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At COP28, Influential Investors, Companies, and Policymakers To Call for Greater Global Ambition and Accelerated Action To Limit Temperature Rise and Achieve a Net Zero Economy

3BL Media

Despite historic policy wins—such as the Inflation Reduction Act, which is driving a clean energy investment boom in the U.S.—the Recent sobering reports show that the world is not on track to meet the goals of the Paris Agreement and highlight the steps needed to keep the goals in reach.

Net Zero 113
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UK to Invest Over $1.2 Billion to Boost Green Industries

ESG Today

The new £960 million investment will be provided through a Green Industries Growth Accelerator to support clean energy supply chains across the UK, with investments focused on areas including offshore wind, electricity networks, nuclear, CCUS and hydrogen.

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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). Analysing US$16.4 trillion of the assessed asset managers’ equity fund portfolios, the report found that managers hold 2.8 Japan’s Mitsubishi UFJ’s portfolio was the most misaligned globally.

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Take Five: Ready to Engage

Chris Hall

Europe’s new code – As Ursula von der Leyen mulled over the composition of her top team for the next five years , the European Commission’s incoming finance chief was already getting advice on the future of sustainable investment. Three agencies are organising a series of six events – dubbed the NDCs 3.0

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Least Paris-aligned Firms are Most Engaged on US Climate Policy

Chris Hall

InfluenceMap’s data also shows that companies with worse grades and greatest misalignment with the objectives of the Paris Agreement have higher levels of engagement intensity. Both of these companies have a C+ performance band scores, which indicates mixed alignment with the Paris Agreement. .

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Human Rights as a Basis for Climate Litigation

Chris Hall

Olga Hancock, Head of Responsible Investment, Church Commissioners for England, explores the implications for investors of the EHCR decision on Swiss government inaction. In November 2023, I wrote about the links between human rights and climate change for investors. Since then, there have been significant developments.

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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.