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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 climatechange. "We We are committed to developing products that allow them to invest or participate in efforts to bring about a more sustainable globaleconomy.".
WRAP warns that food loss and waste have devastating impacts on society and globaleconomies too. The World Economic Forum estimates that food loss and waste costs the globaleconomy $936 billion a year, while more than 783 million people go hungry and a third of humanity faces food insecurity.
The latest UN climatechange summit (COP27) concluded, once again, with a tussle over the place of fossil fuels in the globaleconomy. An agreement by the world’s governments to phase out all fossil fuels would have been a welcome progression from last year’s Glasgow climate pact.
With more than one quarter of the globaleconomy committed to achieving net-zero emissions over the coming decades, it follows that the shipping sector will be under increased pressure from governments and private players to clean up its act. ClimateChange. As the U.K. Shipping & Logistics. Corporate Strategy.
Appointments of new COP26 President and Environment Secretary triggers renewed efforts to demonstrate the benefits of biogas for decarbonising the UK and globaleconomies. Ahead of COP26, the UK must show strong leadership and commitment on environmental issues or risk serious embarrassment.
One recent study found that net zero commitments now cover at least 68% of the globaleconomy. The sixth Intergovernmental Panel on ClimateChange (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
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.
Johan Rockström, who leads the Potsdam Institute for Climate Impact Research, has proposed a solution for the globaleconomy to rapidly reduce carbon emissions, a “carbon law” that would cut emissions in half every decade (and would apply to cities, nations and industrial sectors). What is the right speed?
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.
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.
CDP runs a global environmental disclosure system, enabling investors and other stakeholders to measure and track organization’s performance in key environmental sustainability areas including climatechange, deforestation, and water security.
Amidst the escalating impacts and threats of climatechange, heads of state, negotiators, climate scientists, activists and business leaders prepare to meet for COP27, taking place in Sharm El-Sheikh, Egypt. The consequences of inaction are already being felt globally, with the world’s vulnerable most severely impacted. .
Unfortunately, solving the problem of climatechange 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 climatechange on populations. Inflation has soared in many economies.
climate action and investments, as public and private sector leaders raise their ambition, deliver on commitments, implement policies to capitalize on the opportunities in the necessary transition to a zero emissions future, and ensure public finance to support adaptation and resilience for developing nations. November 3, 2022 /3BL Media/ -
The throwaway globaleconomy is fuelling the climate crisis with more than half a trillion tonnes of virgin materials consumed since the 2015 Paris Agreement, according to a report from impact organisation Circle Economy launched on 19 January. World leaders committed to limit climatechange to 1.5°C
These returns to landowners are only a portion of the much bigger value of the restoration economy, which includes valuable ecosystem benefits such as flood risk prevention, water filtration, and tourism, which come with creation of forests. Now there is a compelling business case for it, too.
DESCRIPTION: As the world continued to experience the direct and indirect impacts of the COVID-19 pandemic, including global supply chain disruptions, resource shortages, employment challenges and inflation – these have not been easy times. This tragic and terrible war, which we strongly condemn, unfortunately shows no signs of abating.
Between the news media and the protests, it would have been easy to get the impression that this year’s United Nations climate summit, known as COP26, was all talk and no action. The conference brought forth a slew of good news and formal agreements to implement bolder climate action. on climate action.
Here is one of our favorites: Stop feeling overwhelmed by the global effort to reduce CO2 emissions, says Nigel Topping, the High Level Climate Action Champion for the UN’s climatechange conference COP26. Take the global maritime shipping sector. How do these rules work in practice?
This past summer, one in three Americans experienced the future of climatechange and its repercussions of extreme weather , including hurricanes, floods, droughts, heat domes, and wildfires that now make summer the most dangerous season on earth. Global warming is dangerously close to spiraling out of control, a U.N.
This statement is the We Mean Business Coalition response to the Glasgow Climate Pact, agreed at COP26. . The Glasgow Climate Pact represents a vital step in our shared efforts to keep global warming to 1.5 °C Ahead of COP26, more than 750 businesses, employing 10 million people globally and with US$2.7
If the aim of restricting climatechange to within the Paris-agreed 1.5°C C increase over pre-industrial temperatures was hanging by a thread at the end of COP26, subsequent economic and geopolitical events appear to have dealt a blow to those ambitions – at least in the short term. Beast from the east.
Jose Pugas , Head of Responsible Investments and Engagement at JGP Asset Management , explains why scal ing -u p finance between the global north and south for nature-based solutions is essential to tackle climatechange and biodiversity loss. Brazil is the most biologically diverse country in the world.
We cannot separate the nature and climate crises. Biodiversity loss and environmental degradation are accelerated by climatechange but also, in turn, exacerbate its impact. To delay action means deliberately ignoring our responsibility to limit global temperature rise and protect the planet’s fragile ecosystems.
Along with 1000+ companies through the We Mean Business Coalition , we urge the G7 to lead a rapid and just transition away from fossil fuels to create a more stable globaleconomy where companies and the people we employ and serve, can thrive. . Sincerely,? ? .
Carbon offset markets have always been complex and controversial instruments to fight climatechange. We need to cut greenhouse emissions rapidly in this decade to avoid the catastrophic and unpredictable effects of climatechange. Offsetting is often a dangerous climate lie. Introduction. Greta Thunberg.
During lockdown, the globaleconomy was disrupted so severely that it triggered a shift in mindset among business leaders to recognise the importance of ESG issues in creating a more resilient future. “ When I attended COP25 (Madrid) in 2019, there was talk of the climate crisis, but there was not a lot of urgency,” she says.
The Global Commons Stewardship (GCS) Index is a composite of the latest breakthroughs in sustainability indicators, focusing attention on how countries are affecting the Global Commons both within their borders and through impacts embodied in trade and consumption (so-called “international spillovers”).
A court forced Shell to reduce emissions, an activist investor forced ExxonMobil to replace three board members better suited to fight climatechange, and Chevron shareholders voted against their board to achieve faster-cut carbon emissions. 4 – International Sustainability Standards Board (ISSB) announcement during COP26.
At COP26, the Glasgow Financial Alliance for Net Zero ( GFANZ ) declared a sector-wide commitment of US$130 trillion – a number that has increased over the year to US$150 trillion – of private capital to transition the globaleconomy to net-zero greenhouse gas emissions. It doesn’t make it certain.”.
It is safe to say that climate ambition has become mainstream. That’s over one third of the globaleconomy. C according to Climate Action Tracker. C and avoid the worst impacts of climatechange, governments need to raise NDC ambition further, set underpinning regulations and make the necessary investments.
COP26 in Glasgow, which many have called the finance and business COP, clearly demonstrated how this movement has become unstoppable. Our collaboration has served business and helped to accelerate action, by helping create a common action-platform and clear routes in for businesses.
Countries and companies have taken responsibility for climatechange and raised their carbon emissions reduction ambition. As a result, 91% of the globaleconomy and almost half of the 2,000 largest companies have net-zero pledges. At COP26 last year, we left with the feeling that businesses were committed to net zero.
Reducing methane emissions has taken center stage in the fight to address climatechange in recent years. and EU’s Global Methane Pledge at last year’s COP26climate conference. The pledge aims to reduce global methane emissions by at least 30% by 2030, compared to 2020 levels.
Answering A Question From COP26: “Hell Yes”. Jim Boyle, CEO of Sustainability Roundtable Inc, as a delegate of the Sustainable Innovation Forum at COP26 in Glasgow, Scotland. 3 Meanwhile, UNICEF had recently reported that more than a billion children currently faced “deadly” threats from human-caused climate breakdown.
And in light of these real criticisms there have been calls for more agile, regional, or even unilateral solutions. But long problems and evolving challenges, like poverty, food insecurity, conflict, AI, health, climatechange, biodiversity loss and migration, are not issues that can be solved in the span of a single political cycle.
SATURDAY 13 NOVEMBER – This statement is the We Mean Business Coalition response to the Glasgow Climate Pact, agreed at COP26. . The Glasgow Climate Pact represents a vital step in our shared efforts to keep global warming to 1.5 °C Anything less is incompatible with limiting global temperature rise to 1.5ºC.”
Environmental successes are easily overlooked in a world ravaged by climatechange, biodiversity loss, an ongoing global pandemic and attacks against democracy. The dystopian legacy of the former president is becoming increasingly clear to all but the willfully ignorant as is his politicization of climatechange and COVID.
Listen in to CleanTechnica’s most recent webinar, during which we demystified 2023 global energy trends. Last year world leaders gathered at COP26 to set targets for decarbonizing the globaleconomy and the table was set for the energy transition. Check out […]
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