State of the Climate: Looking back at 2023 and ahead to 2024

From climate-fueled disasters to the just-completed COP28, climate change  has been much in the news this past year. At the same time, Project Drawdown has doubled down on our efforts to accelerate adoption of proven climate solutions.

In this latest in our series of monthly Ignite webinars, Project Drawdown executive director Jonathan Foley reflects on climate solutions action over the past year and shares exciting plans for 2024. 

New report: How personal banking impacts the climate

Key Report Takeaways: 

  • For the average person in the U.S., personal banking may constitute a large source of indirect greenhouse gas emissions 
  • Every US$1,000 a person has in savings is roughly equivalent to the direct emissions generated by flying from New York to Seattle every year 
  • Eleven of the largest U.S.-based banks lend around 19.4% on average – and as high as 30% – of their portfolios to carbon-intensive industries 

New report: Reducing black carbon

Key Report Takeaways: 

  • Black carbon is a powerful climate pollutant which stems from the incomplete combustion of fossil fuels and biomass
  • Black carbon has unparalleled impacts on human well-being, the environment, and climate change  
  • Black carbon has a short-term warming potential up to 1,500 times greater than carbon dioxide and is responsible for millions of premature deaths annually worldwide
  • Black carbon emissions are highest in low- and middle-income countries with half of all emissions coming from just five countries
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