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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 ParisAgreement. Read article. But not all GHG reductions are equal. dollars) through 2030. Top Company Profile. Making the cut. BY Naomi Buck.
The document also holds out the possibility of subsidies for carbon trading deals under Article 6 of the Parisagreement, and for Indigenous participation in fossil fuel projects. I think we’ve got to be very careful about the LNG argument,” he told the Globe and Mail. Carbon Capture Backed by Carbon Offsets?
By: Chris Lewis, Global Infrastructure Leader at EY At COP27 in November last year, there was an overwhelming consensus that the target of lowering global temperatures by 1.5 ° C – as outlined in the historic ParisAgreement – is now at risk of not being met, unless the world acts now.
The idea to utilise voluntary markets is “a good one”, as it’s “part of the principle of ‘cooperative action’ enshrined in the ParisAgreement,” Guy Turner, CEO of specialist data, analysis and advisory firm Trove Research, tells ESG Investor. . “It Discussions around Article 6.4 Discussions around Article 6.4
And while there are instructive parallels with the catalytic impact of the ParisAgreement on identifying and mitigating climate risks by the private sector, there are also important differences. For investors and companies with assets within those key biodiversity areas, this raises the issue of strandedassets.
Delaying those actions “would lock in high-emissions infrastructure, raise risks of strandedassets and cost escalation, reduce feasibility, and increase losses and damages.” This article is republished from The Energy Mix. Read the original article. The dangers of overshooting 1.5°C We need to be very clear on that.
C and implement the ParisAgreement and will be welcomed by the business community. C temperature goal of the ParisAgreement alive, and to ensure a just transition. . It makes no long-term sense to continue pumping money into an asset that is already destined to eventually have no value — a strandedasset.
As stated in the most recent IPCC report we know with unequivocal clarity that fossil fuels are the leading cause of climate change and that we must quickly move away from them if we are to keep temperatures from exceeding the upper threshold limit contained in the ParisAgreement (2 degrees Celsius above pre-industrial norms).
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