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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Achieving net-zero emissions shipping by 2050 is vitally important — and that means ambitious regulation coming into effect in 2023 will be required," said Grahaeme Henderson, Shell's global head of shipping and maritime. "It A statement provided by Shell welcomed signs that some form of new regulatory regime was on the way.

Shipping 436
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Canada is falling behind in global race to attract sustainable investments: Guilbeault

Corporate Knights

Larry Fink, the CEO of Blackrock pic.twitter.com/74a7wJCyLl — Steven Guilbeault (@s_guilbeault) November 2, 2023 Indeed, international analysts have rated Canada poorly when it comes to sustainable finance policies and regulations. For greenhouse gas reductions alone, the scale of capital required is enormous.

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An Increasing Sense of Urgency

Chris Hall

Climate Action Tracker described the amended goal a “significant step forward from the previous 26% reduction target” but said a 60% reduction was needed to put Japan on a 1.5°C We are working on moving from a comply-or-explain to a mandatory approach for certain ESG disclosure by asset managers.

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New Roadmap for “Drastic” Response to Global Stocktake

Chris Hall

C are far behind the “pace and scale” required, with experts calling for policymakers to close the global gap in climate action at COP28 later this month. Efforts to limit global warming to 1.5°C

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Leading by Example

Chris Hall

In March 2023, the UAE confirmed its net zero target as a domestic policy objective by signing the ‘ UAE Governments Net Zero 2050 Charter ’. According to independent scientific project Climate Action Tracker, this announcement does not provide any further details on the UAE’s strategy towards reaching net zero.

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Pace of Policy Response to Quicken

Chris Hall

In March, the Intergovernmental Panel on Climate Change’s (IPCC) AR6 synthesis report noted that, while there are “tried and tested” policy measures that can achieve deep greenhouse gas (GHG) emissions reductions and build climate resilience, they will only have an impact if “scaled and applied globally”.