Renewable Energy World

DECEMBER 3, 2021

SSE Renewables and joint venture partner Equinor have reached financial close on Dogger Bank C, the third phase of the offshore wind farm based in the UK. The total investment in Dogger Bank Wind Farm will be approximately £9 billion ($12 billion), with around £3 billion ($4 billion) allocated for phase C including offshore transmission.

Banking 106

Banking Net Zero COP26 Manufacturing 106

Envirotec Magazine

JULY 15, 2021

A communiqué signed by UK mayors and local leaders calls for a ‘power shift’ from Whitehall so that local and regional authorities can deliver Net Zero. Ensuring the new UK Infrastructure Bank has a Net Zero mandate to deliver local investment in Net Zero projects. license ).

Net Zero 98

Net Zero Climate Change Zero Carbon COP26 98

Envirotec Magazine

NOVEMBER 22, 2019

“With the UK hosting COP26 in Glasgow in 2020, the country’s actions will be under close scrutiny and there will be nowhere to hide if we fall short of doing our part,” said Kiran Sura of PwC. Achieving the UK’s commitment to achieve net zero emissions by 2050 will require an annual decarbonisation rate of 9.7%.

Net Zero 84

Net Zero COP26 Smart Grid Climate Change 84

Chris Hall

OCTOBER 24, 2022

The future stability of the Glasgow Financial Alliance for Net Zero (GFANZ) is under scrutiny after a member group appeared to distance itself from updated UN-endorsed rules for achieving net zero emissions by 2050. . NZBA open letter highlights risks from divergent responses of stakeholders to climate emergency. .

Net Zero 52

Net Zero Banking Climate Change Development 52

Chris Hall

APRIL 12, 2022

The Science-Based Targets Initiative (SBTi) has set out four guiding principles for financial institutions (FIs) to follow to ensure their net zero strategies are consistent with action required to meet “planetary level” emissions targets, in keeping with wider sustainability and societal climate goals. C above pre-industrial levels.

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Net Zero Banking COP26 Paris Agreement 52

3BL Media

SEPTEMBER 15, 2022

climate action and investments, as private and public sector leaders raise ambition commitments and policies to capitalize on the opportunities of the net zero transition. But to meet our climate goals and complete the transition to a just and inclusive net zero economy by 2050, more work lies ahead.

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Net Zero Banking Climate Change COP26 130

Chris Hall

NOVEMBER 9, 2022

Sharm El Sheikh sees progress on accountability and transparency of net zero pledges, but many admit need for regulatory intervention. . New mechanisms for keeping private sector climate promises have taken big steps forward at COP27 this week, while major banks provided limited visibility on their path to net zero. .

Net Zero 52

Net Zero Banking Paris Agreement Climate Change 52

Chris Hall

JULY 26, 2024

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. Including nature in transition plans is critical because we won’t achieve net zero without tackling nature loss,” Ellis argued.

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Net Zero COP26 Development Climate Change 122

ESG Today

OCTOBER 19, 2022

The ruling referred to ads displayed in bus stops in London and Bristol in October 2021, in the run-up to the COP26 climate conference, promoting HSBC’s initiatives to provide up to $1 trillion in finance and investment to help clients transition to net zero, and to help plant 2 million trees.

Net Zero 122

Net Zero Greenwashing Banking Paris Agreement 122

Renewable Energy World

NOVEMBER 24, 2021

Indian Prime Minister Narendra Modi’s announcement in the first days (much to the surprise of Indian observers) that India would reach net zero emissions by 2070 and generate 50% of its energy from renewables by 2030 helped lower that trajectory to 2.4°C. C this century, well beyond the 1.5°C Watch this unfold this coming year.

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COP26 Net Zero Bend the Curve Greenwashing 93

Chris Hall

JUNE 17, 2022

Climate negotiators, Wall Street executives and pretty much anyone involved in efforts to decarbonise the planet were left in little doubt that the path to net zero means constant improvement and rigorous scrutiny. The post ICYMI, the Path to Net Zero is Getting Steeper appeared first on ESG Investor.

Net Zero 52

Net Zero Greenwashing Digital Transformation Impact Investing 52

Chris Hall

FEBRUARY 14, 2022

Banks could face a stormy AGM season, driven by investor concern over their ongoing financial support for oil and gas firms, which are already braced for a slew of shareholder proposals demanding greater transparency over their net zero transition plans. Among the banks targeted are JP Morgan, Bank of America and Citi.

Banking 52

Banking Net Zero COP26 Paris Agreement 52

Chris Hall

MARCH 8, 2022

UK energy utilities are responding positively to engagement efforts by institutional investors aimed at incorporating just transition principles into their net zero strategies, but there are wide differences between leaders and laggards. SSE and EDF demonstrate alignment with best practice, but laggards fail to report.

Net Zero 98

Net Zero Supply Chains Supply Chain Banking 98

Carlos Sanchez

NOVEMBER 24, 2021

While some recognise carbon offsets markets as key for us to achieve net-zero emissions world by 2050 by funnelling cash into cost-effective projects, others believe credits are a dangerous distraction that allows polluters to pay their way out of the problem. Introduction. 1 – 1.5ºC emission pathway (Source McKinsey & Co).

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Carbon Offsets Net Zero COP26 Climate Change 59

Renewable Energy World

NOVEMBER 10, 2021

There has been a shift at this year’s summit, from making pledges to reach net zero emissions by 2050 to a focus on actions to cut emissions by 2030. The international financial community formed a broad alliance of firms committed to net zero, attracting accusations of greenwashing. That’s a start. Big deals, big claims.

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Net Zero COP26 Climate Change Banking 74

Chris Hall

JULY 15, 2022

When global leaders gathered at COP26 last year, governments pledged ambitious 2030 emissions reduction targets to achieve net zero by 2050. For corporations, VCCs can be used to satisfy their net zero targets so as long as their actions comply with and are verified based on internationally-recognised standards such as PAS2060.

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Net Zero Paris Agreement COP26 Climate Change 98

Environmental Finance

SEPTEMBER 7, 2022

Climate scenarios for central banks and supervisors have been updated to include national 'net zero' commitments at the COP26 climate conference in Glasgow, ahead of a move to broaden the potential application of the scenarios to private financial institutions.

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Net Zero COP26 Banking 56

3BL Media

MARCH 1, 2022

Holding the companies accountable on their commitments to net zero targets will help ensure the implementation of net zero strategies, through financial institution engagement, including a decline of coal, oil and gas within portfolios. Georgina has joined Acre’s Sustainable Finance and Impact Investing practice.

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Net Zero Climate Change Supply Chains Supply Chain 130

ESG Today

JANUARY 9, 2023

The Government of India will issue its first-ever green bond this month, according to an announcement by the Reserve Bank of India, with plans to raise approximately US$2 billion to support green infrastructure projects aimed at reducing the carbon intensity of the economy.

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Green Bonds Net Zero COP26 Social Sustainability 109

ESG Today

JANUARY 26, 2023

The Government of India’s first ever issuance of green bonds met strong demand, with orders exceeding the offering size by more than 4 times, earning the bonds a 5-6 basis point “greenium,” or a favorable yield spread relative to similar issues lacking green credentials, according to results released by the Reserve Bank of India (RBI).

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Green Bonds Net Zero COP26 Climate Change 107

3BL Media

JULY 15, 2022

But as more countries and companies commit to net-zero carbon emissions goals, they’re steadily gaining attention from investors as a tool to accelerate carbon reductions. In fact, volunteer market offset activity hit US$1 trillion for the first time in 2021, according to the World Bank. Academia is on board too.

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Carbon Offsets Climate Change Net Zero COP26 130

Chris Hall

MAY 12, 2022

The Glasgow Financial Alliance for Net Zero (GFANZ) is “ready to work” with other stakeholders on a “more granular breakdown” of finance’s role in fossil fuel expansion, replacement and reduction, UN Special Envoy on Climate Action Finance, Mark Carney, said yesterday. C net zero transition.

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Stranded Assets Net Zero COP26 Banking 52

Chris Hall

OCTOBER 6, 2023

GFANZ is smoothing the way for patient capital, which is critical to Indonesia and Vietnam’s climate transition efforts. To be able to fulfil this commitment, barriers to private finance in each country need to be identified and resolved, Carr said. Committed firms engage with this challenge through a working group that we run,” Carr said.

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Net Zero Banking COP26 Development 72

Envirotec Magazine

JUNE 30, 2021

In the aftermath of BREXIT and in view of COP26 in Glasgow in November 2021, the UK has been focussing on decarbonisation in relation to its infrastructure and power offerings. This renewed energy and focus on the energy transition is good news to ensure we continue to move towards the UK’s net zero targets.

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Net Zero Supply Chains Supply Chain Shipping 105

Chris Hall

JUNE 22, 2022

On the investment side, many managers have signed up to the Net Zero Asset Managers (NZAM) initiative, are using the Institutional Investors Group on Climate Change’s Net Zero Investment Framework to set and monitor targets, and have joined the investor-led initiative Climate Action 100+. .

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Net Zero Paris Agreement Banking Climate Change 52

Chris Hall

SEPTEMBER 27, 2023

The Glasgow Financial Alliance for Net Zero (GFANZ) will be delivering half of the financial commitments made to Indonesia and Vietnam. To support emerging market climate transitions, developed countries and private investors are drawing up an ambitious blueprint, but is it working?

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Net Zero Development Banking Green Bonds 86

Chris Hall

JULY 8, 2022

Not following suit – The European Central Bank (ECB) said banks do not yet sufficiently incorporate climate risk into their stress-testing frameworks and internal models. Further, almost two-thirds of banks’ income from non-financial corporate customers stems from GHG-intensive industries. Going, going … green?

Net Zero 52

Net Zero Banking COP26 Climate Change 52

Chris Hall

DECEMBER 2, 2022

In response, a coalition of multilateral development banks (MDBs) used COP27 to release a statement promising to make it easier for developing countries to access climate finance. Alok Sharma [President of COP26], was speaking on similar terms both at the Egypt summit and at World Bank annual meetings this year.”.

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Net Zero Climate Change Banking COP26 52

Chris Hall

DECEMBER 15, 2023

For the record, the final text called on parties to contribute to “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science”.

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Net Zero Banking Paris Agreement Supply Chains 83

Chris Hall

MAY 19, 2023

At COP26, institutions managing more than US$130 trillion in assets committed to reaching a state of net zero before 2050. The UK banking sector has seen a huge reduction in branches since the 1980s. The post Banking on Change: Reducing Emissions in Financial Services appeared first on ESG Investor.

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Banking Supply Chains Supply Chain CDP 52

3BL Media

JULY 15, 2022

According to research from retail bank Aldermore, SMEs invested an average of £61,250 into their own sustainability operations during the last 12 months, with the average SME planning to spend a further £78,392 (an increase of 27 per cent) in the coming year, despite the increased cost of living.

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Carbon Offsets Net Zero COP26 Banking 130

Envirotec Magazine

SEPTEMBER 30, 2021

Coal-fired power plants in Ulaanbaatar, Mongolia (image credit: Asian Development Bank , CC BY-NC-ND 2.0 ” The document from the Climate Crisis Advisory Group (CCAG)[1] sets out seven recommendations that it believes global leaders at COP26 must consider to make carbon pricing more effective. license ).

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Net Zero Climate Change COP26 Paris Agreement 52

3BL Media

AUGUST 18, 2022

We have committed ourselves to reduce our Scope 1 and 2 carbon equivalent emissions 50% by 2030 and to achieve net-zero Scope 1 and 2 carbon equivalent emissions by 2050. Baker Hughes also sponsored the Hydrogen Europe report on the role of hydrogen launched at COP26. Stakeholder engagement.

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Development Net Zero Supply Chains Supply Chain 148

Chris Hall

SEPTEMBER 23, 2022

The future of his Glasgow Financial Alliance for Net Zero was in question after media reports that major US banks were threatening to quit rather than accept legal risks that might arise from tougher membership rules. No denying it – Not everyone in New York was pulling in the same direction.

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Net Zero Paris Agreement Banking UNEP 52

Chris Hall

OCTOBER 28, 2022

In an accompanying commentary , UNEP Executive Director Inger Andersen said: “I urge every investor, public and private, to put their capital towards a net zero world. It also places considerable store by the ability of the recently announced Net-Zero Data Public Utility to provide transparency on transition progress.

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Net Zero UNEP Climate Change COP26 52

James Militzer

FEBRUARY 2, 2022

That much was confirmed at last year’s COP26 climate summit. A “ fair and just transition ” to an environmentally sustainable economy was a key theme at COP26, acknowledging that energy access and climate goals can work hand in hand, and that the world’s most vulnerable cannot be left behind in the green energy transition.

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Climate Change COP26 Development Net Zero 98

Chris Hall

MAY 3, 2022

The UN-convened Net-Zero Asset Owner Alliance (NZAOA) says asset owners need to take a multi-pronged approach to climate engagement to ensure investee companies are decarbonising in line with their net zero portfolio targets. How are investors responding to slow progress on climate engagement?

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Net Zero Divestment Greenwashing COP26 52