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All of these represent the surest pathways toward decarbonizing the globaleconomy, and all are ramping up to meet the commitments by governments to align with the goals of the Paris climate agreement. The paths from here to electrification and decarbonization are costly and complex. Sponsored Article.
Green groups urge UN to raise climate ambition on global shipping. The global shipping industry's decarbonization efforts once again face stormy seas. degrees [of warming] we need to decarbonize by the mid-2030s," he explained. "To To achieve 2 degrees we need to decarbonize by mid-century. Cecilia Keating.
Their mission is to work with JPMorgan Chase’s existing commercial relationship specialists to accelerate the flow of capital available to organizations that can play a role in decarbonizing other companies and industries. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article.
What caught my eye about the Hewlett Foundation’s recently announced zero-emissions strategy is the specific focus on road transportation decarbonization. . Therefore, primary funding from HF in the power sector goes to help these international governments meet their own goals of decarbonizing the power sector. Sponsored Article.
We are committed to developing products that allow them to invest or participate in efforts to bring about a more sustainable globaleconomy.". Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. "They care as citizens, consumers and business owners. BusinessGreen.
In the big picture, while this constitutes a significant step towards a decarbonized steel industry, the impact corresponds to less than 1 percent of the emissions from the global steel industry. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Chemicals & Toxics.
In Taiwan, where I live and work, a large percentage of companies occupy an important position in the globaleconomy as major suppliers of goods across the industrial spectrum. Corporate procurement requirements are decarbonizing supply chains. Sponsored Article. Finance & Investing. 30 Under 30.
This was hardly the first expression of concern about the potentially devastating economic impacts of climate change on companies, markets, nations and the globaleconomy. economy throughout this century, especially in the absence of increased adaptation efforts.” Sponsored Article. Finance & Investing. Risk & Resilience.
The banking sector maintains that serious change is afoot, pointing to much more stringent lending policies for coal firms and the on-going development of new guidelines and policies that it is hoped will decarbonize their portfolios over the next three decades. Decarbonization. Sponsored Article. Finance & Investing.
The ensuing conversations — and, no doubt, many more to come — are a continuation of the learning journey I’ve been on for the past few years, seeking to understand the role of the financial sector in advancing sustainability solutions and a clean, decarbonizedeconomy. Sponsored Article. Well, almost. Financing the transition.
The Ontario Power Authority has been absorbed by the Independent Electricity System Operator (IESO), and it is forecasting an eye-watering 60,000 MW of peak demand by 2050 for Ontario to successfully decarbonize the provincial economy. A version of this article was first published in the Globe and Mail.
For example, the Mission Possible Partnership gets leading heavy-industry companies, banks and governments to create investment-grade “net-zero” sector strategies in seven key areas of the globaleconomy — aviation, shipping, trucks, chemicals, steel aluminum and cement. Sponsored Article. Climate Change. Corporate Strategy.
The globaleconomy relies on air cargo,” notes Nehal Gautam in The STAT Trade Times, but “the relentless growth comes at a steep price.” There’s opportunity there, according to McKinsey’s Elliott Tinnes, Fernando Perez, and Matthew Kandel, exploring the challenges of “Decarbonizing logistics, Charting the path ahead.”
Evy Hambro, Global Head of Thematic and Sector Investing at BlackRock, and one of the managers of the new fund, said: “As transition materials companies prepare for significant growth, many are also focusing on reducing their own emission intensities.
The fund is classified as Article 9 under the SFDR regulation. Addressing climate change requires a reallocation of capital to decarbonizingglobaleconomies, particularly a clean energy transition in emerging markets.”
With €2 billion of commitments, this fund will spur on the deployment of up to €20 billion in assets of strategic value to the industry in the next six years, performing for our investors and helping to decarbonize the globaleconomy. The Fund is an Article 9 Fund under European SFDR regulations.
When you consider that there are more than 4 billion smartphones in use in 2022, including the one that you might be reading this article on right now, that’s a lot of emissions created from one single product. Closing thoughts I can’t help but think about how right Boulding was nearly 60 years ago about the future of our globaleconomy.
Tourism is projected to make up nearly 12% of the globaleconomy by 2033, but it is also poised to consume a troubling 40% of the world’s remaining 1.5°C trillion to global GDP in 2022, and the WTTC forecasts [pdf] that figure doubling to represent 11.6% This article was first published by The Energy Mix.
To decarbonize the globaleconomy in alignment with the goals established by the Paris Agreement, all economic actors in the real economy need to reduce their greenhouse gas (GHG) emissions sufficiently to align with required emissions pathways.
As asset managers and mutual fund advisory firms steadily move more sustainable and ESG-themed investment vehicles to market, they are being challenged by the European Union to “re-think” how they design and market ESG funds (known as Article 8 funds in the EU).
We urge them to steer us towards a clean global energy system and prioritising how we focus on increasing energy efficiency and renewable energy. Ahead of next week’s G7 Summit we shared our response to the FT article in the below letter: 17th June 2022. Letter to FT editor ?. letters.editor@ft.com . ? ? . Dear Editor,? ?.
It’s clear that clean energy is the growth industry to invest in now to attract investors and talent, cut costs and build resilience in the globaleconomy. It’s a critical moment for the UAE as the incoming Presidency for COP28 to show that they are in step with the world’s major economies. for every $1 spent on fossil fuels.
As a corporate professional focused on ESG, nature and decarbonization services, as well as the blue economy, I looked forward to gathering first-hand information that would help drive and contextualize this work. At the same time, the regions have uncovered important prospects for the globaleconomy.
A version of this article first appeared on Harvard Business Review. . COP26 focused the attention of governments and businesses on a key targe t: limiting global temperature rise to 1.5C by halving global emissions by 2030. Glasgow saw agreement on Article 6 finally reached, meaning that carbon markets are here to stay.
This article originally appeared on SME Climate Hub. Over the coming two weeks, business, government, and civil society will convene in Sharm El-Sheikh, Egypt for the COP27 Climate Summit, to align on climate policies and actions needed to decarbonize the globaleconomy.
Consequently, it is helpful to reflect on fundamental principles—and how decisions aligned with those principles can help create long-term value with diverse, global stakeholders. In January, a Latitude Media article highlighted a Princeton study that asserted too broadly that EAC procurement does not cause new renewable energy.
In this article, I’ll summarise key sustainability events defining 2021 and then present four sustainable ESG trends that will settle companies’ environment in 2022. As a result, 90% of the globaleconomy and a third of the 2,000 largest companies have net-zero pledges. read my article about carbon offset markets).
C pathway, coal-fired power generation must be phased out by 2030 for advanced economies, and 2040 for other countries. In referencing coal and fossil fuel subsidies specifically, the Glasgow Climate Pact emphasizes that their continuation are among the biggest obstacles for decarbonizing the globaleconomy at the required speed and scale.
A shorter version of this article originally appeared on Reuters Sustainable Business. Highly respected institutions such as the International Energy Association (IEA) and the Energy Transitions Commission (ETC) remain upbeat that the shift to a net zero globaleconomy is possible and well underway.
It establishes goals and a vision of building a decarbonized, climate-resilient, inclusive and equitable globaleconomy. This article was originally published here on WRI.org and was co-authored by Hayden Higgins, Communications Manager for the World Resources Institute’s Finance Center. .
And over additional 40 businesses have signed the World Green Building Council’s commitment to decarbonize the built environment across their portfolios and business activities. C is a campaign led by the Science Based Targets initiative in partnership with the UN Global Compact and the We Mean Business coalition. .
"We have an opportunity to extend the recent response of regulators, businesses and investors on climate change to nature; both are interrelated and both pose a systemic risk to the globaleconomy.". Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Leadership.
Companies poised to act early will find themselves at the forefront of the growth markets in the globaleconomy. This positions the UK as a leader in rapid decarbonization, setting a high benchmark for other developed nations. The UK will deliver its full plans in 2025.
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