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Concerns Raised as Banks Map Own Path to Net Zero  

Chris Hall

The Net Zero Banking Alliance (NZBA), which has 119 members and US$70 trillion in assets, has asserted its right not to follow toughened guidance issued by Race to Zero (RtZ), a campaign established by the UN to ensure non-state actors are taking science-led and ambitious action against climate change. . C pathway”. . Tough decisions” .

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A Nature-positive Economy

Chris Hall

At COP26 in Glasgow, the then-Chancellor of the Exchequer Rishi Sunak announced plans for the UK to become the world’s first net zero-aligned financial centre. Also at COP26, Sunak proposed launching the Transition Plan Taskforce (TPT) to develop a ‘gold standard’ for private sector climate transition plans, which WWF-UK was asked to join.

Net Zero 122
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What’s driving the push as institutions plow money into renewables?

Renewable Energy World

Its survey covered 62 banks, asset managers and other institutional investors. At COP26, commitments were made to end support for the fossil fuel energy this year. And private financiers joined coalitions aiming to scale up the deployment of capital required for the energy transition.

Net Zero 112
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Zero Waste vs. Climate Change: Why Waste Reduction Offers a Key Opportunity for Climate Action Through Private Enterprise

James Militzer

The World Bank estimates that the annual production of municipal solid waste is expected to grow to 3.4 And in addition to climate mitigation, there are a myriad of documented agricultural benefits of composting. billion tonnes by 2050 – an increase of roughly 70% over the global total in 2018.

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6 Key Tasks at COP27

Chris Hall

At the closing of COP26 in Glasgow in 2021, one of the headline questions centered on how countries would address the need for finance to address loss and damage , those impacts from climate change that are so severe communities are simply unable to adapt to them. Scale up support for adaptation.

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When Green is Gold

Chris Hall

Appetite for emerging market green, social, sustainability and sustainability-linked (GSSS) bonds has surged since the COP26 Summit which saw some of the world’s richest countries promise US$100 billion in finance for climate mitigation in developing countries. Recourse for misuse of funds.

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UN Ramps up Pressure on Financial Institutions 

Chris Hall

The toughened RTZ rules could help generate the momentum needed for banks to align their strategies more directly with their net zero ambitions, said campaign group ShareAction, which welcomes the commitment to end finance to new oil and gas projects. . “ Most of those banks are members of the UN-convened net-zero banking group. .