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Ten good news stories on climate and clean energy in 2024

Corporate Knights

But its true: Canada and the world made enormous strides addressing climate change and building a cleaner economy. Climate policies are working with industrial carbon pricing leading the pack. Canadas emissions would be higher today without the actions taken to date by all levels of government since 2015.

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Canada is sleeping on the energy transition

Corporate Knights

At the same time, the five largest Canadian banks have provided $700 billion to the fossil fuel sector since 2015 and doubled their year-over-year financing in 2021. The inability to prepare adequately for the energy transition will come with significant economic costs.

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IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

A stark choice between climate stability and global devastation is the constant drumbeat from a landmark report released today by the Intergovernmental Panel on Climate Change (IPCC). Already, “widespread and rapid changes in the atmosphere, ocean, cryosphere , and biosphere have occurred,” the report says.

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Their land, their call: When economic reconciliation and climate justice conflict

Corporate Knights

Those current climate projections prompted world leaders at the last UN climate summit, COP28 in Dubai, to agree to “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner” to avoid the worst of climate change. But carbon capture remains unproven and expensive – a $2.4-billion

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

They also noted the due diligence aspects of a framework that must now be implemented by all federal departments and agencies in line with the targets in the 2015 Paris climate agreement. The announcement has no impact on provincial subsidies last calculated at a minimum of $2.5 billion in 2020/21 and another $1.5

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Investors Face Direct Risk from Climate Litigation

Chris Hall

Investors often underestimate indirect legal risks despite the financial toll of lawsuits against investee companies,” Clarke said. The claim, for £36 billion (US$44 billion), could have a major impact on the firm’s share price, a knock-on effect on investors, and potentially set a precedent for future litigation.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 Change is already underway within the fossil fuel industry, as developments in the Netherlands, United States and Australia indicate.

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