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The crypto industry was supposed to decarbonize by 2025 - how’s that going?

Corporate Knights

The second aim states that signatories should achieve net-zero emissions from electricity consumption by 2030. Is Bitcoin the next stranded asset? The post The crypto industry was supposed to decarbonize by 2025 - how’s that going? RELATED: Ethereum goes green overnight. But there's a catch.

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Canada is sleeping on the energy transition

Corporate Knights

While European firms like TotalEnergies, BP and Eni plan to curtail production by 2030 and dramatically increase their capital expenditures on renewables, Canadian energy firms plan to expand production by 30% by 2030, growing at a rate that would overshoot Canada’s 2050 target for the oil and gas sector’s emissions by 94%.

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The biggest carbon losers

Corporate Knights

This year, Corporate Knights set out to identify global companies that have decarbonized faster than their peers while simultaneously increasing revenue. 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. dollars) through 2030.

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AB: China's State-Owned Enterprises Hold Keys to Carbon Neutral

3BL Media

President Xi Jinping announced in 2020 plans to target peak CO 2 emissions by 2030 and to transition toward carbon neutrality by 2060. For China, decarbonization considerations are tightly tethered to economic development and continued growth. Case Study: Stranded Assets and the Economics of a Chinese Power Plant.

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IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets and cost escalation, reduce feasibility, and increase losses and damages.” But there’s still time to take action if countries pick the right decarbonization options and scale up fast. The dangers of overshooting 1.5°C

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The Largest U.S. Pension Fund Just Rolled Out a Climate Transition Plan Focused on Risk and Opportunity

3BL Media

managing $446 billion, announced plans to invest $100 billion in climate solutions by 2030. Europe, Japan, and China that are driving increasingly ambitious corporate activity and new financial investment opportunities in electric vehicle manufacturing, decarbonizing buildings, greening the grid, and advanced manufacturing.

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Canada to Phase Out Public Fossil Fuel Financing

ESG Today

Canada’s Environment and Climate Change Minister Steven Guilbeault said: “By eliminating inefficient fossil fuel subsidies, we are encouraging smart and efficient government investment decisions that can increase Canada’s competitiveness in a decarbonizing global economy, while avoiding creation of stranded assets.