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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.
DESCRIPTION: The United Nations Glasgow Climate Change Conference, also known as COP26, concluded in November with 200 nations signing the Glasgow Climate Pact (GCP), an agreement that could accelerate climate action and drive big carbon cuts. COP26 Reflects Increased Drive for Climate Action . SOURCE: AllianceBernstein. The problem?
DESCRIPTION: April 15, 2022. The 19th annual North American Carbon World (NACW) 2022 Conference , held from April 6-8 in Anaheim, California, provided an opportunity for leading climate professionals throughout North America to gain actionable insights for bold climate solutions. By: Christie Pollet-Young and Contributing Authors.
City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2022, its fifteenth sustainability report since 2008. Aligned with global climate goals, including the UN Sustainable Development Goals (SDGs), the blueprint remains integrated into the company’s business strategies and operations.
DESCRIPTION: PARIS and SHARM EL-SHEIKH, Egypt, November 10, 2022 /3BL Media/ — The Consumer Goods Forum (CGF) has launched the Net Zero Playbook for Consumer Industries in collaboration with its members, Accenture and the Race to Zero. KEYWORDS: The Consumer Goods Forum, Net Zero, Accenture, COP27, COP26, Race to Zero. link] #netzero.
The COP27 text reiterated the COP26 decision but failed to broaden it to encompass oil and gas, despite a proposal by India to that end (a move that would have helped take the emphasis off coal, of which it is a major consumer). COP decisions are not binding and the language on fossil fuels at COP26 was watered down during negotiations.
C, including supporting the development of the International Sustainability Standards Board’s (ISSB) upcoming sustainability and climate-related corporate reporting standards, calling for an end of construction of new unabated coal-fired power plants, and supporting initiatives to ramp climate transition finance to developing countries.
City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2022, its fifteenth sustainability report since 2008. Aligned with global climate goals, including the UN Sustainable Development Goals (SDGs), the blueprint remains integrated into the company’s business strategies and operations.
Ahead of the World Economic Forum Annual Meeting in Davos 2022, business leaders provided insights on how companies can track and deliver on ESG promises. SUMMARY: ESG - Environmental, Social and Governance - reporting is increasingly essential – and even required. DESCRIPTION: There are, allegedly, $2.7
Additionally, the start of 2022 brought the Russian invasion of Ukraine, which will have a further knock-on effect on the global economy. Early in 2022, in partnership with Elvir, we became the first carton 2 packaging company in the food and beverage industry to launch a cap using attributed recycled polymers 3.
COP26 kept sustainability at the top of every executive’s agenda, while social movements and supply chain challenges forced a dramatic rethink. In particular, three key trends will shape the finance sector’s approach to ESG reporting in 2022. In 2021, the focus on ESG accelerated. More confidence in ESG credentials.
In case there were any doubts about the business relevance of this issue, three developments over the past six months have put these to rest: Development 1: Deforestation rises to a top climate priority. The most recent UN climate conference, COP26, highlighted the role of forests and agriculture in ways we have not seen before.
In early December, Canada announced it would implement the Glasgow Statement , a multilateral commitment signed at last year’s COP26 to end international public financing for fossil fuels by the end of 2022 and fully prioritize the clean energy transition. In 2022, CPPIB also invested in Kimmeridge Fund VI, a U.S.-based
For large middle-income countries, like India and South Africa, there were signs of progress on investments needed for developing clean energy. In the developed world, countries still have to internalize, politically, that bills are coming due – both at home and abroad – after decades of delaying action on climate change.
Looking at how international development agencies can advance carbon markets. DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at how international development agencies can advance carbon markets. SOURCE: Tetra Tech. Key Issue 1—Domestic Action vs. International Transfers.
April 19, 2022 /3BL Media/ - PSEG announced today that Ralph Izzo, chair, president and CEO, will retire from the company. His last day will be December 31, 2022. LaRossa also spearheaded the development and execution of PSE&G’s landmark clean energy and utility of the future program. . DESCRIPTION: NEWARK, N.J.,
DESCRIPTION: Climate Week 2022 provides an opportunity to celebrate and build upon historic U.S. With Climate Week 2022 set to commence next week, Ceres is calling on investors, companies, and policymakers to raise their climate ambition, building off the momentum of the recently signed U.S. SOURCE: Ceres.
We expect 6 key factors to impact sustainability in the Australian built environment sector in 2022. There will be increased visibility and awareness on sustainability in 2022 as the news cycle loosens its focus on the pandemic. Efficiently maintaining thermal comfort in 2022 will increasingly become a real-time activity.
Even after the 26th United Nations Climate Change Conference of the Parties (COP26) came to a close last November, the ESG landscape still remains unclear. In 2022, however, there are many important new regulations and standards in development to bring clarity to this picture. 1, 2022, but fully integrated on Jan.
SDSN hosted a variety of events alongside the 2022 UNGA. The event focused on approaches to accelerate the rule of law and scale sustainable development solutions in the world's largest tropical biome and for the people who live there. Below you'll find summaries and event recordings.
Following on from last November’s COP26 in Glasgow, Climate Innovation Forum (CIF) was seeking continued climate innovation collaboration this year, uniting senior public and private sector decision makers to accelerate the delivery of net zero commitments. We can develop these qualities within your existing teams too.
ScottishPower and Shell have joined forces to bid to develop the world’s first large-scale floating offshore windfarms in the north-east of Scotland, they announced last week. Crown Estate Scotland is expected to announce the results of this round of ScotWind Leasing in early 2022.
The formation of the TPT was announced last year by then-Chancellor of the Exchequer, and now UK Prime Minister, Rishi Sunak, at COP26 , and officially launched in April 2022. The FCA has been actively involved in the development and drafting of these initial outputs.”.
On the pathway to COP27 in November 2022, the Government of the Republic of Zambia and the Ban Ki-moon Centre for Global Citizens agree to work together to build the resilience of smallholder farmers in Zambia. At COP26, Hon. SOURCE: Global Citizen. Collins Nzovu, the Minister of Green Economy and Environment (MGEE) of Zambia.
When Glasgow hosted COP26 in 2021, bringing together 120 world leaders and more than 40,000 participants, the UK was seen as a world leader in the battle against climate change. In 2022, ExxonMobil committed to achieving net zero greenhouse gas emissions for operated assets by 2050.
The postponed COP26 summit held in Glasgow in November was widely billed as a moment of reckoning; the world’s last chance to set out serious plans to deliver the global commitment to keep temperature rises to 1.5°C. Yet COP26 came and went without the detailed action plans required. Vote against climate inaction.
DESCRIPTION: As we look back to Earth Day 2022, and cap a month of focus on our planet, I am reminded of the COP26 collaboration ambitions and the clear message that industry has a critical, active role to play in in advancing action on climate change. by Chris Johnson. SOURCE: Nokia. He is a passionate champion of Industry 4.0
As COP27 opens in Sharm el-Sheikh, Egypt, developing countries and climate justice leaders are urging a notoriously reluctant developed world to get serious about financing for loss and damage, with the immediate and long-term well-being of hundreds of millions hanging in the balance. “If The evolution of ‘loss and damage’.
The World Biogas Association (WBA) has published its preliminary programme for the fourth edition of its flagship event the World Biogas Summit – “the only global thought-leadership forum entirely dedicated to anaerobic digestion (AD) and biogas” – which will take place at the NEC Birmingham, UK on 15-16th June 2022.
DESCRIPTION: On the heels of COP26, investors are not only thinking about the climate-related risks of companies within their portfolios, but they are also considering whether to make new investments or maintain existing investments in high-emitting companies or countries going forward. SOURCE: Franklin Templeton. About Brandywine Global.
The COP26 Youth Climate Protest in Glasgow on 5 November (image credit: PMGphotog / Shutterstock.com). While COP25 in Madrid had seen the launch of many such schemes by big polluters like Shell, Total and BP, with COP26 we could now see these schemes taking a central place in the draft agreement. Carbon capture.
More than 40 countries have joined the UAE and the USA’s Agriculture Innovation Mission for Climate (AIM4C) initiative launched at COP26 and 40 billion dollars have been pledged. Highlighting that the UAE was the first country in the MENA region to promise net zero by 2050, at COP26, H.E. billion across 70 countries.
Commenting on the agreement, Erkki Liikanen, Chair of the IFRS Foundation Trustees, said: “At COP26 we heard strong support for consolidation in the sustainability reporting landscape. MoU to work towards an interconnected approach for sustainability disclosures. SOURCE: GRI.
After signing on to the Global Methane Pledge two years ago during the COP26 meeting in Glasgow, Canada released a methane reduction strategy in September, 2022 that affirmed the 75% reduction from 2012 levels by decade’s end, Guilbeault’s department recalled in a backgrounder published earlier today.
The formation of the Transition Plan Taskforce (TPT) was also announced at COP26 by then-Chancellor of the Exchequer, and now UK Prime Minister, Rishi Sunak, and officially launched in April 2022.
Speaking on a panel on “Stewarding Responsible Capitalism” at the WEF Forum in Davos, Liikanen revealed the goal, and commented on the speed with which the standards have been developed: “The aim is very concretely that they would be able to publish, adopt and issue the finalized standard by mid this year, which means in June.
More than half of the global utility solar projects planned for 2022, meanwhile, could be delayed or canceled due to a worsening supply chain, according to a new analysis. The utility solar industry is facing one of its toughest challenges just days ahead of COP26," Rystad Energy senior renewables analyst David Dixon said.
Report highlights Bloomberg’s work to mobilize the markets to fight climate change and its company-wide efforts to boost climate action in the lead up to COP26 Glasgow. To build momentum for COP26 in Glasgow, Bloomberg L.P. To build momentum for COP26 in Glasgow, Bloomberg L.P. SOURCE: Bloomberg. Bloomberg L.P.
On one hand, developing countries eyeing a switch from coal to natural gas to support higher penetration of renewables may be dissuaded by higher gas prices. EIA forecasts LNG prices will begin decreasing in the first quarter of 2022. Energy Information Administration expects U.S.
Asserting that competition policy should not “create an unnecessary obstacle to sustainable development”, the CMA guidance included advice on standard-setting agreements, which warned against the sharing of commercially sensitive information beyond that necessary for setting a standard, or imposing obligations on firms not wishing to participate.
The IFRS Foundation and Global Reporting Initiative (GRI) have adopted a formal agreement to collaborate and coordinate on the development of standards for sustainability-related disclosures. At COP26 we heard strong support for consolidation in the sustainability reporting landscape. Rapid consolidation.
The SSBJ was formed in 2022 under Japan’s Financial Accounting Standards Foundation (FASF) in order to develop sustainability reporting standards, in line with a legal framework to be developed by the FSA, and to contribute to international sustainability reporting standards, following the launch of the ISSB.
The ISSB was officially launched in November 2021 at the COP26 climate conference, with the goal to develop IFRS Sustainability Disclosure Standards, in order to provide a global baseline of disclosure requirements that can be used by jurisdictions on a standalone basis or incorporated into broader reporting frameworks.
According to the organizations, beginning in the 2024 disclosure cycle, thousands of companies reporting environmental sustainability data through CDP will begin doing so utilizing the IFRS S2 Climate-related Disclosures, currently under development by the ISSB.
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