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Morgan Stanley will measure CO2 impact of loans and investments

GreenBiz

bank to commit to measuring and disclosing the climate impact of its loans and investments, announcing last week that it has joined a multi-trillion dollar group of global financial institutions developing a standardized method for carbon accounting. Morgan Stanley has become the first major U.S. trillion in assets. trillion in assets.

Banking 365
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Finance Sector Net Zero Plans Must Respect Planetary Limits – SBTi

Chris Hall

According to the initiative’s latest report, Foundations for Science-Based Net-Zero Target Setting in the Financial Sector, banks, asset managers, insurers, and pension funds should ensure their operational and financing activities, as well as Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions, are aligned with global net-zero goals.

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Commodity AND Security

Chris Hall

When global leaders gathered at COP26 last year, governments pledged ambitious 2030 emissions reduction targets to achieve net zero by 2050. While in Asia, the Asian Development Bank and the Government of the United Kingdom announced a new US$134 million trust fund to support ASEAN countries as they scale up their green financing initiatives.

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Investing in Climate Justice

Stanford Social Innovation

Yet the goal of the 2015 Paris Agreement is to limit long-term temperature increases to well below 2 degrees—preferably 1.5 To date, investors have mostly focused on climate mitigation through reduced emissions, but the 2021 United Nations Climate Change Conference (COP26) took a step toward adaptation. But it isn’t enough.

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Multi-stakeholder SDG Fund Offers Blended Finance “Blueprint”

Chris Hall

Funding gap In 2015, the UN defined the SDGs as a “blueprint for peace and prosperity”, setting a 2030 deadline to achieve the 17 goals. The funding gap required to achieve these goals, however, amounts to US$3.9 billion loan fund was conceived in recognition that public capital alone is “insufficient” to fill US$3.9

COP26 59
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6 Key Tasks at COP27

Chris Hall

At the closing of COP26 in Glasgow in 2021, one of the headline questions centered on how countries would address the need for finance to address loss and damage , those impacts from climate change that are so severe communities are simply unable to adapt to them. Finance must scale significantly to support adaptation needs. degrees C.

COP26 52
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Local Leaders and mayors call for power shift to meet net zero

Envirotec Magazine

According to a press release about the event, the International Net Zero Local Leadership Summit is being compared to the Paris City Hall Declaration in 2015, which paved the way for the Paris Climate Agreement at COP21. Ensuring the new UK Infrastructure Bank has a Net Zero mandate to deliver local investment in Net Zero projects.