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How to Re-establish the UK’s Lead on Climate Change

Chris Hall

However, subsequent Conservative prime ministers – Liz Truss and Rishi Sunak – “didn’t understand the urgency”, according to the Rt Hon John Selwyn Gummer, Lord Deben, Conservative Party peer and former chair of the UK’s Committee on Climate Change (CCC) from 2012 to 2023. It’ll be a mess.”

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

The announcement is meant to deliver on the 2023 subsidy phaseout deadline contained in Prime Minister Justin Trudeau’s December, 2021 mandate letters to Guilbeault and Finance Minister Chrystia Freeland. Carbon Capture Backed by Carbon Offsets?

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Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel

ESG Today

The company noted that emissions from oil products had already declined by around 9% in 2023 from the 2021 base, and said that the new target would represent a 40% reduction from 2016, including 8 percentage points caused by contracts being classified as held for trading purposes.

Net Zero 105
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All Systems go for Net Zero

Chris Hall

Now they must wait to see how signatories to the Paris Agreement act on the commitments outlined in the official response to the Global Stocktake, as well as multiple other pledges announced across the two weeks before that final text was signed, sealed and gavelled.

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Coal Phase-Out Negotiations Needed for Net Zero

Chris Hall

Alongside stranded asset dangers for investors, the early phase-out of emerging markets coal fleets leaves countries open to legal, financial risks. An increasing number of countries including the EU have exited the ECT, arguing that the treaty does not align with the goals of the Paris Agreement. This would lead to 1.5

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8

Net Zero 113
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Is the IMO Turning the Tide on Transition?

Chris Hall

On 7 July, at the 80 th Meeting of the Marine Environment Protection Committee (MEPC 80), IMO member states endorsed the regulator’s ‘ 2023 IMO Strategy on Reduction of GHG Emissions from Ships ’. What progress has the IMO made? C carbon budget by 2032. However, the sector will remain around 1.7°C lb) and sulphur dioxide (US$18/lb).