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ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Paycom Software, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – PAYC

NEW YORK, Dec. 03, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Paycom Software, Inc. (NYSE: PAYC) between May 3, 2023 and November 1, 2023, both dates inclusive (the "Class Period"), of the important January 9, 2024 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Paycom securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Paycom class action, go to https://rosenlegal.com/submit–form/?case_id=20233 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 9, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Paycom's Beti product led to cannibalization of the Company's services and revenues; (2) Paycom knew but failed to disclose that Beti was leading to cannibalization of Paycom's services and revenues, and failed to warn of cannibalization as a general risk; (3) as a result of cannibalization of revenue, Paycom missed its expected third quarter 2023 revenue and would have to revise its expected 2023 revenues; (4) the cannibalization issue resulted in projected 2024 year–over–year revenue growth to between 10% and 12%, well below expectations; and (5) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Paycom class action, go to https://rosenlegal.com/submit–form/?case_id=20233 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8988386)

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages SunPower Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – SPWR

NEW YORK, Dec. 03, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of SunPower Corporation (NASDAQ: SPWR) between March 9, 2023 and October 24, 2023, both dates inclusive (the "Class Period"), of the important December 26, 2023 lead plaintiff deadline.

SO WHAT: If you purchased SunPower securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the SunPower class action, go to https://rosenlegal.com/submit–form/?case_id=20033 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 26, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) due to a material weakness in its internal control over financial reporting, SunPower had inaccurately reported cost of revenue and inventory metrics; (2) as a result of the foregoing, SunPower was reasonably likely to incur significant charges to restate prior reporting; and (3) as a result of the foregoing, defendants' positive statements about SunPower's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the SunPower class action, go to https://rosenlegal.com/submit–form/?case_id=20033 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8988407)

ROSEN, LEADING INVESTOR COUNSEL, Encourages The Beauty Health Company Investors to Secure Counsel Before Important Deadline in Securities Class Action – SKIN

NEW YORK, Dec. 03, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of The Beauty Health Company (NASDAQ: SKIN) between May 10, 2022 and November 13, 2023, both dates inclusive (the "Class Period"), of the important January 16, 2024 lead plaintiff deadline.

SO WHAT: If you purchased BeautyHealth securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the BeautyHealth class action, go to https://rosenlegal.com/submit–form/?case_id=20507 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 16, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Syndeo 1.0 and 2.0 devices, BeautyHealth brand Hydrafacial's leading product which are data–connected hydradermabrasion machines, had issues leading to "frequent treatment interruptions"; (2) as a result, BeautyHealth incurred significant costs to develop enhancements; (3) despite the enhancements, providers continued to experience issues with the Syndeo devices; (4) as a result, BeautyHealth would no longer market Syndeo 1.0 and 2.0 devices and incur significant inventory writedowns; (5) as a result, BeautyHealth's profitability would be adversely impacted; and (6) as a result of the foregoing, defendants' positive statements about BeautyHealth's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the BeautyHealth class action, go to https://rosenlegal.com/submit–form/?case_id=20507 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8988380)

ROSEN, A RESPECTED AND LEADING FIRM, Encourages Roblox Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – RBLX

NEW YORK, Dec. 03, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Class A common stock of Roblox Corporation (NYSE: RBLX) between March 10, 2021 and February 15, 2022, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 26, 2024.

SO WHAT: If you purchased Roblox class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Roblox class action, go to https://rosenlegal.com/submit–form/?case_id=20661 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 26, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Roblox platform had insufficient content controls and lacked user spending restrictions; (2) these inadequate controls enabled younger Roblox users to play games with inappropriate content and make excessive, unauthorized Robux, Roblox's proprietary currency, purchases; (3) a material portion of Roblox's bookings and revenue growth was due to these excessive, unauthorized Robux purchases; (4) fourth quarter 2021 and 2022 bookings would be negatively impacted by Roblox's planned rollout of enhanced parental controls; and (5) based on the foregoing, Roblox's bookings and revenue growth was unsustainable throughout the class period. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Roblox class action, go to https://rosenlegal.com/submit–form/?case_id=20661 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8988408)

ROSEN, A LEADING AND RANKED FIRM, Encourages Veradigm Inc. f/k/a Allscripts Healthcare Solutions, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MDRX

NEW YORK, Dec. 03, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Veradigm Inc. f/k/a Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) between February 26, 2021 and June 13, 2023, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 22, 2024.

SO WHAT: If you purchased Veradigm common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Veradigm class action, go to https://rosenlegal.com/submit–form/?case_id=20675 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 22, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made materially false and misleading statements and/or failed to disclose that: (1) Veradigm had overstated its historical revenues by at least $20 million; (2) Veradigm had artificially inflated its revenue by recording duplicate transactions, among other things, over a more than two–year period; (3) Veradigm had artificially inflated its earnings and margins and materially misrepresented demand for Veradigm's products and services during the Class Period; (4) Veradigm had failed to maintain effective internal controls over its financial reporting; (5) Veradigm had failed to comply with Generally Accepted Accounting Principles ("GAAP") regarding appropriate revenue recognition practices; and (6) as a result of the foregoing, Veradigm's financial projections were materially false and misleading and lacked any reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Veradigm class action, go to https://rosenlegal.com/submit–form/?case_id=20675 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8988410)

Human Rights Crucial as Wealthy Nations Reap Energy Transition Benefits

Yamide Dagnet points to the urgency of climate action to meet the Paris Agreements, while protecting frontline communities as about 70 000 attendees grapple with issues during the UN Climate Change Conference COP28. Credit: COP28/Walaa Alshaer

Yamide Dagnet points to the urgency of climate action to meet the Paris Agreements, while protecting frontline communities as about 70 000 attendees grapple with issues during the UN Climate Change Conference COP28. Credit: COP28/Walaa Alshaer

By Umar Manzoor Shah
DUBAI, Dec 3 2023 – As the world converges for COP 28, the urgency of addressing climate change has never been more palpable. In an exclusive interview with IPS, Yamide Dagnet, the Director for Climate Justice at Open Society Foundations, delves into the intricate details of this pivotal conference—from the unprecedented start to key challenges and opportunities in climate finance. She offers a comprehensive and nuanced perspective on global climate discourse.

As COP 28 unfolds, this interview provides a panoramic view of the complex landscape of climate action. From the challenges of climate finance to the critical role of the private sector and the ethical considerations in technology deployment, Dagnet offers a roadmap for navigating the intricate terrain of climate change, including an urgent call to action urging global leaders, businesses, and civil society to address the challenges that lie ahead collaboratively. As the world grapples with the consequences of climate change, the interview serves as a compass, guiding stakeholders towards a more sustainable and resilient future, and her voice clearly articulates her views that while the just energy and industrial revolution hold immense potential for economic growth in resource-rich nations, it is crucial to protect the rights of frontline communities and activists.

The Start of COP 28

The conference’s initial day set an unprecedented tone. “Positive developments like the creation of the Loss and Damage Fund and sizeable pledges, especially from countries like the UAE, Germany, and the EU, are highlights of this momentum’s emphasis on international solidarity; I hope that the momentum generated on day one will permeate the entirety of COP 28,” Dagnet told Inter Press Service.

Yamide Dagnet, Director for Climate Justice at Open Society Foundations. Credit: TJ Kirkpatrick, Open Society Foundations

Yamide Dagnet, Director for Climate Justice at Open Society Foundations. Credit: TJ Kirkpatrick, Open Society Foundations

Wealthier Nations and Climate Change

Dagnet delves into the role of wealthier nations in the fight against climate change. “While there is an expectation for these nations to fulfil their commitments, reality paints a different picture. Adaptation finance has not seen the necessary investment,” she said while pointing to a critical gap in addressing the immediate impacts of climate change. Looking at the financial dynamics, Dagnet dissected the pledges made by key nations and highlighted the ongoing challenges in reaching the financial targets made since 2009 and outlined in the Paris Agreement. Dagnet contends that “fulfilling pledges and demonstrating seriousness are essential steps for wealthier nations to regain trust and ensure a unified front in the fight against climate change.”

Key Trends in Climate Change Policy

Transitioning into a discussion on key trends shaping climate change policy in the next decade, Dagnet underscored the critical importance of aligning investments with the goals of the Paris Agreement. A concerning trend emerges as she highlights the “doubling of subsidies for fossil fuels, signaling a misalignment with the imperative to transition to clean energy. There is a need to redirect investments toward clean energy, adaptation, and activities in line with the Paris Agreement.”

Delving into philanthropic organizations’ role in supporting climate action, Dagnet says that while some positive dynamics have emerged on loss and damage, much work remains to be done. “Let us not forget that economic and non-economic losses and damages cost several hundreds of thousands of dollars each year.” She says there is a need to prioritize investments in supporting adaptation efforts, acknowledging the urgent need for resilience in the face of climate change impacts. She is hopeful as diverse group of eleven philanthropic organizations committed on December 2 to develop a joint strategic plan, joining the global chorus of voices calling for increased funding and action on climate adaptation.

Balancing Economic Goals and Climate Policies

Dagnet also highlights the challenge of balancing economic goals while adhering to climate policies, emphasizing the integration of climate policy into the broader development agenda. She illustrated the economic risks posed by climate-related disasters, citing examples of hurricanes causing widespread destruction. “Resilient infrastructure is vital, as even substantial economic gains can be wiped out if development projects are not resilient to floods, hurricanes, and other climate-related events,” she said.

Exploring the business sense of investing in reducing emissions, Dagnet highlights that, with the decreasing costs of renewable energy, it is not only an environmental imperative but also financially prudent. “The cost-effectiveness of renewable energy makes a compelling case for nations to prioritize emission reduction efforts, aligning economic goals with sustainable development,” she said.

It also means recognizing that the rare transition minerals needed to scale up the use of renewable energy require a just energy and industrial revolution, which holds immense potential for economic growth in resource-rich nations.

“However, the risk of human rights abuses and other adverse effects should be taken into account and mitigated by focusing on value addition in mineral supply chains by reconciling with the protection of activists and frontline communities, including people’s rights in land use, labor, and conservation of cultural heritage.”

The Role of the Private Sector

Dagnet further delves into the role of the private sector in climate action, focusing on areas such as adaptation and loss and damage. She acknowledged the challenges faced by the private sector in engaging with these aspects, emphasizing the need for them to integrate climate risk into their business models. “While adaptation may not seem immediately profitable, the long-term consequences of inaction are severe,” she says. She suggests that insurance companies need to review their business models, considering how they can better contribute to tackling losses and damages.

Technology for Addressing Climate Change

Turning to the role of technology in addressing climate change, Dagnet discussed the potential and pitfalls. She advocates for a “balanced approach that leverages indigenous knowledge alongside technological solutions. Dagnet highlights the importance of proper assessment, monitoring, safeguards, and global governance to mitigate the risks associated with less-proven and more controversial solutions like geoengineering, carbon dioxide removal, and carbon capture and storage. This is critical for responsible technology deployment, recognizing that while technology can offer solutions, it must be guided by ethical considerations, an understanding of potential risks, and the design of appropriate guardrails to minimize unintended adverse impacts.” She suggested that a holistic approach, which includes both technological advancements and indigenous knowledge, together with a more participatory process bringing various constituencies from both the global north and global south, provides a more robust foundation for addressing climate change challenges in an innovative and equitable way.

Civil Society’s Accountability Role

Dagnet further highlighted the vital role of civil society in holding governments accountable for their climate commitments, including their financial pledges. She contends that efforts to “measure progress and scrutinize government actions are essential tools for civil society to hold governments accountable for their commitments.” She also acknowledged the power of public pressure to drive governments to take more ambitious climate action. Dagnet emphasized the need for a multi-faceted approach, combining legal frameworks, grassroots movements, and international collaboration based on robust data and supported by nuanced and more sophisticated communication strategies, to hold governments accountable on the global stage effectively.

Assessment of International Agreements

Dagnet provided a sober assessment of the international agreements reached so far in the fight against climate change. She also acknowledged that the world is far from achieving its climate objectives, and the window to meet temperature goals is shrinking rapidly. But like many climate justice avengers, she is not defeated and points out ways COP28 and its global stocktake can create an inflection point, with a “course correction pathway” that highlights the need for increased attention to scaling up efforts to keep global temperature increases to 1.5 degrees Celsius and enhance resilience, especially in the face of recent climate-related disasters globally. “No country is immune to the disasters the climate change is unleashing. It is imperative to scale up and speed up efforts to keep fossil fuels on the ground while focusing on building resilience to mitigate the impact of climate change,” she concluded.

IPS UN Bureau Report

 


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