Notice: Undefined index: featured_video in /var/www/vhosts/insights.nordea.com/httpdocs/www/wp-content/themes/nordea/single.php on line 76
Sasja Beslik from Nordea Group Sustainable Finance has visited Australia to witness the current consequences of climate change.
– We have to find a way to channel capital into solutions and not invest capital into something that is destroying this planet, says Sasja Beslik, Head of Group Sustainable Finance at Nordea.
Watch the eye-opening and disturbing mini-documentary here:
Extreme heat in Australia is wiping us out
Australia is today’s example of how extreme weather caused climate change will impact the rest of the world in the near future. The livelihoods of many Australians are threatened by the extreme weather, and the nature is being destroyed at an alarming pace.
Australia is one of the most vulnerable nations to climate change due to its hot, dry climate and is already gripped by drought.
Australia continues to mine for fossil fuels as nothing is wrong. In fact, Australia is now overtaking Indonesia as the world’s biggest exporter of coal. More than any other country, Australia is leading the world in the destruction of coral reefs – and that includes the Great Barrier Reef.
– To me who has been diving for 50 years on this reef, it looks like a graveyard, says Dr. Charlie Veron, the world’s leading expert on coral reefs, and also referred to as the godfather of coral.
The current energy production is fuelling not only one problem
Australia’s vast production of coal leads to massive CO2 emissions. PhD researcher on Climate & Energy Dylan McConnell gives us a picture of the proportion:
– We have enough brown coal to last 500 years of current energy production, he says.
It is clear that this is causing a tremendous problem for global warming and climate change. Political action is needed to back up a transition from coal mining to sustainable energy solutions. While the effects are visible already and increasing in a fast speed the time horizon for transformation of the energy production is not that clear.
The information provided within this website is intended for background information only. The views and other information provided herein are the current views of Nordea Bank Abp as of the date of publication and are subject to change without notice. The information provided within this website is not an exhaustive description of the described product or the risks related to it, and it should not be relied on as such, nor is it a substitute for the judgement of the recipient.
The information provided within this website is not intended to constitute and does not constitute investment advice nor is the information intended as an offer or solicitation for the purchase or sale of any financial instrument. The information provided within this website has no regard to the specific investment objectives, the financial situation or particular needs of any particular recipient. Relevant and specific professional advice should always be obtained before making any investment or credit decision. It is important to note that past performance is not indicative of future results.
Nordea Bank Abp is not and does not purport to be an adviser as to legal, taxation, accounting or regulatory matters in any jurisdiction.
The information provided within this website may not be reproduced, distributed or published for any purpose without the prior written consent from Nordea Bank Abp.