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“The plastic crisis is too large and imminent to be solved by a single solution or mechanism,” and credits are only part of the problem, according to Verra , a nonprofit that started in 2007 by creating verification systems for carbon credits, and more recently branched into verifying plastic credits. But] this is not greenwashing at all.
Neste began tinkering with renewable diesel fuel in 2007 and, three years later, launched the world’s biggest renewable diesel plant, in Singapore. In May 2022, Carlos Calvo Ambel, a senior director of the Transport & Environment environmental campaign group, called the band Coldplay “useful idiots for greenwashing” Neste’s image.
However, by the mid-2000s, millions of high-risk mortgages the infamous subprime loans were bundled into securities without proper risk management, and at the markets peak, US$2 trillion of securitised products were issued in the US in 2007. However, we must remain mindful of the lessons learned from the 2008 GFC.
But it took the financial crisis of 2007 to turn the spotlight on excessive risk and expose whole industries to accusations of corruption and greed. Climate-related risk arises from increased operational costs due to a range of threats, including scarcity of resources and disrupted supplychains.
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