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The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. The EU’s taxonomy has been particularly controversial because of its inclusion of natural gas and nuclear as “greeninvestments.”
The report indicated significant increases by listed companies in both emissions disclosure and climate commitments, with 35% of listed companies now reporting on at least some Scope 3 emissions, up from around 30% only seven months ago, and 44% setting decarbonization targets, an increase of 8 percentage points over the same timeframe.
This article was first published in Forbes Today 100 CEOs announced a push for governments to boost the business case for greeninvestment, in the run-up to COP29 in Azerbaijan. Another assessment is that companies may rely on carbonoffsets to achieve net zero rather than making significant reductions in their actual emissions.
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