Corporate Knights

FEBRUARY 14, 2023

The company is still committed to being net-zero by 2050, but observers say it’s a lot harder to see a pathway to reach such a goal without a stronger target for 2030. Follow This plans to introduce a resolution at BP’s annual general meeting in May calling for the company to align its 2030 targets with the Paris Agreement.

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Net Zero Stranded Assets Global Economy Paris Agreement 337

ESG Today

JULY 25, 2023

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.

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Stranded Assets Net Zero Clean Technology Global Economy 97

Chris Hall

MARCH 2, 2022

Last summer, the European Commission launched a raft of climate-related legislation – ‘ Fit for 55 ’ (Ff55) – to reduce net EU emissions by 55% by 2030 from 1990 levels. It includes a proposal for amending the 2009 Renewable Energy Directive to increase its target for renewables to 40% of its overall energy mix by 2030.

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Net Zero Stranded Assets Global Economy Supply Chains 98

Chris Hall

MARCH 31, 2023

Exercising influence Worldwide, i nvestments in nature-based solutions (NbS), such as reforestation, or flood recovery, need to more than double by 2030 to US$384 billion, and the newly agreed Global Biodiversity Framework calls for at least US$200 billion of private sector capital a year.

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Net Zero Supply Chain Supply Chains Stranded Assets 98

3BL Media

SEPTEMBER 29, 2023

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8

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Net Zero Divestment Banking Stranded Assets 113

Chris Hall

NOVEMBER 3, 2023

“The harsh reality is that emissions are continuing to rise,” says Philipponnat, adding that much of the discussion among policymakers has centred around reducing the CO2 intensity of our global economy. As these perilous climate projections unfold, one might expect an inevitable upheaval in the global economy.

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Paris Agreement Climate Change Stranded Assets Global Economy 94

Envirotec Magazine

MARCH 25, 2024

The report, titled ‘Sustainable fuels for shipping by 2050 – the 3 key elements of success’, appears to reveal that the EU Emissions Trading Scheme (ETS) and FuelEU Maritime Initiative (FEUM) i will see the cost of fossil fuels more than double by 2030. iii Transporting 80% of world trade, shipping is the engine room of the global economy.

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Shipping Net Zero Stranded Assets Global Economy 59