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“Insufficient” Action from Banks to Meet Climate Targets

Chris Hall

Action by banks to reach net zero emissions and meet climate goals is “insufficient”, according to two reports which also highlight significant gaps in the policies guiding the sector’s transition. 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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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. Cost of inaction The International Energy Agency (IEA) recently published an updated Net Zero Roadmap, which called for ambitious action to limit global warming to 1.5°C. trillion in 2023 to US$4.5 C pathway.

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Three New Business Models to Achieve Carbon-Reduction Goals

3BL Media

Looking at Cooperative Approaches as a Market-Based Path Toward Net Zero. 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). SOURCE: Tetra Tech.

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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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Robeco to Target Sustainable Fashion, Ocean & Climate Sustainability, ‘Forever Chemicals’ in Corporate Engagements

ESG Today

Under its ongoing “acceleration to Paris” theme, initially launched in late 2021, Robeco said that it will place a greater emphasis on speeding up the transition of business models to meet the Paris Agreement temperature goals, targeting high-carbon companies lagging behind in the net-zero transition.

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Is the IMO Turning the Tide on Transition?

Chris Hall

With global trade highly dependent on shipping, achieving net zero may put wind in the sails of other industries’ climate ambitions. For the first time, the IMO has also agreed on an overarching objective to achieve net zero greenhouse gas (GHG) emissions by or around 2050.

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COP28 Clears Path to Integrity for VCMs

Chris Hall

of the Paris Agreement will realise the potential of carbon markets globally, but progress remains slow. Finalisation of Article 6.2, text, issued on 11 December, includes a proposal for the Subsidiary Body for Scientific and Technological Advice to continue its consideration of whether Article 6.4