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Policy Gaps Curbing Private Climate Finance Flows

Chris Hall

The gap between current climate investment and the funds needed until 2030 to achieve the net zero targets of the Paris Agreement currently stands at US$6 trillion annually, according to research from the Climate Policy Initiative (CPI) and law firm A&O Shearman, equating to approximately 6% of global annual GDP.

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AllianceBernstein Commits to Net Zero Pathway

3BL Media

degree Celsius pathway by 2050, in support of the Paris Agreement. As part of its net zero strategy for business operations, AB will continue its initiative to locate 85% of employees in green buildings by 2025 and will explore renewable energy options.

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Reflecting on COP27's Loss and Damage Fund Agreement

3BL Media

degrees Celsius (above pre-industrial levels) as outlined in the landmark Paris Agreement, through a collection of decisions. With the IPCC’s urgent reminder that global emissions must decline 45 per cent by 2030 to keep this limit alive, global emissions must peak by 2025. The Global Methane Pledge.

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ESG Today: Week in Review

ESG Today

Sustainable Finance Ericsson Issues Inaugural €500 Million Green Bond to Fund Network Energy Efficiency Initiatives Private Equity & Venture Capital Sustainable Building Tech Startup Vizcab Raises $5.5

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ESG Bond Issuance to Quadruple by 2025

Chris Hall

Inconsistent disclosures limiting growth, says Pictet/IIF report, with ‘climate-aligned’ bonds meeting supply shortfall. Global issuance of ESG-labelled bonds could reach US$4.5 trillion per year by 2025, according to new research by Pictet Asset Management and the Institute of International Finance (IIF).

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Take Five: Twin Peaks

Chris Hall

Discussions on a New Collective Quantified Goal (NCQG) on climate finance for the post-2025 period, which made little progress at COP28, should progress at next week’s Bonn Climate Conference, where the agenda will also include carbon credits , adaptation finance and the Global Stocktake, ahead of COP29.

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Time to Ramp up Bondholder Engagement with Sovereigns

Chris Hall

The 2025 deadline for submitting new nationally determined contributions opens the door for sovereign debtholders to push for credible net zero transition plans. At this year’s COP29 in Azerbaijan, the governments of developed countries will be required to establish a new climate finance goal.