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With sustainable investment, its the same story, Heaps says. That greeninvestment is key to a more sustainable future, telling us where companies are going as opposed to where they currently derive their revenues. Sustainable capital expenditure is growing twice as fast as all other capex.
Building on previous commitments that increase greeninvestments or restrict financing to certain high-emitting activities, recent pledges add to growing evidence that banks are taking a more holistic approach to the climate emergency.
Samuel Miller McDonald, a geographer and the author of a forthcoming book on the science and history of progress, steers a middle ground and warns against listening to commentators who make strident claims in one direction or the other. Is the nuclear industry using a smokescreen of net-zero to cover up its sustainability problems?
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But Europe is perhaps in a better place than certain other jurisdictions that are struggling to get similar rules on the statute books. With China nearing peak emissions, dominating solar power installation and accelerating EV and wind turbine production, a faltering in its greeninvestment revolution would have far-reaching consequences.
Our analysis also shows that financial companies appear to overestimate the share of their loans and investments on their books that are covered by the Taxonomy. Estimation Models: Enhance estimation model descriptions, detailing the methodology, especially if relying on external data providers.
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