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1.5°C “Goalposts” Must Not Be Moved Post-COP28

Chris Hall

C temperature increase are moved it could jeopardise investor attempts to reach Paris Agreement targets. Climate change experts have warned 2023 is on track to be the hottest year on record, and last month BBC analysis found there had been a record number of days for breaches of the 1.5°C C pathway.

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“Insufficient” Action from Banks to Meet Climate Targets

Chris Hall

Not moving fast enough” According to the TPI Centre’s report, banks lack alignment with the Paris Agreement, with just 19% of their sectoral pathways being aligned with temperature goals of 1.5°C C or below 2°C in the medium term (2028-35), as well as lacking short- and long-term targets to map a clear pathway to net zero by 2050.

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Three New Business Models to Achieve Carbon-Reduction Goals

3BL Media

DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at three Cooperative Approaches as a market-based path toward net zero in advance of the 2022 United Nations Climate Change Conference (COP27). million by 2028 from an estimated $223 million in 2022. The market is predicted to reach $417.5

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How the ‘Global Stocktake’ Can Accelerate Climate Action

Chris Hall

Jamal Srouji, Global Climate Programme Associate at the W orld Resources Institute, says the Global Stocktake is a chance to correct course on climate. This year is a critical moment for climate action. But the report also illuminates a path forward that governments will need to follow to combat the climate crisis.

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Asian Energy Transition Gaining Momentum

Chris Hall

While Asia ’s energy companies are responding positively to climate-related engagements from investors as they demonstrate progress on net zero, decommissioning their most polluting plants remains a steep challenge. Meanwhile, Indonesia-based PLN aims to increase its renewable capacity by 20.9

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Amazon Bond a “Template” for Upscaling Carbon Removals

Chris Hall

A portion of the bond’s target investment returns will be linked to the value of the CRUs generated by these projects – with bondholders paid from 2028-33. There is a growing need for high-quality carbon removal projects to meet the goals of the Paris Agreement, Chilvers from Rathbones insisted.

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Options Still Open for Fossil Fuel Engagement

Chris Hall

The post Options Still Open for Fossil Fuel Engagement appeared first on ESG Investor.