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The European Commission tasked the Platform on Sustainable Finance (PSF) with drafting minimum safeguards under Article 18 of the Taxonomy Regulation to prevent greeninvestments from being labelled as ‘sustainable’ if they contribute negatively to selected social and governance themes. . Listed SMEs have until 2026. .
RELATED Canadian investors stand firm on ESG despite greenhushing trend, report finds The anti-DEI movement confronts an unlikely opponent: big banks Meet the four most sustainable funds on the market for 2025 Deadlines to submit reports starting in 2026 will be pushed back to 2028.
Green hydrogen has huge potential and multiple use cases, but cost concerns and operational risks linger. The world’s netzero future depends on introducing and upscaling clean technologies to neutralise and/or replace the hardest-to-abate CO2 emissions produced by carbon-intensive industries. achieve netzero by 2050.
In the race to netzero, Victoria Judd, Counsel at Pillsbury Winthrop Shaw Pittman, explains how the US is lapping the UK and EU in stimulating its green economy. The UK, meanwhile, is trailing behind in terms of greeninvestment. A good example of this is sustainable aviation fuels (SAFs) investment.
Carbon pricing has long been thought of as one of the most effective ways to migrate economies away from fossil fuel dependence to achieve netzero and limit global warming to 1.5°C. Shipping companies can also expect to gradually fall under the ETS, with 40% of their emissions covered from 2024, 70% by 2025 and 100% by 2026. .
Despite causing short-term supply issues, the IRA is set to have far-reaching implications for netzero transition strategies, domestically and globally. Further, from 2023, at least 40% of the raw minerals used in EV batteries must be sourced from North America, climbing to 80% from 2026. gigawatts (GW) by 2024.
Aconsequence of this pushback came on New Years Eve, when global financial behemoths Bank of America and Citigroup left the Net-Zero Banking Alliance, one of the investment industry climate coalitions championed by the United Nations. What does this mean for the year ahead? Climate disclosure.
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