Climate change in the SOTR

Christopher Findlay, Tilak Doshi, and Eduardo Pedrosa 

In this commentary, we report and summarise some key results from the PECC SOTR report with respect to climate change, and we link those results to some of the outcomes in Glasgow from COP26. The latter is not a comprehensive coverage but rather those items highlighted in the SOTR.

The surveys of opinion leaders in the APEC region attached to the SOTR often pick up significant swings in opinion.

This year, one of the big shocks related to climate change.

The perception of climate change as a risk to growth has shot up in 2021, by 20 points (43 percent of respondents said climate change was a serious risk to growth, compared to 24% last year), almost doubling, and after being steady for the previous reports.

There are no greater instances of a shift of this magnitude in the history of the SOTR.

The views of the PECC respondents certainly align with the tenor of reporting of event and the text of the Pact from Glasgow. The latter refers to the urgency of enhancing ambition with respect to a response to rising global temperatures.

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