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Canada on the defensive as global pressure mounts to phase out fossil fuels

Corporate Knights

The 2023 Production Gap Report , released by UNEP, the Stockholm Environment Institute and other partners, found that 19 leading energy-producing countries are planning to extract twice as much fossil fuel supply in 2030 as the maximum that can be burned to keep the world on a 1.5°C

UNEP 269
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Could the video game industry be key to levelling up on climate action?

Corporate Knights

Many of the large tech companies that manufacture games and consoles, such as Microsoft, Apple and Google, have committed to reaching net-zero by 2030. Sony has pledged to be net-zero by 2040, and Activision says it will reach that target by 2050. Other companies have less ambitious targets.

UNEP 261
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New Investment Models Needed for Net Zero Goals Warns UNEP FI’s Carlin

Chris Hall

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.

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At COP27, Investors, Companies, and Policymakers Must Accelerate Urgent Action on the Climate and Water Crises To Cut Emissions in Half by 2030

3BL Media

climate action and investments, as public and private sector leaders raise their ambition, deliver on commitments, implement policies to capitalize on the opportunities in the necessary transition to a zero emissions future, and ensure public finance to support adaptation and resilience for developing nations. November 3, 2022 /3BL Media/ -

Net Zero 130
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Take-off for the Net Zero Transition  

Chris Hall

COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to net zero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to net zero, even by those who acknowledged its multiple caveats.

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$29 Trillion Investor Coalition Urges Government Policies Including Mandatory Climate Reporting, Sectoral Transition Strategies

ESG Today

trillion annually required to reach net zero emissions by 2050, and adds that policies to date have focused primarily on developed markets, while emerging markets and developing economies (EMDEs) are still facing significant underinvestment. trillion in 2023, but notes that this still falls short of the estimated $4.8

Net Zero 134
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Updated climate commitments ahead of COP26 summit fall far short, but net zero pledges provide hope, says UNEP report

Envirotec Magazine

C this century, according to the UN Environment Programme’s (UNEP) latest Emissions Gap Report 2021: The Heat Is On. The report, now in its 12th year, finds that countries’ updated Nationally Determined Contributions (NDCs) – and other commitments made for 2030 but not yet submitted in an updated NDC – only take an additional 7.5