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IMO member states are meeting this week for critical talks to discuss how the carbon-intensive shipping industry can be regulated to meet its 2030 climate target of reducing its carbon emissions intensity by 40 percent compared to 2008 levels. It is also working to introduce net-zero emissions ships in U.K.
The maritime sector plays a major role in the globaleconomy, transporting a high volume of freight around the world. percent of global greenhouse gas emissions 1 and moves freight with some of the lowest carbon emissions per tonne.kilometre (t.km) 2 of any transport sector. SOURCE: WSP. DESCRIPTION: By James Peet.
Since the mid-90s, global real estate company City Developments Limited (CDL) has integrated sustainability into its growth strategy to create value for the business and its stakeholders.
The UK government has set a target of achieving netzero emissions by 2050. The UK’s commitment to achieving netzero in general is enshrined in the Climate Change Act of 2008 (as amended). To help achieve this, it has introduced mandatory climate-related disclosure requirements for large UK companies.
As I heard Paul Hawken note to a crowd of more than 20,000 in 2008: “If a history of this time is written, it will be a history of heroes collaborating, creating and overcoming great odds.” Now after COP28 the whole world officially agrees: our sustainability requires a transition to a globaleconomy that has moved beyond fossil fuels.
With global trade highly dependent on shipping, achieving netzero may put wind in the sails of other industries’ climate ambitions. For the first time, the IMO has also agreed on an overarching objective to achieve netzero greenhouse gas (GHG) emissions by or around 2050.
Investors will however see it very differently than Graham Stuart, the UK Minister of State for Energy Security and NetZero, who argues that the UK will nonetheless “… continue to lead the world in cutting emissions, attracting international investment and providing the strongest legal protections for those who invest here ”.
HSBC Asset Management (HSBC AM) has launched the HGIF Global Equity Circular Economy Fund, which will invest in up to 60 companies that are enabling the transition to a circular globaleconomy. Since its launch, solarZero has installed 8,500 solar systems on New Zealand residential, commercial, and community buildings.
In September, 90 organizations led by the World Wildlife Fund urged the world’s central banks to add a strong climate commitment to their mandates: a 50% reduction in greenhouse gases by 2030, as well as net-zero emissions and full biodiversity recovery by 2050. Create money to tackle a crisis.
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