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Drawing on longstanding pro-CO2 rhetoric in climate denialism, Policy Resolution #12 asks the government to scrap its decarbonization goals, remove the designation of carbon dioxide as a pollutant, and recognize the greenhouse gas as a “foundational nutrient for all life on Earth.” “I
As COP29 nations gather to discuss climate finance targets, they should know instinctively: You can’t invest in what you can’t measure. And the race to decarbonize that supply chain is intensifying, as reports indicate the earth may already have warmed more than the target 1.5 and the urgency has been ratcheted up again.
Our accredited partnership program is a crucial part of our efforts to support financial institutions in their efforts towards decarbonization and is key to accelerating the transition towards a more sustainable and equitable globaleconomy.
Green groups urge UN to raise climate ambition on global shipping. The global shipping industry's decarbonization efforts once again face stormy seas. degrees [of warming] we need to decarbonize by the mid-2030s," he explained. "To To achieve 2 degrees we need to decarbonize by mid-century. Cecilia Keating.
Even before all that, we’d been watching the real-world risks of climatechange looming and growing across the United States and around the world. But the report didn’t pussyfoot around the issues: “Climatechange poses a major risk to the stability of the U.S. snowstorm within 48 hours.
Foundations , celebrity philanthropists and tech giants alike have announced plans this year, with grand sums of money attached, to combat climatechange. What caught my eye about the Hewlett Foundation’s recently announced zero-emissions strategy is the specific focus on road transportation decarbonization. . and in Europe.
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.".
However, the company’s plan to invest up to $46 billion over the next 15–20 years to expand into an emissions-free iron process being piloted in Northern Sweden is big news for Sweden, the global steel industry and future generations around the world. Change requires exploration of new concepts and solutions.
The report is part of the Ceres Food Emission 50 initiative, an effort focused on decarbonizing the nation’s food sector. food sector have disclosed their climate transition strategies nor concrete actions to achieve them, despite increasing investor pressures and the growing threats of climatechange. SOURCE: Ceres.
The green groups behind the report have warned of an "alarming disconnect" between the global scientific consensus on climatechange and the ongoing practices of the world's leading banks. The banking sector maintains that serious change is afoot. The banking sector maintains that serious change is afoot.
president will be taking aim at legislation that resulted in nearly US$300 billion in private-sector investments in clean energy, battery manufacturing and clean power generation, most business leaders recognize that concerns about a worsening climate crisis will grow regardless of shifting political winds. While the new U.S. Telus Corp.
Originally published in Bloomberg's 2023 Impact Report Structural and systemic shifts accompanying climatechange, such as resource scarcity, new technologies and regulations, pose business risks and offer opportunities to issuers and investors globally. Reporting on the business and science of climatechange Bloomberg L.P.’s
In Taiwan, where I live and work, a large percentage of companies occupy an important position in the globaleconomy as major suppliers of goods across the industrial spectrum. Corporate procurement requirements are decarbonizing supply chains. Sponsored Article. Photo courtesy of José Miguel Salazar.
This is the fourth in a series of Q & As with the Ceres experts who are engaging with companies to decarbonize six of the highest-emitting sectors of the economy. Q: Why is the decarbonization of the banking sector so important? Banks are at the center of the globaleconomy. How can it be achieved?
The ensuing conversations — and, no doubt, many more to come — are a continuation of the learning journey I’ve been on for the past few years, seeking to understand the role of the financial sector in advancing sustainability solutions and a clean, decarbonizedeconomy. Even still, last week’s conversations were a real eye-opener.
Blackstone leaders joined the Bloomberg New Energy Finance Summit to offer their perspective on the challenges and opportunities presented by climatechange and the energy transition. Robert Horn is Global Head of the Sustainable Resources Group for Blackstone Credit. Jean Rogers is Global Head of ESG at Blackstone.
Despite the reductions in air travel and the global economic slowdown caused by the pandemic, climatechange sadly has not slowed down this past year. We have only until 2030 to get things on track for a net-zero and nature-positive economy — this should sharpen our minds for action. ClimateChange.
Global management consulting firm McKinsey & Company’s sustainability-focused platform McKinsey Sustainability and Moody’s financial intelligence and analytical tools unit Moody’s Analytics announced today the launch of a suite of solutions aimed at helping banks identify, measure, and act on climatechange-related risks and opportunities.
This year, the company was represented by a team of leaders, including Scott Tew, vice president of Sustainability; Jose La Loggia, president of Commercial HVAC EMEA; Helen Walter-Terrinoni, director of globalclimate policy; and Adnan Javed, general manager of Commercial HVAC for the Middle East. And we get to be a part of it.
Originally published on about.bnef.com BloombergNEF (BNEF) announced the winners of its 2024 Pioneers award, recognizing 11 early-stage companies working to introduce technologies and products that will accelerate globaldecarbonization and halt climatechange.
According to recent research, at least USD 10 trillion of insurance cover will be needed to decarbonize the energy, transport and building sectors – from insuring the construction of offshore wind and solar farms, to the provision of electric vehicle cover and heat pump warranties.
The new Deloitte Center for Sustainable Progress report, “Work toward net zero: The rise of the Green Collar workforce in a just transition,” presents a detailed look at the impacts of decarbonization, with a particular focus on the workforce., ” Click here to access the Deloitte report.
Understanding Climate Scenario Analysis What is climate scenario analysis? Climate scenario analysis is a strategic tool used by businesses to evaluate the potential impacts of climatechange on their operations, assets, and overall business strategy.
The fund invests in companies founded or run by diverse talent driving innovation to advance the low carbon economy in areas including supply decarbonization, electrification, tech enabled infrastructure, reliability and resilience, and intelligent demand.
Trade is the globaleconomy's lifeblood, with maritime transport at its core. But the carbon footprint of port operations and shipping is substantial, with shipping accounting for nearly 3% of global greenhouse gas emissions , according to the Organisation for Economic Co-operation and Development (OECD).
The guidelines set out MAS’ supervisory expectations for the financial institutions to have a sound transition planning process, enabling effective climatechange mitigation and adaptation measures by their customers and portfolio companies to manage the transition to a net zero economy, as well as the physical effects of climatechange.
Jimmy Samartzis, Chief Executive Officer of LanzaJet said: “We continue to build a leading team of investors along the SAF value chain who believe in LanzaJet’s ability to decarbonize aviation, which will both address climatechange and enable the globaleconomy.
Azadeh Sabour, Senior Vice President of Climate Solutions at Morningstar Sustainalytics, said: “As the effects of climatechange further materialize, companies are likely to face rising transition costs tied to decarbonizing the globaleconomy.
Every major economy has an industrial zone like the Port of Rotterdam, a place where smokestacks, pipes, and tanks tell one story of climatechange. Having presented the global risks from Arctic climatechange to audiences at the World Economic Forum at Davos each year, Gail is worried. C of warming.
UK-based bank Barclays will no longer directly finance new oil and gas projects, and will require its energy sector clients to produce transition plans or decarbonization strategies by the beginning of next year, according to a new “ClimateChange Statement” released by the bank.
This innovative resource - launched at the COP28 Nature Pavilion in Expo City, Dubai - helps organizations navigate the landscape of nature and climate assessment methodologies and disclosure frameworks and surfaces leading tools that enable meaningful nature and climate action that can improve their environmental and business performance.
In a letter from the organization to ING Group Chair Steven van Rijswijk, Friends of the Earth argued that under Dutch law, companies have a “duty of care” obligation to not create dangers that can cause avoidable damage to people or property, which it says applies to climatechange.
That happened recently when I thought to myself, “Huh…it seems to me that the burden of proof on climatechange has finally shifted in America.”. Climate Scientists and Advocates Have Satisfied Their Burden of Proof. It will cost too much money to decarbonize our economy,” they protest.
Achieving a whole economy transition will require common definitions of transition finance across the four strategies and common methodologies for measuring their impact on emissions. The principles outlined in the consultation document are designed to be voluntary, pan-sector and globally applicable.
CalPERS CEO Marcie Frost said: “Our 2030 strategy for sustainable investing is the next step in CalPERS’ efforts to improve our long-term investment returns while also making meaningful progress in the fight against climatechange.
The company has also been leading decarbonization initiatives among Brazil’s port terminals. For instance, it has invested approximately BRL 80 million in the electrification of RTGs (Rubber-Tired Gantry cranes) as part of its global strategy to neutralize 100% of carbon emissions by 2050. . -
We know that healthy forests provide clean air and water, nurture biodiversity and mitigate the harmful impacts of climatechange. And finally, to help close the loop, our recycling business recovers and transforms used materials back into the globaleconomy to create new products.
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. And as we head into 2022, climatechange must be a top priority for companies around the world. Take Action Across the Value Chain. within reach.
Ryan Levinson, Director of the Mirova Gigaton Fund, Head of Emerging Market Energy Transition said: “Today, more than 770 million people lack energy access in the world4 – mostly in Africa and developing Asia – regions with populations that are also the most vulnerable to the globalclimate crisis.
These efforts are part of companies’ efforts to measure and reduce their contributions to climatechange. This service offers customers a simple and transparent way to offset carbon emissions and take tangible climate action by supporting one of the United Nations’ climate action projects.
A lack of infrastructure and inadequate funding have been identified as the biggest barriers to using green hydrogen as an enabler of the energy transition and the decarbonization of the globaleconomy. We are currently working on several projects, notably to decarbonize the grey hydrogen used in our European refineries by 2030.
Tourism is projected to make up nearly 12% of the globaleconomy by 2033, but it is also poised to consume a troubling 40% of the world’s remaining 1.5°C trillion to global GDP in 2022, and the WTTC forecasts [pdf] that figure doubling to represent 11.6% Travel and tourism added US$7.7
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