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Climate Finance: Moving Forward After COP26

3BL Media

SUMMARY: The need for climate finance – the local, national, or transnational financing that enables climate change mitigation and adaptation – was much debated at COP26. An estimated $100 billion per year in investment is required for financing climate related issues, a target that developed countries were aiming to achieve by 2020.

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What effect will the “Code Red” climate report have on COP26?

Renewable Energy World

.” The report’s authors support this position with a wealth of grim landmarks, including: The global surface temperature of the planet was 1.09C higher in the decade between 2011-2020 than between 1850-1900. I count on government leaders and all stakeholders to ensure COP26 is a success.” She writes that: “The hour is now.

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Climate Week NYC to go ahead in September 2020

Envirotec Magazine

On 6 April, climate-action non-profit The Climate Group announced that Climate Week NYC will not be postponed and will take place as scheduled on September 21-27, 2020. The organisers say the decision is even more critical given that COP26, the annual UN hosted national climate summit, is to be postponed until 2021.

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Are you greenwashing, wishing or walking?

GreenBiz

Eleven years ago, in 2010, at the United Nations Framework Convention on Climate Change’s COP15, developed countries committed to a goal of mobilizing $100 billion per year by 2020, to address the needs of developing countries. A long list of developed countries pledged but, according to the OECD 2020, not all have delivered.

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

GreenBiz

Tue, 10/13/2020 - 00:46. 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. Cecilia Keating.

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Morgan Stanley will measure CO2 impact of loans and investments

GreenBiz

Mon, 07/27/2020 - 00:15. As we work towards COP26, and a critical year ahead in aligning the finance sector with the goals of the Paris Climate Agreement, we believe that PCAF and member financial institutions will play an important leadership role in that work.". Morgan Stanley will measure CO2 impact of loans and investments.

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Fossil fuel expansion will be the litmus test for banks’ net-zero promises

Corporate Knights

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.

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