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COP26: Statement from the We Mean Business Coalition

We Mean Business Coalition

As we approach the critical final stages of COP26, the We Mean Business Coalition is calling on governments to take bold decisions to keep the 1.5°C Businesses around the world have set ambitious science-based targets , and are investing in climate solutions and disclosing progress toward reducing emissions.

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Setting science-based targets to combat climate change

We Mean Business Coalition

COP26 focused the attention of governments and businesses on a key targe t: limiting global temperature rise to 1.5C by halving global emissions by 2030. The Glasgow Climate Pact made clear that the days of coal and fossil fuels are numbered, that carbon markets are here to stay, and that deforestation must come to an end.

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Observers reflect on a disappointing COP26

Envirotec Magazine

The COP26 Youth Climate Protest in Glasgow on 5 November (image credit: PMGphotog / Shutterstock.com). While COP25 in Madrid had seen the launch of many such schemes by big polluters like Shell, Total and BP, with COP26 we could now see these schemes taking a central place in the draft agreement. Carbon capture.

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Ukraine is ‘Matrix Moment’ for Climate Change

Chris Hall

Unfortunately, solving the problem of climate change is more complex than taking a blue or red pill. Bold decisions on climate policy can all too easily be reversed. This momentum might have been catalysed by concerns as to the effect of climate change on populations. Inflation has soared in many economies.

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Food waste contributes 10% to global emissions but 9 out of 10 countries’ NDCs fail to focus on food waste and loss

Envirotec Magazine

WRAP warns that food loss and waste have devastating impacts on society and global economies too. The World Economic Forum estimates that food loss and waste costs the global economy $936 billion a year, while more than 783 million people go hungry and a third of humanity faces food insecurity.

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Impact on Carbon: How the EcoVadis Network Supports Companies in Tackling Emissions

3BL Media

One recent study found that net zero commitments now cover at least 68% of the global economy. The sixth Intergovernmental Panel on Climate Change (IPCC) report , published last August, was unequivocal that without an unprecedented, rapid reduction in emissions, the world is on track to exceed 1.5 °C

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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

In an open letter to its clients, HSBC CEO Noel Quinn said the bank had been motivated to ramp up its environmental ambition by customer concern about climate change. "We We are committed to developing products that allow them to invest or participate in efforts to bring about a more sustainable global economy.".

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