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$29 Trillion Investor Coalition Urges Government Policies Including Mandatory Climate Reporting, Sectoral Transition Strategies

ESG Today

trillion annually required to reach net zero emissions by 2050, and adds that policies to date have focused primarily on developed markets, while emerging markets and developing economies (EMDEs) are still facing significant underinvestment. trillion in 2023, but notes that this still falls short of the estimated $4.8

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Investors Demand Comprehensive Plans at COP29

Chris Hall

A letter from 534 financial institutions representing US$29 trillion in assets under management called for policy action in five areas to accelerate private sector investment in a “ just transition to a climate-resilient, nature-positive, net-zero economy”.

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NZBA Sets More Ambitious Climate Targets

Chris Hall

Alliance extends net zero targets to capital markets activities, as frameworks provide more tailored approach for banks’ transition strategies. The new capital markets targets will come into effect from 1 November 2025, while the rest of guidelines’ updated second version is effective from 22 April.

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Turn Commitments into “Hard Numbers”, says GFANZ’s Carney

Chris Hall

Financial institutions need to segment their portfolios into transition, net zero-aligned and stranded assets and develop clear emissions reduction plans in line with recognised 2030 and 2050 targets, said Mark Carney, Founder and Co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ). Heading for the exit?

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Time for a fair phase out of fossil fuels

Corporate Knights

C above pre-industrial levels, according to the United Nations Environment Programme (UNEP). Retiring coal power plants early will, in 2025, cost an estimated US$164 billion, according to research from American non-profit RMI – a small price to pay when climate disaster damages topped US$210 billion worldwide in 2020 alone.

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Take-off for the Net Zero Transition  

Chris Hall

COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to net zero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to net zero, even by those who acknowledged its multiple caveats.

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Nature-based Solutions “Good Value for Money” – UN 

Chris Hall

A rapid doubling of funding for nature-based solutions (NbS) by 2025 can achieve a ‘triple win’ for environmental sustainability goals, but must be accompanied by an end to ‘nature-negative’ price-distorting subsidies, a new UN report said. . Currently, the private sector contributes just 17% (US$26 billion) of total investment in NbS.

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