Page 12 - Policy Economic Report_Jan 25
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POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
? With 2024 confirmed as the hottest year on record, the need for immediate and decisive action
has never been more critical.
Figure 4: Glacier Mass change globally (Annual mass change, gigatons from 1976 to 2023)
Source- United Nations
2025 key initiatives
? A key focus, the panel explained, is raising global awareness about the essential role glaciers,
snow, and ice play in regulating the climate and supporting ecosystems and communities.
? The initiative also aims to enhance scientific understanding through programmes like the Global
Cryosphere Watch, ensuring that data guides effective climate action.
? Strengthening policy frameworks is another priority, with the integration of glacier preservation
into global and national climate strategies, such as the Paris Agreement.
? Mobilising financial resources is another priority – essential to support vulnerable communities
and fund adaptation and mitigation efforts – alongside engaging youth and local communities.
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