Remove 2025 Remove Paris Agreement Remove Stranded Assets
article thumbnail

How to Re-establish the UK’s Lead on Climate Change

Chris Hall

In September, the Labour government announced plans to set the UK’s nationally determined contributions for 2035 between November 2024 and February 2025. In addition, the government is due to agree the seventh carbon budget in 2025, which will cover the period from 2038-2042. It’ll be a mess.”

article thumbnail

The biggest carbon losers

Corporate Knights

Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the Paris Agreement. of Shell’s investments were classified as sustainable (a far cry from the 50% by 2025 target it has set for itself). But not all GHG reductions are equal. dollars) through 2030.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel

ESG Today

Commenting on the updated targets, Follow This founder Mark van Baal accused the company of “backtracking” on its climate ambitions, putting the company’s future at risk “through policy interventions, disruptive innovation, stranded assets, and accountability for the costs of climate change.”

article thumbnail

Beware the Green Swan

Chris Hall

Almost seven years since the Paris Agreement was signed at COP21, any number of initiatives have been launched with the aim of reducing greenhouse gas (GHG) emissions and limiting global warming to 1.5°C. The purpose is to evaluate the impact of climate change on the financial system.

article thumbnail

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 For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8

Net Zero 147
article thumbnail

Engaging with the Real Economy is the Key to Paris Alignment

Chris Hall

Aligning investment portfolios with the goals of the Paris Agreement requires engagement with the real economy, said Claudia Bolli, Head of Responsible Investing, Swiss Re. Speaking at the City Week financial services symposium in London, she echoed the views of the UN-convened Net Zero Asset Owner Alliance (NZAOA) that 1.5°C

article thumbnail

Is the IMO Turning the Tide on Transition?

Chris Hall

The EU’s FuelEU Maritime initiative is also set to apply from 1 January 2025. Starting at a 2% reduction in 2025 compared to 2020 intensity levels, it will increase to 6% by 2030, and eventually reach 80% in 2050. Some companies will start acting and some won’t; there’s more risk of stranded assets.” What role should investors play?