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Many of the large tech companies that manufacture games and consoles, such as Microsoft, Apple and Google, have committed to reaching net-zero by 2030. Sony has pledged to be net-zero by 2040, and Activision says it will reach that target by 2050. Other companies have less ambitious targets.
C above pre-industrial levels, according to the United Nations Environment Programme (UNEP). Retiring coal power plants early will, in 2025, cost an estimated US$164 billion, according to research from American non-profit RMI – a small price to pay when climate disaster damages topped US$210 billion worldwide in 2020 alone.
COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to netzero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to netzero, even by those who acknowledged its multiple caveats.
C this century, according to the UN Environment Programme’s (UNEP) latest Emissions Gap Report 2021: The Heat Is On. Released ahead of the UN Climate Change Conference (COP26), the latest round of climate talks taking place in Glasgow, the report finds that netzero pledges could make a big difference. Zeroing in on netzero.
This is the assessment of Eric Usher, Head of the UN Environment Programme Finance Initiative (UNEP FI) which brings together the United Nations and the financial sector to develop responsible investment agendas. For example, the NetZero Asset Owners Alliance is not led by sustainability teams, it’s typically CIOs who are driving it.”.
Jessica Smith, Nature Lead at the UNEP FI, says it’s time for biodiversity to take its place alongside climate in investor priorities. There have been trillions of dollars committed to climate change as part of the Global Financial Alliance to NetZero ; now we want to recreate that commitment and momentum for biodiversity.”.
It spurs action on climate change as a systemic financial risk—driving the large-scale behavior and systems change needed to achieve a netzero emissions economy through key financial actors including investors, banks, and insurers. ET Thursday, July 27.
Following “strong feedback” on the connection between climate and nature, Faber said the ISSB plans to immediately advance work on the climate standard, making explicit connections to natural ecosystems and human capital aspects of the netzero transition. . “We
As of 1 July 2020, the number of cases had nearly doubled, with at least 1,550 climate change cases filed in 38 countries, according to the UNEP Global Climate Litigation Report. The European Court of Human Rights made headlines in 2020 when it communicated about its first climate change case.
The EU Taxonomy was among the first such tools, with its governing Regulation entering into force on 12 July 2020. The roadmap has the support of the International Financial Corporation, the Sustainable Banking and Financial Network, the International Platform for Sustainable Finance, the United Nations Development Programme and UNEP FI.
C of global warming, 50% of all existing buildings need to be netzero by 2040, increasing to 85% by 2050, according to the International Energy Agency. Analysing 340 residential and commercial real estate assets globally, CRREM found only a few were aligned to netzero. .
metres compared to 2020 levels, the number of people affected will increase by 20%. Extreme climate-related events can reduce a property’s value by between 5-20%, according to the UN Environment Programme Finance Initiative (UNEP FI). If the global mean sea level rises by 0.15 This will double and triple if sea levels rise by 0.75
Estimated adaptation costs and financing needs in developing countries are between five to ten times greater than recorded 2020 international public adaptation finance flows, according to the 2021 Adaptation Gap report published by the UN Environment Programme (UNEP). . trillion, the Climate Bonds report said. billion. .
Analysis from the United Nations Environment Program (UNEP) concludes that a 45% reduction in global methane emissions by 2030 is essential to limiting global warming to 1.5 Created in November 2020, OGMP 2.0 In addition to being a potent GHG, methane is the primary contributor to ground-level ozone.
The economic consequences of the COVID-19 pandemic caused CO2 emissions from buildings and construction to fall significantly in 2020, but a lack of real transformation in the sector means that emissions will keep rising and contribute to dangerous climate change, according to the 2021 Global Status Report for Buildings and Construction.
In March 2021, the Align project was also launched, led by the United Nation’s Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) and funded by the European Commission.
, hosted by Euroclima+ and presented their modelling results, as part of their collaboration with Argentina's government to develop its Long-Term Strategy on Energy and Climate Change 2020-2050. Modeled off of our global meeting during the 2020 HLPF, the Networks program launched the regional University Presidents Meetings in December.
A 2020 World Bank report estimated the production of minerals, such as graphite, lithium and cobalt, will need to increase by nearly 500% by 2050 – the equivalent of nearly three billion tonnes – to fulfil sufficient upscaling of clean energy technologies and energy storage solutions. in 2020, and now 7.2% in 2018, to 8.6%
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