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Speaking at ESG Investor’s inaugural Stewardship Summit, UNEP FI’s Head of Climate Risk says transition finance flows to developing economies are too low to meet net zero targets. The post New Investment Models Needed for Net Zero Goals Warns UNEP FI’s Carlin appeared first on ESG Investor.
The UN Environment Programme’s (UNEP) 2023 Emissions Gap Report – aptly titled ‘Broken Record’ – clearly states that the world is a long way from limiting global warming to 1.5°C Adaptation bonds are among the potential vehicles for private investment, but policy action is still needed at COP28.
Every year more than 2 billion tonnes of municipal solid waste (MSW) is produced across the planet, as shown in the UN Environment Programme’s (UNEP) Global Waste Management Outlook 2024. It’s very much driven by UN SDGs and the UNEP priorities,” Mollin explained. billion tonnes. The economic cost is also substantial.
Speaking at ESG Investor’s inaugural Stewardship Summit, UNEP FI’s Carlin says transition finance flows to developing economies are too low to meet net zero targets. Carlin said different thinking was needed from investors to tackle the lack of transition finance going to the emerging and developing world.
“The release of this framework on nature-related target setting is a significant step, offering practical direction for financial institutions to initiate transitions toward a nature-positive future.” Asset managers and owners are advised to establish initiation targets by 2026 and sectoral, engagement, and portfolio targets by 2030 or earlier. (..)
The UN Environment Programme (UNEP) says: “This vulnerability is driven by the prevailing low levels of socioeconomic growth in the continent. UNEP wants to see more investment diverted towards supporting African countries in meeting their nationally determined contributions (NDCs). This is the case in Africa.”.
Last year, Volkswagen similarly announced delays to its EV ambitions, with its flagship EV project Trinity being pushed back from 2026 to 2030 and putting plans for a new European battery plant on hold. General Motors announced it was delaying its plans to produce 400,000 EVs by the end of 2023 to mid-2024, citing battery supply issues.
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