final.pdf/ M-RAP Roadmap]


:<span style="color:#4B0082">'''''Taxation in Qatar'''''</span>
[[Category:Accounting,_tax_and_regulation]]
 
[[Category:Identify_and_assess_risks]]
:"There are two separate tax regimes in operation in Qatar and an entity is under the remit of only one regime.
[[Category:Risk_frameworks]]
 
[[Category:The_business_context]]
:By default an entity is under the State of Qatar regime.
 
:Alternatively, an entity is under the remit of the Qatar Financial Centre (QFC) regime if the entity is licensed with the QFC."
 
:''Qatar - the Treasurer's Wiki''
 
 
Another example of a default position is the cognitive ''status quo bias'' to favour pre-existing conditions or choices, whatever they are.
 
 
== See also ==
* [[Acceleration]]
* [[Bond]]
* [[Bond indenture]]
* [[Breach of covenant]]
* [[Covenant]]
* [[Credit default swap]]
* [[Credit event]]
* [[Cross default]]
* [[Debt distress]]
* [[Default bias]]
* [[Defaulting lender]]
* [[Default fund]]
* [[Deletion]]
* [[Early warning indicator]]
* [[Entity]]
* [[Event of default]]
* [[Exposure At Default]]
* [[Finance party default]]
* [[Financial covenant]]
* [[Forbearance]]
* [[Forward contract]]
* [[Futures contract]]
* [[Grace period]]
* [[In default]]
* [[Interest]]
* [[Lehman provisions]]
* [[Loss Given Default]]
* [[Loan agreement]]
* [[Materiality]]
* [[Non-performing loan]]
* [[Principal]]
* [[Qatar]]
* [[Qatar Financial Centre]]
* [[Regime]]
* [[Risk]]
* [[Speculation]]
* [[Variation margin]]
* [[Waiver]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:Identify_and_assess_risks]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_reporting]]
[[Category:Risk_frameworks]]
[[Category:Risk_frameworks]]
[[Category:The_business_context]]
[[Category:The_business_context]]

Revision as of 16:56, 28 January 2024

Environmental risk management - Conference of the Parties.

(CCAC).

Author: Charitarth Sindhu', Environmental Sustainability & ESG Consultant.

The Climate and Clean Air Coalition stands as a global initiative combating climate change, formed voluntarily in 2012 by nations such as the United States, Canada, Mexico, Sweden, Ghana, and Bangladesh, in partnership with the United Nations Environment Programme (UNEP). Presently, it comprises more than 160 government and non-state members, united in their mission to combat short-lived climate pollutants, often referred to as super pollutants or forcers.

Non-CO2 super pollutants, including methane, black carbon, and Hydrofluorocarbons (HFCs), possess a brief lifespan in nature. Although their annual emissions are significantly lower than CO2, they contribute to 40% of the greenhouse effect, resulting in global warming. Due to their substantial impact and short lifespan, reducing the emissions of super pollutants holds the potential to swiftly mitigate global warming.

The CCAC actively works to reduce these potent, short-lived pollutants through immediate actions, aligning with the objectives of the Paris Agreement. Furthermore, it aims to support global economic development, health objectives, and food security goals through the following strategies:

Collaboration with major short-lived climate polluters and other stakeholders from around the globe to support, empower, and catalyse emission reduction action.

Enhancement of technological and administrative capabilities to facilitate the exchange of information, experiences, and skills, fostering climate change mitigation actions.

Advocacy for the inclusion of short-lived climate pollutants in policy discussions at all levels of government, businesses, and civil societies.

Mobilization of financial resources to facilitate the effective implementation of transformative and replicable actions.

Advancement of scientific understanding to assist decision-makers in scaling up actions and highlighting the numerous benefits of addressing short-lived climate pollutants.

The CCAC's initiatives have yielded notable successes, such as the reduction of hydrofluorocarbons (HFCs) used in refrigeration and air conditioning. The global warming potential from releasing a single 30-pound HFC tank is equivalent to the CO2 emitted by driving over 14 additional cars annually. The coalition played a crucial role in the Kigali Amendment to the Montreal Protocol, aiming to decrease HFC production and consumption by 80% before 2046.

Additionally, the CCAC serves as the secretariat for the Global Methane Pledge, launched at COP26 in 2021. With member governments representing over 50% of global human-caused methane emissions, these members commit to voluntary national actions, aiming to reduce collective methane emissions by 30% below 2020 levels before 2030. To support this ambitious pledge, the CCAC introduced the Methane Roadmap Action Programme (M-RAP), facilitating coordinated and accelerated progress in identifying and developing relevant methane-targeted measures and supporting policies.

The CCAC stands as a testament to the effectiveness of international collaboration in addressing the intricate challenges posed by climate change. By emphasizing practical and immediate solutions, the coalition significantly contributes to the broader efforts to combat climate change, serving as a model for effective and inclusive climate action.


See also


External Links

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