This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. The green groups behind the report have warned of an "alarming disconnect" between the global scientific consensus on climate change and the ongoing practices of the world's leading banks. Cecilia Keating. Fri, 03/26/2021 - 00:05.
Tue, 10/13/2020 - 00:46. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. HSBC is latest bank to pledge net-zero financed emissions by mid-century. Cecilia Keating.
When Bernard Looney became CEO of BP in 2020, he promised to reinvent the British oil major as a “leaner, faster-moving and lower-carbon company.” Last week, BP said it will cut its Scope 3 emissions by only 20% to 30% by the end of the decade – a significant reversal from its original 35% to 40% target announced in 2020.
A new Swedish iron processing project could disrupt the global steel industry. Thu, 12/17/2020 - 00:20. Looking forward, with customers, investors and policymakers increasing pressure to adhere to the ParisAgreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness.
Green groups urge UN to raise climate ambition on global shipping. Tue, 10/20/2020 - 00:15. The global shipping industry's decarbonization efforts once again face stormy seas. Cecilia Keating.
Mon, 12/14/2020 - 00:05. December marks the five-year anniversary of the ParisAgreement — a turning point for the movement to limit dangerous climate change and environmental destruction. On the fifth anniversary of the TCFD, a call to action. Ateli Iyalla. So, the TCFD was born. Out of 727 companies headquartered in the U.S.
This event will delve into the means and examples of how to access funding by GCF and the critical role of ESG principles in shaping investment decisions and financial mechanisms to combat climate change and foster a more sustainable globaleconomy. Aslanbayli has previously worked with the I.C.E.
Serving as a negotiator to the series of Climate Change COP events since COP21 (2015) where the ParisAgreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into this year’s landmark developments and future prospects. Currently, humanity uses the equivalent of 1.7
Almost seven years since the ParisAgreement was signed at COP21, any number of initiatives have been launched with the aim of reducing greenhouse gas (GHG) emissions and limiting global warming to 1.5°C. As these perilous climate projections unfold, one might expect an inevitable upheaval in the globaleconomy.
“Nevertheless, we are still not where we need to be when it comes to the global energy transition and meeting our climate goals. If we are to have any chance at reaching our ParisAgreement objectives and remaining on a 1.5°C
Hydrogen fuel dispenser at a transport refueling station in Aachen, Germany in January 2020 (image credit: Alexander Kirch / Shutterstock.com). The group behind the FiveT Hydrogen Fund suggest it will play a major role in the decarbonisation of the globaleconomy.
Anti-Financial Crime Market abuse, fraud, and money laundering is an enormous problem across the globe that costs trillions of dollars and contributes to systemic risks to the globaleconomy. More than 170 banks, brokers, and over 50 exchanges and regulators rely on them to detect market abuse across multiple regions and asset types.
In 2009, developed countries committed to mobilizing US $100 billion per year for climate action in developing countries by 2020. As of 2020, the annual SDG financing gap for developing countries stood at $4.2 They failed. trillion — up from $2.5 trillion pre-pandemic.
At a wider, global scale Aviva Investors believes climate t ransition planning – which the UK is set to mandate reporting on – across the whole globaleconomy can provide a series of positive self-reinforcing actions and information flows.
That record was matched in 2020. The scientific community holds strongly recommends that the average global temperature increase must be limited to increase be limited to 1.5 °C In the ParisAgreement, world governments committed to curbing global temperature rise to 2°C above pre-industrial levels.
It is through good stewardship that corporate engagement can drive high carbon emitting companies to develop and implement a net zero transition plan, which will ultimately help to decarbonise the globaleconomy,” says Stephanie Pfeifer, CEO at the Institutional Investors Group on Climate Change (IIGCC). .
The 2021 Progress Report, ‘ Scaling Urgent Corporate Climate Action Worldwide ’, found that companies committed to cut emissions in line with climate science now represent US$38 trillion of the globaleconomy, more than one-third of global market capitalisation (up from 20% in 2020). Grounds for optimism.
Progress towards the Sustainable Development Goals Before Covid-19, most countries were making progress towards the SDGs, as shown in this year’s Sustainable Development Report 2020 (SDR2020) issued by the Sustainable Development Solutions Network (SDSN) and the Bertelsmann Stiftung. This article was initially published on Apolitical.
Starting at a 2% reduction in 2025 compared to 2020 intensity levels, it will increase to 6% by 2030, and eventually reach 80% in 2050. It will impose constraints on the average annual GHG intensity of onboard energy used by ships. Encouragingly, governments are also demonstrating a willingness to work together.
In this context, several countries and companies have taken up the challenge, and currently, 90% of the globaleconomy and a third of the 2,000 largest companies have net-zero pledges. In Compliance Carbon Offset Markets, offsets are used to meet legal obligations and has a market size in 2020 of $261 billion.
trillion in assets in 2020 ( Opimas LLC ). As a result, 90% of the globaleconomy and a third of the 2,000 largest companies have net-zero pledges. Article 6 of the Parisagreement approval and the Taskforce on Scaling Voluntary Carbon Markets will play a key role in increasing carbon offsets quality.
The survey gives businesses of all sectors, sizes and geographies the chance to contribute their experience and expertise to the policy recommendations that Business for Nature will take to governments at key events in 2020, creating a strong united business voice calling for policies to address the nature crisis.
Morgan Stanley revealed the introduction of a new range-based approach to its financed emissions reduction targets, introducing a new lower band to reflect the fact that the globaleconomy and policy is not currently on track to with the ambition to limit the global temperature increase to 1.5°C C above preindustrial levels.”
New Zealand, a nation of about 5 million people, in late January reported progress toward its goal to cut emissions by 30 percent over the next decade compared with 2005 levels — but recognized current measures won’t be enough to meet the ParisAgreement goals. She’s also a commissioner for the Global Commission to End Energy Poverty.
As widely expected, on his first day back in the White House, he signed an executive order to withdraw the US from the ParisAgreement and moved to scrap oil and gas exploration restrictions. In 2025, there is likely to be much scrutiny around US President Donald Trumps anti-green agenda.
Less than a third of Americans (31%) currently believe there was widespread fraud in the 2020 U.S. The final agreement requests parties to come to COP27 next year in Egypt with updated plans on how to slash greenhouse gas emissions by 2030. Under the ParisAgreement, countries were only obliged to update their goals by 2025.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content