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

GreenBiz

While the pledge provides limited detail on the measures it will take to slash the carbon emissions of its portfolio or operations, the bank said it would establish "clear, measurable pathways" to net-zero using the Paris Agreement's Capital Transition Assessment Tool (PACTA). Pull Quote. Finance & Investing.

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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. Ben Cushing, senior campaign representative at U.S.

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The world has consumed half a trillion tonnes of virgin materials since the Paris Agreement

Envirotec Magazine

The throwaway global economy is fuelling the climate crisis with more than half a trillion tonnes of virgin materials consumed since the 2015 Paris Agreement, according to a report from impact organisation Circle Economy launched on 19 January. billion tonnes in 2016 but passed 100 billion in 2019 and is estimated at 101.4

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COP27 litmus test: Will wealthy countries finally pay for climate change loss and damage?

Corporate Knights

of global emissions in 2019. That could pay for the climate-related economic losses suffered by the most vulnerable countries from 2000 to 2019 and still have US$170 billion in profits left over,” she added. Loss and damage on the (permanent) agenda.

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Four Ways Development Agencies Can Advance Carbon Markets

3BL Media

This is the third in a three-part series exploring how Article 6 of the Paris Agreement can spur the clean energy transition. The 2021 United Nations Climate Change Conference (COP26) established an accounting mechanism known as the “corresponding adjustment” to ensure that only one country counts each emission reduction.

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Three New Business Models to Achieve Carbon-Reduction Goals

3BL Media

This is the second in a three-part series exploring how Article 6 of the Paris Agreement can spur the clean energy transition. The most recent Intergovernmental Panel on Climate Change (IPCC) report indicates that around 2,400 gigatons (Gt) of net CO 2 emissions were generated globally from 1850 to 2019.

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COP28 UAE Key Takeaways

3BL Media

Global Stocktake COP28 witnessed the first-ever “global stocktake” under the Paris Agreement, and for the first time in a COP history there was a decision that explicitly calls for “transitioning away from fossil fuels”. The surge in attendance, doubling since COP26, can be attributed to heightened private sector engagement.