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To achieve net-zero, let’s agree on one definition of success. Reaching the 2015 ParisAgreement goals requires bold action from all sectors and levels of our society. At the other extreme, a cautious, crystal-clear set of climate goals is too incremental in this time of emergency. Peter Boyd. Mon, 09/28/2020 - 01:30.
London-based HSBC Holdings says it will cease financing for the development of new oil and gas fields in order to tackle climatechange while carving out its Canadian unit from the policy change. Matt Price, director of corporate engagement for Investors for Paris Compliance.
Blue Zone events: WATER RESILIENCE AND CLIMATECHANGE. This SVA framework, designed to evaluate the effects of climatechange on water resources—from supply chains to distribution networks—has been applied in over 800 locations globally.
From a climatechange perspective, steelmaking is considered one of the "hard-to-abate" sectors. Looking forward, with customers, investors and policymakers increasing pressure to adhere to the ParisAgreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness.
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. trillion to coal, oil and gas companies in the five years since the ParisAgreement was signed, it calculates.
The 2022 Sustainable Banking Revenues Ranking shows global bankers are off to a slow start, but over time it will help guide consistency of reporting and provide an ongoing window into bankers’ progress in meeting the world’s ParisAgreement commitments. .
DESCRIPTION: The third edition of the Sport Positive Summit, supported by the International Olympic Committee (IOC), United Nations ClimateChange (UNFCCC) and other global sports organisations, was held in London last week. And while it is already a carbon-neutral organisation, it is committed to becoming climate positive by 2024.
As they prepare to rachet up their climate ambition, will the next round of nationally determined contributions (NDCs) help to unlock more capital flows? NDCs are national climate action plans and targets, ushered in under the 2015 ParisAgreement. This article was originally published here on the UN PRI website.
Serving as a negotiator to the series of ClimateChange COP events since COP21 (2015), where the ParisAgreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into landmark developments and prospects this year. I think we have experienced a lot of change since Paris.
DESCRIPTION: Climatechange is one of the most urgent global challenges. Ericsson will continue to address rising requirements and stakeholder expectations on the Company, particularly regarding transparency around climate-related business impacts. C ambition set by the ParisAgreement. SOURCE: Ericsson.
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.
We definitely agree we need to reduce our consumption of oil and gas as quickly as we can, but that doesn’t necessarily imply that we need to reduce our production of oil and gas,” Wouters said. . The report points to the Oil Sands Pathways to Net Zero alliance as indicative of the industry’s new-found commitment to tackling climatechange.
The launch marks the latest in a series of initiatives across jurisdictions to set up a classification system for the definition of sustainable economic activities, including taxonomy systems already established or in development in the EU , UK and Australia. Click here to access the Hong Kong Taxonomy.
The new guidelines detail the process and definitions behind the oil and gas subsidy phaseout. The definition covers initiatives that support fossil fuel consumption or activities, and funding that disproportionately benefits the fossil fuel sector.
Kevin Conrad, Executive Director of the Coalition for Rainforest Nations, says compliance carbon markets offer more effective support to the goals of the ParisAgreement. The Global Stocktake is a key process established under the ParisAgreement scheduled to take place at COP28 in Dubai.
Another climate summit has come and gone. The 28th Conference of the Parties of the UN Framework Convention on ClimateChange (COP28 to you and me) took stock of the world’s progress in limiting global heating to 1.5°C. C, as enshrined in the Parisagreement. Small islands Now let’s hear from the other losers.
Canadian Liberal MP Ryan Turnbull outlines the importance of building consensus to stimulate debate on environmental issues and accelerate climate-related policy. Canada has made slow progress on tackling climatechange. This blended finance initiative requires credible definitions as a foundational element,” he says.
Thierry Philipponnat, Chief Economist at Finance Watch, warns that economic modelling must evolve to prompt policymakers to take action on climate. As these perilous climate projections unfold, one might expect an inevitable upheaval in the global economy. The purpose is to evaluate the impact of climatechange on the financial system.
The threat posed by climatechange is motivating efforts around the world to improve corporate sustainability, reduce greenhouse gas (GHG) emissions and limit global temperature rise to 1.5°C C under the ParisAgreement. SOURCE: Applied Materials. DESCRIPTION: by Benjamin Gross, Ph.D.
Acting on ClimateChange Slowing climatechange requires swift action, innovative thinking and collaboration. Among the topics discussed at the event was the need for stronger recycled content definitions, including setting an industry standard to create an even playing field for manufacturers and brands.
Editor’s note : This is the first of two articles S&S will be publishing concerning climatechange and biodiversity. We cannot address biodiversity loss without tackling climatechange , but tackling climatechange is equally impossible without addressing biodiversity loss. Part two can be seen here.
International Olympic Committee news The Olympic and Paralympic Games Paris 2024 will set new standards for environmental responsibility, demonstrating how to hold global sporting events in an era of accelerating climatechange.
The Company thus set a strong base for fulfilling its future environmental goals and reaching the level of decarbonization required to meet the goals of the ParisAgreement, and early in 2022, Gildan signed the Science Based Targets initiative (SBTi) commitment letter. Received a “B” score on climatechange and water security from CDP.
Climate risk and resilience are largely modeled by insurance companies, looking at how a company’s assets may be affected by rising sea levels, extreme heat, increasing natural disasters and other future climate events as climatechange worsens. Clients need to vote with their money.
Supporting resilience and just transition are as important as climate mitigation, says Lihuan Zhou, Associate at the World Resources Institute’s Sustainable Finance Center. Sustainable investing is a key part of curbing climatechange, and the sector is showing some signs of progress. trillion from 2010-2019.
Despite the need for lasting conservation and widespread restoration, this unique biome is still under severe threat from deforestation, mining, agriculture, and climate-change induced droughts. C above pre-industrial levels, and the Kunming-Montreal Global Biodiversity Framework.
Around a third of the global population lacked economic access to healthy diets , the UN added – noting that food insecurity and malnutrition are worsening as drivers like conflict, climatechange, and economic downturns aggravate underlying factors. Finance is an issue.
The 2023 United Nations Conference of the Parties (COP28) marked the first Global Stock take to assess progress toward the ParisAgreement since its ratification in 2015 at COP21. What Does COP28 Mean for the Private Sector? What’s Next? To learn more about the capabilities of the EHS-Dashboard , schedule a demo.
General sustainability definitionsClimate risk Two types of climate risks exist, transition risks and physical risks. According to the EPA , transition risks are related to the transition to a lower-carbon economy, while physical risks are associated to the physical impacts of climatechange. Let’s get into it.
Building up steam Regulatory certainty is widely seen as needed to establish widespread and permanent trust in the market, but progress remains slow on finalising the carbon trading-focused articles of the ParisAgreement. “Nothing is negotiated in a bubble, and everything is up for negotiation,” said Puleston Jones.
C - 2° C compared to the pre-industrial era, to prevent the damaging effects of climatechange. Science-based targets show businesses how much and how quickly they need to reduce their GHG emissions to limit/counteract climatechange. C to avoid the catastrophic impacts of climatechange.
COP28 reminded investors of the difficulties involved in reaching inter-governmental consensus on intensifying climate action. It could also accelerate the nascent shift toward a broader definition of stewardship, as well as a possible rethink around the obligations of fiduciary duty.
Highlighting significant risks posed by the degradation of nature to the economy and financial system, the document proposes a new policy tool, based on the UK ClimateChange Committee’s Net Zero Pathways , giving the private sector clarity and guidance on how it can contribute to national and global environmental targets.
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. Let’s keep going.
“A key area that comes up over and again is this idea of communicating your voting policies and practices, and how that can have an outsized effect on the company at hand or even the wider market,” said Laith Cahill, Senior Specialist on Net Zero Stewardship at the Institutional Investors Group on ClimateChange (IIGCC).
Last weekend (9-10 December) saw a host of events dedicated to nature, land use, oceans and food systems, including a high-level plenary discussion on “the importance of action on nature in delivering the goals of the ParisAgreement”. C without nature, and that climatechange is one of the five main drivers of biodiversity loss.
DESCRIPTION: From droughts and wildfires to devastating flooding and the chronic impact on our biosphere, wildlife and humankind – the consequences of climatechange are everywhere and escalating. Combating climatechange is the challenge of our lifetime, and we’re taking action like never before. 70% of Mondel?z
With climatechange at the forefront of today’s environmental, social, and governance (ESG) discussion, and corporate ESG disclosures in focus, companies are being held more accountable for their overall environmental impact. By Kavya Dhir , G&A Institute Sustainability Analyst. What is a Green Building?
The Intergovernmental Panel on ClimateChange (IPCC) indicates that even if the world rapidly decarbonises, greenhouse gases already in the atmosphere and current emissions trends will make some significant climate impacts unavoidable through 2040. Since 2000 , over four billion lives have been impacted and US$2.9
Less remarked has been the very large number of lobbyists in Dubai acting on behalf of oil and gas companies, the very organisations with a vested interest, one may have thought, in blunting whatever initiatives emerged to limit climatechange by reducing CO2 emissions. InfluenceMap was founded in 2015 ahead of the ParisAgreement.
Unclear definitions and lack of disclosure of sustainability-themed investment products present greenwashing risks for ‘carbon neutral’ funds,” said Yuan Yuan, Climate and Energy Campaigner at Greenpeace East Asia.
In relation to climatechange, this could involve a company directly or indirectly influencing climate or emissions policy decisions to their advantage, while publicly marketing themselves as green. Climatechange is a systemic issue – one that cannot be solved by companies, consumers or investors alone.
The authors also emphasise the key contributions of nature-based infrastructure solutions to mitigation and adaptation objectives within the ParisAgreement. Moreover, because nature-based infrastructure by definition includes benefits for nature, it can help to halt and reverse the loss of nature.
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