Remove 2024 Remove Global Economy Remove Stranded Assets
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Canada to Phase Out Public Fossil Fuel Financing

ESG Today

Canada’s Environment and Climate Change Minister Steven Guilbeault said: “By eliminating inefficient fossil fuel subsidies, we are encouraging smart and efficient government investment decisions that can increase Canada’s competitiveness in a decarbonizing global economy, while avoiding creation of stranded assets.

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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 Financial institutions have a major role to play in decarbonising the economy toward net zero over the coming three decades.

Net Zero 113
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ESG Explainer: The Blue Economy

Chris Hall

With the global economy heavily reliant on ocean health, a sustainable future is paramount. To date, the ocean and its ecosystems have provided significant benefits to the global community, including climate regulation, coastal protection, food, employment, recreation and cultural well-being.

UNEP 98
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Cost parity for sustainable shipping fuels achievable by 2035

Envirotec Magazine

iii Transporting 80% of world trade, shipping is the engine room of the global economy. However, despite being the most efficient and environmental way to transport goods, it emits 2% of global emissions, equivalent to the annual emissions of Japan. Without action, this could increase by more than 45% by 2050.

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Is the IMO Turning the Tide on Transition?

Chris Hall

Impact assessments for the fuel standard and emissions pricing will be carried out over the course of 2024. Some companies will start acting and some won’t; there’s more risk of stranded assets.” What role should investors play? The EU’s FuelEU Maritime initiative is also set to apply from 1 January 2025.

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A deep dive into the rise of non-financial reporting and what it means for business

We Mean Business Coalition

Jennifer Laidlaw, accessed June 2024, < [link] > What does non-financial reporting cover? In April 2024, CDP rolled out a dedicated SME corporate questionnaire , which is a simplified version of their corporate questionnaire and allows SMEs to report voluntarily.

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COP26 Live Blog: All in for 1.5ºC

We Mean Business Coalition

It makes no long-term sense to continue pumping money into an asset that is already destined to eventually have no value — a stranded asset. With around 70% of the global economy now committed to net-zero greenhouse gas emissions, the urgency of exiting coal and completely phasing out fossil fuel subsidies is clear.

COP26 88