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Coming at the end of what is going down as the hottest year on record, it was easy to feel that the annual meetings of signatories to the 1992 UN Framework Convention on ClimateChange (UNFCCC), plus the circus of non-governmental organizations, lobbyists and negotiators that has grown up around them, have failed to deliver.
Former chair of the Committee on ClimateChange Lord Deben believes the country can get back on track to net zero and regain its status as a global leader. When Glasgow hosted COP26 in 2021, bringing together 120 world leaders and more than 40,000 participants, the UK was seen as a world leader in the battle against climatechange.
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 If you want to know what HSBC's stance on climatechange really is, look at what they fund, not their fluffy marketing," he added. Pull Quote.
It first entered the climate justice lexicon back in 1992, during negotiations leading to the original United Nations Framework Convention on ClimateChange (UNFCCC), when the Alliance of Small Island States (AOSIS) submitted a proposal for a financial mechanism to address loss and damage from sea level rise.
They will also require massive amounts of capital from financial markets that still don’t adequately value the risks and opportunities associated with climatechange. Net-zero commitments proliferated ahead of COP26, held last November in Glasgow. We’re very far from where we need to be. But the good news is we can get there.
DESCRIPTION: The United Nations Glasgow ClimateChange Conference, also known as COP26, concluded in November with 200 nations signing the Glasgow Climate Pact (GCP), an agreement that could accelerate climate action and drive big carbon cuts. COP26 Reflects Increased Drive for Climate Action .
Wall Street is driving the climate crisis, and if banks want to be part of the solution, they have to start by being transparent about the extent to which they're currently part of the problem. "We Ben Cushing, senior campaign representative at U.S.
COP26 is about implementation and the actions of this decade. We don’t need a new ParisAgreement treaty – we need a global ratcheting up of ambition. Read the full story from IEEFA. And that is what we are seeing – there is a pull forward in ambition timetables as the race accelerates, and the… Read more →
NDCs are a major part of countries’ obligations under the ParisAgreement, outlining their interim commitments on the pathway to net zero. The country’s new pledges are key pieces of India’s updated Nationally Determined Contribution. to 3 billion tonnes of CO2 equivalent through forest and tree cover.
DESCRIPTION: PARIS and SHARM EL-SHEIKH, Egypt, November 10, 2022 /3BL Media/ — The Consumer Goods Forum (CGF) has launched the Net Zero Playbook for Consumer Industries in collaboration with its members, Accenture and the Race to Zero. KEYWORDS: The Consumer Goods Forum, Net Zero, Accenture, COP27, COP26, Race to Zero. link] #netzero.
Civil society organizations are gearing up to hold financial industry players accountable on the lofty commitments they made at COP26 in November. Ultimately, best practices come down to are we seeing year-over-year changes in their capital flows?”. It could also delay investments needed to help mitigate the impact of climatechange.”.
Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the ParisAgreement in the first place. ClimateChange. As the U.K. Shipping & Logistics. Corporate Strategy. Sustainable Shipping.
Current climate plans from the 193 signatory nations to the ParisAgreement are insufficient to achieve the goal to limit warming to 1.5°C, C, according to a new report from United Nations ClimateChange (UNFCCC), the UN entity tasked with supporting the global response to the threat of climatechange.
The throwaway global economy is fuelling the climate crisis with more than half a trillion tonnes of virgin materials consumed since the 2015 ParisAgreement, according to a report from impact organisation Circle Economy launched on 19 January. World leaders committed to limit climatechange to 1.5°C
The clear highlight of the conference finale was the “Loss and damage” agreement, with developed nations committing to set up a fund that would pay for climate-change related damage in poorer, vulnerable countries. According to COP26 President Alok Sharma, even maintaining last year’s progress proved challenging.
Summary: The 26th United Nations ClimateChange Conference of the Parties (COP26) will take place in Glasgow Scotland (UK) beginning on October 31, 2021. Download the document.
It seems unlikely that anyone involved in ESG investing would have missed the Intergovernmental Panel on ClimateChange (IPCC) Working Group III report published at the beginning of the week. The Asia Investor Group on ClimateChange (AIGCC) whose asset owners and managers have a combined AUM of over US$35.8 he asked.
A report published on 26 August by an independent group of experts warns that reaching net zero greenhouse gas emissions by 2050 is now “too little too late”, and will not achieve the long-term temperature goals identified in the ParisAgreement to limit global warming to 1.5°C C by the end of the century. We are now out of time.
This is the third in a three-part series exploring how Article 6 of the ParisAgreement can spur the clean energy transition. The new market-based instruments approved by Article 6 encourage international carbon trading, long seen as the likeliest way to incentivize global climate action.
The global goal for developed nations mobilize $100 billion in climate finance to their developing nation counterparts to mitigate and adapt to climatechange is expected to be met in 2023, and surpassed in following years, according to a new report released by Canada and Germany ahead of the COP27 climate conference.
Report highlights Bloomberg’s work to mobilize the markets to fight climatechange and its company-wide efforts to boost climate action in the lead up to COP26 Glasgow. This in turn helps markets to better understand how climate can impact businesses and economies. Supporting coherent, impactful climate action.
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 C temperature goal of the ParisAgreement alive, and to ensure a just transition. . We ask for the final COP26 decision texts to: . We ask governments at COP26 to:
Three weeks away from the 26th Conference of the Parties ( COP26 ), the World Biogas Association (WBA) is preparing to travel to Glasgow to represent the global biogas industry at the UN Climate Summit and demonstrate the value of the biogas industry in tackling climatechange.
The Sector Standard for Coal enables comprehensive and comparable disclosure on: How companies respond to climatechange mitigation demands , as reflected in the ParisAgreement, including plans to transition away from coal mining.
New scientific paper says we will not reach ParisAgreement without urgent ocean action. A scientific paper published in the peer review Journal, Aquatic Conservation says that measures to address climatechange and reach the ParisAgreement will not succeed unless the ocean is taken into account.
Our planet faces an unprecedented slate of climate risks, and world leaders are gathering at COP26 in Glasgow next month with a mandate to stave off disaster. Under the ParisAgreement , which the U.S. The ParisAgreement and the Copenhagen convention before it included national financial commitments.
It is heartening to see most corporate net-zero pledges clearly stating they don’t want to be left hanging, with words to the effect of “My organization makes this commitment with the expectation that governments will follow through on their own net-zero commitments to ensure that the goals of the ParisAgreement are met.”.
DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at how the carbon finance options defined at the 2021 United Nations ClimateChange Conference (COP26) can help cut greenhouse gas (GHG) reduction costs for power utilities and large energy consumers.
Waste reduction and management, while not glamorous, are increasingly seen as low-hanging fruit as the world seeks climate solutions that can help keep global warming below the 1.5° Celsius target adopted in the ParisAgreement. The Overlapping Climate Impacts of Waste .
Nearly three months after COP26, and six years after the ParisAgreement of 2015, why has so little happened to combat climatechange, and how can businesses take action? C Supplier Engagement Guide, we outline how to engage suppliers to take climate action. In light of the newly launched 1.5°C Read the 1.5°C
The European Council announced today that its member states have agreed on the EU’s negotiating position for the upcoming COP27 United Nations ClimateChange Conference, including calling on major economies to immediately ramp up their near-term climate goals, and to scale up climate finance support for developing countries.
DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at three Cooperative Approaches as a market-based path toward net zero in advance of the 2022 United Nations ClimateChange Conference (COP27). Four Ways Development Agencies Can Advance Carbon Markets.
Agreements were reached on targets for the Global Goal on Adaptation (GGA) and its framework, emphasizing the importance of resilience and the need for financial, technological, and capacity-building support. Technological Innovations: COP28 showcased various technological advancements and innovations aimed at combating climatechange.
A new report by SDSN’s Food, Environment, Land and Development (FELD) Action Tracker explores the extent to which key countries include transformations of food and land systems—necessary to meet both climate and Sustainable Development Goals—in their Nationally Determined Contributions submitted before COP26. To stay below 1.5°C
“Given the very stark message issued by the IPCC, it is crucial that the British Government shows leadership in fully integrating AD and biogas into its ParisAgreement and Net Zero targets”, she continues. There is no Net Zero without biogas.”, ”, Charlotte Morton concludes.
Andy Garraway, Senior Climate Policy Analyst at Risilience , insists that COPs are more than a talking shop and have been known to exceed expectations. Simon Stiell, Executive Secretary of UN ClimateChange, said: “This report puts the cards on the table – except this is not a game.
BMO Global Asset Management (EMEA), which is now part of Columbia Threadneedle Investments, has committed to continue to prioritise engagement with companies on major environmental issues including climatechange and biodiversity, as well as human rights issues and executive pay. Making companies ready for tomorrow.
When global leaders gathered at COP26 last year, governments pledged ambitious 2030 emissions reduction targets to achieve net zero by 2050. Since the early days of the Kyoto Protocol, carbon was the commodity of choice for measuring and offsetting the negative impact on the climate. Months on, the effects have been debatable at best.
NACW 2022 was an excellent time to meet again in-person after the long pandemic break from live events, and very timely as the world raises its ambitions to meet climatechange goals. SCS Global Services exhibited at the show and reconnected with long-time colleagues and friends in the carbon mitigation community.
There was a lot of media attention around COP26 last year where world leaders gathered to continue the work to uphold the actions promised by the ParisAgreement, 2015. Earlier this year, the UN released the latest IPCC report, which reaffirmed the urgent need for global action on climatechange NOW. C ambition.?We
This year’s COP26 summit is widely viewed as one of the last chances to fulfil the 2015 Parisclimateagreement and ensure meaningful progress is made towards tackling our net zero targets and the climate emergency. By Bill Ireland, Logan Energy. Policy-driven benefits. We must do more.
The new “ Transport NDC Tracker ” launched on 28 September by the International Transport Forum at the OECD monitors how transport appears in the decarbonisation commitments of the countries that have joined the ParisClimateAgreement. Climatechange cannot be stopped without decarbonising transport.
The fight against climatechange is a story half-written, and so far, big, powerful economies have mostly been the ones to tell it. That needs to change. Yet the goal of the 2015 ParisAgreement is to limit long-term temperature increases to well below 2 degrees—preferably 1.5 By Maria Teresa Zappia.
and avoiding the worst impacts of climatechange. . The G7 Communique shows a patchwork approach that failed to live up to the promise made just a few months ago at COP26. Such policies would also go a long way towards cutting emissions in half by 2030, keeping temperature rise to 1.5C
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