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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

Ben Caldecott, director of the Oxford sustainable finance program and COP26 strategy adviser for finance, hailed the announcement as a "big deal," noting that HSBC faced particular challenges due to its being more exposed to emerging markets than many of its peers.

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COP26 a washout? Don’t lose hope – here’s why

Renewable Energy World

It’s fair to say that there has been a lot of pressure on Glasgow’s COP26 to deliver. Added to all of the above is the urgency unavoidably added by the rescheduling of COP26 by a year, owing to the impacts and restrictions of Covid19. Everybody understands the critical nature of holding climate conferences annually. So what now?

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Morgan Stanley will measure CO2 impact of loans and investments

GreenBiz

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.

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The textile companies creating material change

GreenBiz

Globally, with both the COP26 on Climate Change and COP15 on Biological Diversity happening this year, the urgency couldn’t be more clear. The MCI was launched in 2019 in partnership with GreenBiz, with a goal to accelerate action and impact by driving a race to the top.

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Burundi’s first solar farm increases country’s generating capacity by 10%

Renewable Energy World

Days before the United Nations COP26 climate summit is expected to, among other things, pressure world leaders to boost clean energy financing for developing countries , a multinational effort has brought the first-ever solar farm online in Burundi. billion in 2019. Follow @EngelsAngle.

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A new year’s resolution for federal pension funds: Stop financing fossil fuels

Corporate Knights

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.

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Ithaca, New York launches first city-wide electrification effort in the U.S.

Renewable Energy World

The project is in line with Ithaca's Green New Dea l, which the city approved in 2019 to address climate change, economic inequality, and racial injustice. "At

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