The ESG Climate Change Evolution of Commercial Real Estate Finance: Turning Over New (Green) Leaves | Dechert LLP

The Intergovernmental Panel on Climate Change’s Sixth Assessment report, released most recently in spring 2022, sounded the alarm on the current state of the Earth’s climate. Today, with just 1.1 degrees Celsius in warming, every region in the world is facing climate impacts on a scale not previously anticipated. These impacts include more severe and longer-lasting droughts, extreme heat, record flooding, more powerful hurricanes, larger and more frequent wildfires and increased sea-level rise. The Sixth Assessment also found that to avoid the worst effects of climate change, total greenhouse gas emissions must fall by 43% from 2019 levels before 2030.

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