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SUMMARY: The need for climate finance – the local, national, or transnational financing that enables climate change mitigation and adaptation – was much debated at COP26. Bridging the Funding Gap at COP26: Governmental Pledges. Bridging the Funding Gap at COP26: Private Sector Initiatives.
DESCRIPTION: LAUSANNE, Switzerland, December 20, 2022 /3BL Media/ - Tetra Pak has been recognised for leadership in corporate transparency and performance on climate change and forests by global environmental non-profit CDP , securing a place on its prestigious ‘A List’ for the fourth year running. C without nature.
At the recent United Nations COP26 climate summit in Glasgow, diplomats from nearly 200 countries struck a major agreement to increase the fight against climate change — establishing a consensus that more must be done to protect the planet. The whole digitalization journey goes hand-in-hand with decarbonization: they support each other.”.
The most recent UN climate conference, COP26, highlighted the role of forests and agriculture in ways we have not seen before. COP26 saw over 30 major financial institutions announce their intentions to eliminate the leading sources of commodity-driven deforestation from their portfolios.
And of course, during COP26 we saw more than 100 countries and 30 global financial institutions sign on to a commitment to stop forest loss and land degradation by 2030. As a business, you’ll soon be expected to disclose how you’re tackling biodiversity challenges alongside your decarbonization efforts.
We saw new highs of ambition within one of the hardest-to-decarbonize sectors, as Cemex, Holcim and Titan become the first cement companies to set 1.5°C-aligned New guidance and tools were launched to further support companies on the path to decarbonization. C-aligned science-based targets. In fact, this has been a COP of action.
Finally, we had the Conference of the parties COP26, where countries and businesses increased their climate ambition. Among several requirements, companies will need to reach deep decarbonization of 90-95% before 2050. As an example, according to CDP 2021 supply chain report , upstream emissions are 11.4
Moreover, according to CDP, supply chain emissions are on average 11.4 According to Dexter Galvin, Global Director of CDP Supply Chain, there are six benefits of setting a science-based target. Besides, it could use sustainability reporting platforms such as CDP. times greater than those generated from companies operations.
G7 host Japan is to be the first country to house a dedicated chapter of the Glasgow Financial Alliance for Net Zero (GFANZ), an investor-led climate action coalition created during COP26 in 2021. Energy The Malaysian government is developing a new strategy to expand renewable energy use and boost its domestic clean energy industry.
SATURDAY 13 NOVEMBER – This statement is the We Mean Business Coalition response to the Glasgow Climate Pact, agreed at COP26. . An updated draft proposal was released by the COP26 Presidency this morning, on the last official day of the conference. READ THE FULL STATEMENT HERE > FRIDAY 12 NOVEMBER – ANALYSIS: .
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