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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Despite this significant drop from 2019 to 2020, the overall trend of the last five years is one heading definitively in the wrong direction," the report states. Cecilia Keating. Fri, 03/26/2021 - 00:05.

Net Zero 398
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COP29 Ends with Target to Triple Climate Finance to $300 Billion per Year

ESG Today

Following two weeks of intensive negotiations, the COP29 climate conference in Baku, Azerbaijan ended with an agreement to triple climate change-related finance flows to developing nations to $300 billion annually over the next decade, and with significant progress towards the development of international carbon markets.

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What Is Energy Transition? A Guide to the Future of Energy

3BL Media

above pre-industrial levels as outlined in the Paris Agreement. National and international climate commitments, including those under the Paris Agreement, are driving policy shifts toward decarbonization by setting emissions reduction targets.

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

GreenBiz

Tue, 10/13/2020 - 00:46. We are committed to developing products that allow them to invest or participate in efforts to bring about a more sustainable global economy.". HSBC is latest bank to pledge net-zero financed emissions by mid-century. Cecilia Keating. They care as citizens, consumers and business owners. Pull Quote.

Net Zero 402
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Study Confirms Significance of Reducing Global Greenhouse Gas Emissions to Protect the Future of the Olympic Winter Games

3BL Media

dangerous global warming threshold set out in the agreement. As an organisation, the IOC is on track to reduce its carbon emissions by 30 per cent by 2024 and is aiming for a 50 per cent reduction by 2030, in line with the Paris Agreement on Climate Change. They noted that, this year, the world surpassed the 1.5C

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Forecast: 8 million energy jobs created by meeting Paris agreement

Renewable Energy World

Globally, jobs in the energy sector are projected to increase from 18 million today to 26 million in 2050 if the world cuts carbon to meet the well-below 2°C target set by the Paris Agreement , according to a model created by researchers in Canada and Europe. The new study was published earlier this summer in One Earth.

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HSBC to stop financing new oil and gas fields except in Canada

Corporate Knights

London-based HSBC Holdings says it will cease financing for the development of new oil and gas fields in order to tackle climate change while carving out its Canadian unit from the policy change. HSBC will maintain its financing and investment in existing oil and gas fields at 2020 levels through 2030 and then reduce it by half by 2050.

Net Zero 313