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Canada isn’t alone in its climate contradiction. The 2023 Production Gap Report , released by UNEP, the Stockholm Environment Institute and other partners, found that 19 leading energy-producing countries are planning to extract twice as much fossil fuel supply in 2030 as the maximum that can be burned to keep the world on a 1.5°C
“Investors and companies are increasingly setting climate and nature targets, but once those are in place, they need to be thinking more about how to redirect capital [in line with these goals],” Ivo Mulder , Head of the Climate Finance Unit at the UN Environment Programme (UNEP), told ESG Investor. trillion in 2022.
The United Nations Environment Program (UNEP) released the Global Production Gap Report on 8 November 2023. Governments in aggregate are planning to produce more than double the amount of fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C.
The RCWs provide a platform for policymakers, practitioners, businesses and civil society to exchange on climate solutions, barriers to overcome, and opportunities realized in different regions.
The Gender Aspect of the Transition to E-Mobility A recent report from the United Nations Environment Programme (UNEP) on e-mobility in Kenya focused on the gender aspect of a just transition to e-mobility. Sun Run generates revenue through lease-to-use and lease-to-own models for the vehicles, and paid services of the charging hubs.
From the 2023 Sustainable Development Goals Summit and Climate Week NYC to the UN’s climate change conference COP 28 , the collective goal is to unite people worldwide to steer passion and innovation into tangible climate action solutions.
DUBAI, United Arab Emirates, November 28, 2023 /3BL/ - Ahead of COP28, the UNEP-convened Climate and Clean Air Coalition (CCAC), The Global Methane Hub (GMH) and Delterra are proud to announce their partnership to reduce methane emissions in the Global South. Learn more at: [link] and connect with us on LinkedIn & Instagram.
A ballooning carbon footprint compounds matters, as globally the buildings and construction sector is the largest emitter of greenhouse gases, accounting for 37% of global emissions, according to the United Nations Environment Programme (UNEP).
trillion in 2023, but notes that this still falls short of the estimated $4.8 The statement also acknowledges the policy progress made over the past few years, highlighting in particular the U.S.’ Inflation Reduction Act and the EU’s Fit-for-55, which has accelerated investment in global clean energy to $1.8
This is the 14th Emissions Gap Report. It is published ahead of the 28th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 28).
The UN Environment Programme’s (UNEP) 2023 Emissions Gap Report – aptly titled ‘Broken Record’ – clearly states that the world is a long way from limiting global warming to 1.5°C The ‘ 2023 LT-LEDS Synthesis Report ’ said that 97% of assessed LT-LEDS include adaptation-related information.
The UN Environment Programme (UNEP) has discontinued the Net-Zero Insurance Alliance (NZIA), which suffered an exodus of most of its members in spring 2023 due to antitrust risks.
The United Kingdom established plastic taxes in 2022, followed by Spain in 2023. At the same time, businesses themselves are furthering their commitment to sustainable practices through voluntary agreements, such as those proposed by the Ellen MacArthur Foundation and the United Nations Environment Program (UNEP).
” Strategic partnerships and next steps The World Biogas Association Congress Series was launched by WBA in New Delhi, India in November 2023, with the support of the Indian Ministries of Petroleum and Natural Gas and New and Renewable Energy.
Yamagata started bulk exports to regional markets like Australia and New Zealand in 2023, and Yuko’s team is also responsible for packing for export. Boehringer is working on sustainable optimization solutions for these issues in line with the work of the United Nations Environment Programme (UNEP).
The ISBT recently highlighted the ongoing risk that existing taxonomies were influenced by political considerations and corporate lobbying, rather than strictly following the science.
Physical and transition risks being incorporated into a more holistic approach by financial institutions, says UNEP FI report, as regulators increase scrutiny. Climate risk management tools are reflecting an increasingly integrated approach by financial institutions (FIs), according to a new report United Nations Environment Programme Finance Initiative (..)
Thu, 01/05/2023 - 15:45. The latest UNEP Emissions Gap Report found that as a global society we still do not have a credible pathway to achieve our common goal of limiting global temperature increase to 1.5°C. Reflecting on COP27 and Rallying for SBTi. Type of Content. Standard Format. A key takeaway from COP27?
We must act fast to reverse biodiversity loss time is not on our side (WWF, 2023) The Rome meeting was the second bite of the cherry after talks broke down at COP16 in Cali last year. Nature loss exacerbates climate change, undermines food security and puts people and communities at risk.
Romie Goedicke, Associate Lead of the Nature Programme at the UNEP Finance Initiative, outlines how a recent pilot project has helped financial institutions to better align with the goals of the Global Biodiversity Framework. The TNFD remains on track to publish its final recommendations in September.
This is one of three flagship schemes that were allocated government funding from the UK’s Natural Environment Research Council, as part of the Integrating Finance and Biodiversity Programme (IFB) launched in April 2023. The IFB also includes the Financing Green Sector Transitions and the Financing Biodiversity initiatives.
As of January 2023, green bonds had raised US$2.5 Also, the 2030 Kunming-Montreal Global Biodiversity Framework included a target to protect at least 30% of land and ocean globally by 2030 and in March 2023, the UN High Seas Treaty was agreed. trillion globally, according to the World Bank from a mere US$15 billion in 2013.
ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including WWF, UNEP, S&P Global Sustainable1, ISS ESG, and CHOOOSE. The Cyber Risk Score will be added to ISS’ Benchmark Governance Research and Voting reports for S&P 500 companies ahead of the 2023 proxy season.
It was supported by an informal technical expert group, and a founding partner group consisting of Global Canopy, UNDP, UNEP FI, and WWF, to develop recommendations for more effective nature-related disclosures in order to promote more informed investment decision-making.
July 25, 2023 /3BL/ - A new report released today by the Ceres Accelerator for Sustainable Capital Markets and the California Department of Insurance reveals that insurance companies are pursuing a wide variety of strategies to manage the increasing risks associated with climate change. Climate Risk Management in the U.S.
Founded in April 2021 by UNEP FI, the NZBA has 143 members overseeing US$74 trillion in capital. As of 30 September 2023, 96 member banks had successfully set net zero targets, with its next progress report expected this summer. As both thresholds were “comfortably cleared”. This has now been extended to capital markets activities.
Rigorous analysis is much needed after a 2023 voting season in which differences widened to a chasm , with the number of climate-related resolutions increasing, while levels of support diminished. And beyond its headline conclusion that we’re on track for only limiting climate change to 2.9°C,
After peaking in 2021 with a record $48 billion in global venture and growth equity investment, the sector saw a third successive year of decline in 2024, dropping to $30 billiona 14% decrease from 2023 and a 37% drop from its 2021 peak ( Sightline Climate ). billion ( Pitchbook ).
A 2023 study analysed more than 100,000 records of animals in the Clarion-Clipperton Zone (CCZ), finding that over 90% of identified species were unknown to science. In an appendix on relevant guidelines and reporting standards, the handbook does not list the UNEP FI report, the ICMA guidance, or the UNCTAD classification.
WORK PERIOD: July 1, 2023 – December 31, 2023 (possibility to renew) TITLE THIS POSITION REPORTS TO: Emma Torres, VP Americas, SDSN BACKGROUND The UN Sustainable Development Solutions Network (SDSN) has been operating since 2012 under the auspices of the UN Secretary-General. Support the establishment of partnerships (e.g.
In addition to the global stocktake, the UN Environment Programme’s (UNEP) Emissions Gap Report will soon be updated, illustrating the gulf between current commitments and the levels needed to avoid the worst climate impacts. Efforts to limit global warming to 1.5°C
But this is “pocket money” compared to the US$44 trillion of global GDP dependent on well-functioning ecosystems, according to the UN Environment Programme’s (UNEP) Climate Finance Unit (CFU). There is reason for cautious optimism in 2023, as the conditions emerge to propel NbS up the agendas of stakeholders globally.
Stronger wording might have been possible, but this was a big step in the right direction,” said Remco Fischer, Climate Lead, UN Environment Programme Finance Initiative (UNEP FI). That’s something that the markets and the investors need to navigate,” says UNEP FI’s Fischer. C in realistic reach. trillion in 2022. “The
Earlier this month, the UN Environment Programme (UNEP) published its 2023 ‘ Adaptation Gap Report ’, which highlighted that EMDEs’ forecast climate adaptation finance needs are now ten to 18 times larger than existing international public flows.
million hectares in assets under management, will upgrade its zero deforestation policies by 2023, while Signature will move all of its African farm holdings to regenerative agricultural principles by 2030. Nuveen, with 1.2
It represents not only a lost opportunity to feed food-insecure people but also a substantial contribution to greenhouse gas (GHG) emissions – an estimated 8 -10% of total global emissions , according to the United Nations Environment Programme (UNEP) , as well as 58% of all landfill methane emissions , according to the EPA.
The ISSB’s climate and general sustainability standards, which were created to serve as a global baseline for reporting across jurisdictions, are expected to be finalised in early 2023. Target 15 will likely be realised through the TNFD framework , with the final version expected to be published September 2023. .
General Motors announced it was delaying its plans to produce 400,000 EVs by the end of 2023 to mid-2024, citing battery supply issues. Frank Goguen, Portfolio Manager and Research Analyst at Newton Investment Management, notes automakers have been struggling with “major shortages of key components, such as semiconductors ”.
Nature does everything.” – the words of UNEP Executive Director Inger Anderson at Davos 2024 during a session exploring if the financial risks of climate change are under-priced. As a result, over 20,000 data points were collected since May 2023. This article first appeared in Forbes.
Despite the challenging macroeconomic environment, however, Cooper expects the strong focus on sustainable agriculture to drive VC deal activity and valuations higher in 2023. “T Big agriculture and big food have become active venture investors […] and are then buying these companies when they reach scale.”
“The alliance is doing exactly what it set out to do ,” Remco Fischer, Climate Lead at the UN Environment Programme Finance Initiative (UNEP FI), told ESG Investor. By 2023, financed emissions fell by 31% and 24% respectively compared to 2018 and 2019 base years.
As the world experiences record global temperatures and greenhouse gas emissions, the latest Emissions Gap Report from the UN Environment Programme ( UNEP ) found that current pledges under the Paris Agreement put the world on track for a 2.5–2.9°C C above pre-industrial levels. C above pre-industrial levels. C above pre-industrial levels.
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