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

GreenBiz

Tue, 10/13/2020 - 00:46. 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). 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.". Michael Holder.

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Corporations promise to go deforestation-free – again

Corporate Knights

A laundry list of corporate pledges and climate solutions are on discussion boards here, and one message comes up again and again: there is no meeting Paris Agreement climate targets without halting forest loss. . It’s all part of the drum-beating prelude to the 27th UN climate summit taking place in Egypt this November. There are 1.6

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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Tue, 10/20/2020 - 00:15. Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the Paris Agreement in the first place. Green groups urge UN to raise climate ambition on global shipping. As the U.K.

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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. The alliance, led by former Bank of England governor Mark Carney, comprises separate agreements for various financial sectors.

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Carbon markets could help the planet, but only if Indigenous land rights are recognized

Corporate Knights

In 2021, the value of carbon credits traded on the voluntary market exceeded US$1 billion , more than double the value in 2020. At COP26, in November 2021, states agreed on a series of rules to govern market-based activities under Article 6 of the Paris Agreement. Communities at risk.

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Here’s how developing countries can do more on climate

Renewable Energy World

Our planet faces an unprecedented slate of climate risks, and world leaders are gathering at COP26 in Glasgow next month with a mandate to stave off disaster. Under the Paris Agreement , which the U.S. The Paris Agreement and the Copenhagen convention before it included national financial commitments.