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Asset owners should track their contributions to climate change mitigation by calculating the greeninvestment ratio of portfolios and assets, according to a recent report by the Institutional Investors Group on Climate Change (IIGCC). . Comprehensive snapshot” .
billion by the end of the decade to remain Paris-aligned. According to the International Energy Agency, annual financing to the renewable energy sector needs to double from US$2.8 billion to US$4.7 Additional analysis from the ECB covering 95 banks suggested that 90% of them were exposed to climate transition risks.
This article was first published in Forbes Today 100 CEOs announced a push for governments to boost the business case for greeninvestment, in the run-up to COP29 in Azerbaijan. Beating the ParisAgreement’ is a huge statement to make. C global warming target. C, or “well below” 2°C, by the end of the century.
Physical and transition risk Climate-related risks to the global economy cannot be ignored, no matter the plans and impacts of the new US administration. Science points to the facts. Moreover, 60% of projects and 68% of the jobs are in Republican-controlled areas , making it politically difficult to dismantle these policies entirely.
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