This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
According to a report by the London-based NGO Global Witness, 503 fossil fuel lobbyists attended the COP26 meeting in Glasgow in 2021. At the same time, the number of conference participants who represent the industry has surged. The following year, at COP27 in Sharm el-Sheikh, the number rose to 636. Shes changed her mind.
Vital reading, particularly in a year that should see Glasgow hosting the COP26 climate summit. But if I could propose one additional New Year’s resolution for Gates, it would be to send another book to all COP26 delegates: Kim Stanley Robinson’s " The Ministry for the Future.".
The announcement marks a major coup for the PCAF and is a landmark green move for Morgan Stanley, one of the world's largest and most recognizable private banking groups, which from 2016 to 2019 invested more than $91 billion n fossil fuels, according to the Rainforest Action Network.
Civil society organizations are gearing up to hold financial industry players accountable on the lofty commitments they made at COP26 in November. trillion in financing to the fossil fuel sector worldwide between 2016 and 2020, according to a report, Banking on Climate Chaos, produced by a coalition of environmental advocacy groups.
In early December, Canada announced it would implement the Glasgow Statement , a multilateral commitment signed at last year’s COP26 to end international public financing for fossil fuels by the end of 2022 and fully prioritize the clean energy transition. Between 2016 and 2019, EDC provided an average of $10.6 billion in 2020.
Raised Scope 1 and 2 carbon emissions intensity reduction target to 63% from new baseline year 2016, validated by Science Based Targets initiative . CDL will also reduce its Scope 3 GHG emissions from purchased goods and services by 41% per sqm Gross Floor Area (GFA) by 2030 from 2016.
Raised Scope 1 and 2 carbon emissions intensity reduction target to 63% from new baseline year 2016, validated by Science Based Targets initiative. CDL will also reduce its Scope 3 GHG emissions from purchased goods and services by 41% per sqm Gross Floor Area (GFA) by 2030 from 2016.
It dismissed a petition that circulated at COP26, asking it to cut ties with the fossil fuel industry. Subtly, the onus of carbon reduction was shifted from the company onto the consumer. As climate awareness grew, Big Oil’s advertising budgets exploded.
“With the UK hosting COP26 in Glasgow in 2020, the country’s actions will be under close scrutiny and there will be nowhere to hide if we fall short of doing our part,” said Kiran Sura of PwC. Between 2012 and 2016, peak coal phase-out years, the UK achieved an annual average rate of decarbonisation of 6.9%.
DESCRIPTION: As 22 May marked the International Day of Biological Diversity , we are less than eight years away from the 2030 deadline to reverse biodiversity loss, which was internationally reaffirmed at November’s COP26 climate conference. A revised standard for biodiversity impacts.
The array would utilise Nova’s next generation 100kW tidal turbines – innovative, world-leading technology that has been powering homes and businesses in Shetland since 2016. Nova Innovation met with members of the Indonesian delegation to COP26 in Glasgow to discuss the potential for tidal energy in the country.
billion tonnes in 2016 but passed 100 billion in 2019 and is estimated at 101.4 C at the COP26 summit in Glasgow. billion last year. More than 90% of what we take from the Earth to fulfil our needs and wants goes to waste, with just 8.6% of materials cycled. World leaders committed to limit climate change to 1.5°C C, and to meet 1.5°C
billion between 2016-18 to US$14 billion between 2019-21 – a 60% decrease. . The Adaptation Fund received US$356 million from governments at COP26, and climate adaptation is expected to be a big focus for discussions at the climate summit in Sharm El Sheikh. . Slowly but surely .
Banks were hit by a double salvo for continued financing of fossil fuel firms in the face of widely accepted net zero roadmaps and the commitments made at COP26. Campaign groups led by Urgewald and Reclaim Finance reported that commercial banks channelled US$1.5 trillion.
At COP26, philanthropists teamed up with the Danish and Costa Rican governments to launch the Beyond Oil and Gas Alliance , or BOGA. From 2016 to 2020, known foundation funding to climate mitigation nearly doubled, from 1 billion dollars to 1.9 At the same time, more philanthropies are directing more resources to climate.
The US scenario is likely to be repeated elsewhere, said Kelly Shields, Senior Officer for Banking Standards at ShareAction, which has found that leading European banks have financed upstream oil and gas expansion to the tune of more than US$400 billion since 2016. “As
The FRC is separately investigating KPMG and former Carillion directors over the auditing of 2016 accounts. . Prior to COP26 last year, a group of asset owners and managers wrote to COP26 President-Designate Alok Sharma to urge governments to set a timeline for the introduction of net zero accounting and auditing. .
From 2016 to 2020, the 38 banks that exclude direct finance for coal-fired power plants have nonetheless provided over USD 52 billion in finance to companies engaged in coal projects (Rainforest Action Network 2021).
According to figures published by The Global Sustainable Investment Alliance in 2021, Japan’s total sustainably invested assets stood at US$42,874 billion in 2020, representing a more than fivefold increase from 2016.
At COP26, Indian Prime Minister Narendra Modi pledged to reduce the country’s emissions by one billion tonnes by 2030 and promised to raise the percentage of renewables in its energy mix to 50%, growing India’s non-fossil fuel energy capacity to 500 gigawatts (GW) by the end of the decade, achieving 175 GW by the end of 2022. .
More than 140 governments pledged to implement policies to halt and reverse forest loss by 2030 at COP26, but the overall pace of deforestation has not yet slowed notably, with Brazil reporting last month its worst monthly losses since 2016.
The first half of the Symposium focused on global ESG strategy post-COP26 and the new Science-Based Targets Net Zero Standard. According to a recent LinkedIn survey, hiring for green skills grew almost 40% globally from 2016-2021, but demand for green talent will soon outpace supply.
A putative ‘Human Swan’, she followed a black swan on a paraglider across 11 countries and 7,000km on a migration survey during winter 2016. Keynote speaker on the night will be Sacha Dench ( www.sachadench.com ), an Australian biologist, conservationist, UN Ambassador and adventurer. MC for the evening will be BBC presenter Amy Irons.
Further, since 2016 firms have been able to deduct Petroleum Revenue Tax payments against losses incurred during decommissioning. The Glasgow Climate Pact , signed at the end of COP26, committed signatories to phasing out “inefficient fossil fuel subsidies”. degrees Celsius pathways.
Australia adopted an economy-wide target of net zero emissions by 2050 in the run-up to COP26. At COP26 in Glasgow, Australia refused to commit to phasing out coal. This explainer looks at the state of play in Australia and the role of investors in accelerating its transition to a low-carbon economy.
are both signatories to the Global Methane Pledge (GMP), an initiative launched at COP26 in 2021, through which countries commit to taking voluntary action to reduce global methane emissions by at least 30% by 2030, relative to a 2020 baseline. Voluntary efforts Canada and the U.S.
The London Stock Exchange has published a public consultation on the market rules for its planned voluntary carbon market, first announced at COP26 last November, which will provide access to publicly traded carbon funds focused on investing in climate mitigation projects.
South Africa signed a JETP at COP26 in Glasgow, which committed France, Germany, the UK, the EU and the US to supporting its clean energy transition through US$8.5 billion in first-phase financing, provided through grants, concessional loans, investments and risk-sharing instruments over three to five years.
European banks have financed upstream oil and gas expansion by more than US$400 billion since 2016, ShareAction research has found. Most of those banks are members of the UN-convened net-zero banking group. .
His 2016 article in Institutional Investor “The ESG Evolution,” is lit with his genius and practical hope. Now, we will see who has the courage, compassion, collaboration, creativity, and commitment needed. It does not reflect the aspirations of environmentalists or even climate scientists.
To answer that question, in the final days of COP27, I published Dignity First Climate Leadership. United States domestically, and a global challenge through the UN Committee on the Rights of the Child filed by youth around the world, including Swedish youth activist Greta Thunberg.
At the COP26 climate conference in November, the United Nations identified hydrogen as the “backbone” of our clean energy future. Founded in 2016 by two brash B.C. By 2016, the company was producing all-electric school buses, followed two years later by electric trucks. Alberta Innovates is the launch partner for the Future 50.
From 2016 to 2019, none of the 10 developed countries that are members of the Group of 20 nations managed to reduce emissions at a rate consistent with their 2030 targets, the index shows. Its performance was second last to Russia – also a large oil and gas producer – between 2016 and 2019. C above pre-industrial levels.
When Ninety One took over as manager in 2016, around half of EAIF’s US$679 million portfolio was in electricity; with slightly more than a quarter in renewables. According to Moola, the recent evolution of its portfolio reflects the growth in renewables investment opportunities. It now has more than US$1.3
International cooperation is the goal of the annual Conference of the Parties (COP) and despite being dismissed as a failure, the final agreement at COP26 emphasized the importance of nature and ecosystems, including protecting forests and biodiversity. At COP26 the world took a step back from fossil fuels for the first time.
At the most recent climate talks (COP26) Ukraine announced that it was joining the Powering Past Coal Alliance promising to phase out coal by 2035. As revealed by the Mueller Report, Russian disinformation played a prominent role in helping to elect the disgraced former president in 2016. Ukraine delivered more than promises.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content