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Set net-zero by 2050 goals at three private markets funds that are currently being raised. Set net-zero by 2050 goals at three private markets funds that are currently being raised. ENGAGING with portfolio companies on climate-related issues. SCALING UP: 2021 HIGHLIGHTS.
This year’s COP26 summit is widely viewed as one of the last chances to fulfil the 2015 Paris climate agreement and ensure meaningful progress is made towards tackling our netzero targets and the climate emergency. Hydrogen cluster projects with industry, local government and communities can deliver the early steps towards netzero.
Chris Skidmore, former MP and author of the netzero review, talks about what the next UK government should do to get the country’s netzero commitments back on track. “I cannot vote for the [Offshore Petroleum Licensing] bill next week. In May, a High Court ruling ordered it publish a revised netzero strategy.
In part, this piece of Brussels law-making was a response to the collapse in September 2008, at the height of the financial crisis, of the world’s largest insurer, American International Group. This would not prevent fossil fuel investment but would make it more expensive. Balance sheet volatility.
And in 2008, Al Gore set a moonshot on climate change – a challenge to produce every kilowatt of electricity through wind, sun, and other renewable energy sources within 10 years. Last year, Cisco set its “moonshot” goal: To reach netzero emissions by 2040.
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.
If 2020 was the year sustainableinvesting went mainstream, then 2021 was the year it was tested. Activist investors should be pushing companies much harder to get serious about going net-zero. The money is flowing, with assets invested in sustainable mutual funds and ETFs doubling from US$17 billion to $34 billion.
Europe’s new code – As Ursula von der Leyen mulled over the composition of her top team for the next five years , the European Commission’s incoming finance chief was already getting advice on the future of sustainableinvestment. Withdrawals from Climate Action 100+ have been taken by many as signs that the red team is winning.
European Commissioner Mairead McGuinness, responsible for financial services, financial stability and Capital Markets Union, told this October’s EU SustainableInvestment Summit taxonomies are critical to “identify environmentally sustainableinvestments and to increase transparency on sustainability”.
ESG Investor’s weekly round-up of news about funds designed to meet sustainableinvesting criteria, including HSBC AM, Invesco, BlackRock, Franklin Templeton, Janus Henderson and Mirova. . Launched in 2008, solarZero is a roof-top solar and smart battery provider aiming to make solar and low-priced energy more accessible.
Quitting climate alliances risks trust and transparency, says Ramnath Iyer, IEEFA ‘ s Sustainable Finance Lead for Asia. Trust in the financial sector in advanced economies declined after the subprime mortgage crisis of 2008-09. In Asia, renewables and sustainableinvestments offer an economically compelling case.
But its hard to draw any conclusions about the returning former commissioners attitude to climate reporting, or sustainableinvesting more broadly, from Trumps claims for Atkins belief in robust, innovative capital markets that are responsive to the needs of investors.
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