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ClimateActionTracker described the amended goal a “significant step forward from the previous 26% reduction target” but said a 60% reduction was needed to put Japan on a 1.5°C Adequate disclosure is critical if the ESG funds are to avoid “being ridiculed as “greenwashing”, it said.
In the developed world, countries still have to internalize, politically, that bills are coming due – both at home and abroad – after decades of delaying action on climatechange. The ClimateActionTracker estimates the global average temperature increase based on national policies.
Canada is lagging in its efforts to drive private capital into sustainable investments to finance solutions on climatechange and other environmental challenges. German-based consortium ClimateActionTracker rates Canada’s climate-finance policies as “highly insufficient” – essentially a D grade.
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