Remove 2023 Remove Green Investing Remove Paris Agreement
article thumbnail

Zero: Oil industry’s plan for climate action? More fossil fuels

Corporate Knights

Not only have global oil producers generally failed to invest substantially in renewable-energy technologies; now they’re reneging on their green commitments. By our count in 2022 – seven years after the Paris Agreement – the vast majority of oil companies still earn less than 1% of their revenue from renewable sources.

article thumbnail

Here’s How Amazon’s Sustainability Pledge Is Going, 5 Years After Jeff Bezos Promised To ‘Beat The Paris Agreement’

We Mean Business Coalition

This article was first published in Forbes Today 100 CEOs announced a push for governments to boost the business case for green investment, in the run-up to COP29 in Azerbaijan. Beating the Paris Agreement’ is a huge statement to make. C global warming target. C, or “well below” 2°C, by the end of the century.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Asset Managers “Not Supporting” Climate Policy

Chris Hall

times more equity value in fossil fuel production companies (US$880 billion) than in green investments (US$309 billion). times more equity value in fossil fuel production companies (US$880 billion) than in green investments (US$309 billion). Analysing US$16.4 Analysing US$16.4 Schroders and BNP Paribas AM have a 2.7

article thumbnail

Engagement Alone Unable to Resolve Energy Impasse – PME

Chris Hall

Eight years since the Paris Agreement was adopted, the energy transition remains “stuck”, according to Spaargaren.

article thumbnail

ESG Bond Issuance to Quadruple by 2025

Chris Hall

According to the Climate Bonds Initiative, cumulative issuance under the Climate Bonds Standard, which requires science-based alignment to the goals of the Paris Agreement, passed US$210 billion last year, covering certified bonds and other debt instruments issued by 200 entities from 40 countries. Inconsistent information.

article thumbnail

Taking the Heat Out of COP27

Chris Hall

The fine print, including who is going to pay into the fund and how much, will be published at COP28 in Dubai, with a transitional committee planning to meet before the end of March 2023. . C is to remain achievable. .

article thumbnail

Renewable Energy Shift Unstoppable Despite U.S. Election Result

We Mean Business Coalition

The stakes are clear: without decisive, coordinated efforts, climate finance and policy frameworks will fall short of the $8 trillion in annual investment required to meet the Paris Agreement targets, according to the UN Emissions Gap Report. Recent IEA data shows $1.7