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Canada caught between climate obligations and dissent at home

Corporate Knights

Under the 2021 Net-Zero Emissions Accountability Act, Ottawa must publish targets for 2035 by December 1, and Environment Minister Steven Guilbeault has confirmed the government will release the proposed targets on schedule.

Net Zero 305
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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

Canada ’ s big banks, pension funds and insurance companies are members of the Glasgow Financial Alliance for Net Zero (GFANZ), under which they have committed to bring their investment and lending practices in line with a net-zero economy by 2050. Senator Rosa Galvez is also critical of the regulator ’ s approach.

Banking 361
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Public Policy Forum urges government to help finance oil and gas emission reductions

Corporate Knights

In a report released March 16, the Public Policy Forum laid out a “leadership blueprint” for Canada’s net-zero transition that urges the federal government to help finance the sector’s efforts to reduce emissions. However, he added, the decarbonization effort must speed up. We’re just not moving with the haste we need to move.

Net Zero 261
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India Commits to 45% Emissions Intensity Reduction by 2030

ESG Today

NDCs are a major part of countries’ obligations under the Paris Agreement, outlining their interim commitments on the pathway to net zero. The updated NDC represents the framework for India’s cleaner energy transition for the 2021-2030 period and marks a step towards the country’s goal to reach net zero by 2070.

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Canada Sets Goal to Reduce Greenhouse Gas Emissions by 45% – 50% by 2035

ESG Today

The Government of Canada announced a new climate goal, setting a target to reduce greenhouse gas (GHG) emissions by 45% to 50% by 2035, on a 2005 basis. C.Canada submitted its last NDC in 2021, with a target to cut emissions by 40% 45% by 2030, on a 2005 base.

Net Zero 104
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Global 100 companies prove sustainability is good for business

Corporate Knights

Approximately 90% of countries are now covered by some kind of net-zero target, as are hundreds of the largest publicly traded companies. Since its inception on February 1, 2005, the Global 100 Index has generated a total investment return of 331% compared to 279% for ACWI. Net-Zero Asset Managers Initiative.

Net Zero 284
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Australia Moves to Enshrine Climate Targets into Law

ESG Today

Targets under the proposed legislation include greenhouse gas emissions reductions of 43% by 2030, compared to 2005 levels – reflecting the government’s recently updated Nationally Determined Contribution commitment under the Paris Agreement – and the achievement of net zero emissions by 2050.