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As the global community steps up to accelerate urgent action against climatechange, a multitude of sustainability events are taking place over the next few months to make critical progress towards a healthier planet. What is the 8th Asia-Pacific ClimateChange Adaptation (APAN) Forum? What is the forum theme this year?
Reducing emissions from deforestation and forest degradation is necessary to achieve the goals of the ParisAgreement and ensure a safe and livable climate, with recent research by UNEP suggesting action on forests could deliver around 20 percent of the emissions reductions needed over the next decade.
DESCRIPTION: The 27th United Nations (UN) Conference of the Parties (COP), which took place this November in Sharm El Sheikh, Egypt, marked a significant milestone in developing action against climatechange. Loss and Damage’ Fund Agreement. Mitigation Work Program’ Development. degrees celsius.
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.
Jessica Smith, Nature Lead at the UNEP FI, says it’s time for biodiversity to take its place alongside climate in investor priorities. Smith says there needs more understanding of the progress already made aligning finance with climate risk, which is set out in Article 2.1c of the ParisAgreement on ClimateChange. “We
A letter from 534 financial institutions representing US$29 trillion in assets under management called for policy action in five areas to accelerate private sector investment in a “ just transition to a climate-resilient, nature-positive, net-zero economy”. NDCs are expected to play a central role at this year’s COP.
The global economy relies on the health of the ocean, says Dennis Fritsch, Project Coordinator, Sustainable Blue Economy Finance at the United Nations Environment Programme Finance Initiative (UNEP FI). UNEP FI is working towards integrating the use of sustainable finance practices in support of ocean health by the global financial community.
COP28 represents a critical, and perhaps the last opportunity for Parties and non-state actors to deliver on the ambitions of the ParisAgreement to limit global average temperature increase to 1.5°C Consequently, investment portfolios may remain exposed to sustainability risks from climatechange.
Thus, they can play a critical role in making next year’s COP26 of the climate convention and COP15 under the biodiversity convention a success. Thus, they can play a critical role in making next year’s COP26 of the climate convention and COP15 under the biodiversity convention a success.
COP27 must boost Africa’s adaptation to the physical risks of climatechange, says Amal-Lee Amin, Head of ClimateChange at British International Investment. Africa contributes less than 3% to global emissions but is the most vulnerable continent in the world to the negative impacts form climatechange.
Published by Systems Change Lab, the report is a joint effort between the Bezos Earth Fund, Climate Action Tracker (a project of Climate Analytics and New Climate Institute), ClimateWorks Foundation, the UN ClimateChange High-Level Champions and World Resources Institute (WRI).
limit suggested in the ParisAgreement requires comprehensive action by all signatories. It will be led and co-chaired by the Director-General of the United Nations Industrial Development Organization (UNIDO) and the President of the Sustainable Development Solutions Network (SDSN).
Nevertheless, progress by the UNFCCC has been steady – a milestone was achieved at COP21 in Paris with the creation of the Non-State Actor Zone for Climate Action, now the Global Climate Action Portal (GCAP), that highlights actions non-state actors are taking to address climatechange.
With adaptation finance flows remaining dangerously low to meet climate goals, has COP28 made a difference? Developed countries have also been asked to prepare a report on doubling by COP29. billion fund.
Nature-based infrastructure solutions can influence 79% of all targets across the Sustainable Development Goals, highlighting the critical role nature can play in advancing sustainable development, climate action and biodiversity conservation, according to a new report by the UN Environment Programme (UNEP), UNOPS, and the University of Oxford.
The practical realities of the finance sector’s climatechange commitments were in focus this week. Speaking in New York , UNEP Executive Director Inger Andersen, noted that ‘30×30’ is just one of 21 elements of the draft framework, and urged governments to go beyond commitments to “hold each other and ourselves to account”.
Noting that the number of court cases being brought against companies on climate-related grounds has recently topped 2,000, the report says some plaintiffs are seeking to recover the costs of climatechange itself, or the expense caused by having to adapt to it. Resort to the courts. Vital role of non-execs.
Dutch Finance Minister Sigrid Kaag reportedly said at COP that she didn’t know whether far-right Dutch leader Geert Wilders, who is trying to form a governing coalition in the Netherlands, will be able to implement some of his pledges, such as exiting the ParisAgreement or dismantling green funds.
The economic consequences of the COVID-19 pandemic caused CO2 emissions from buildings and construction to fall significantly in 2020, but a lack of real transformation in the sector means that emissions will keep rising and contribute to dangerous climatechange, according to the 2021 Global Status Report for Buildings and Construction.
How can communities halt deforestation and restore degraded nature to address climatechange? In this session, the Council will present engineering solutions for the energy transition and some key recommendations to serve as critical engineering inputs to COP negotiations.
Within its leading indicators approach, the TNFD has established ‘core global’ and ‘core sector’ disclosure metrics. Like the TCFD, the TNFD is developing a global framework for risk management and disclosure, not a standard.
C higher than in the pre-industrial era, the physical effects of climatechange have already started to materialize. ([1], Natural disasters have always occurred, but climatechange is making them more frequent and more intense. C objective of the ParisAgreement would of course significantly limit these impacts.
Further, a recent report by the UN Environment Programme (UNEP) and the Sabin Center for ClimateChange Law at Columbia University, showed that climate litigation is becoming an integral part of securing climate action and justice.
In November, governments will convene in Glasgow under the UN Framework Convention on ClimateChange. Natural climate solutions for mitigation and adaptation will be high on the agenda, as illustrated by the recent G7 Nature Compact and the Leaders’ Pledge for Nature signed by 88 heads of government.
trillion AUM. “The alliance is doing exactly what it set out to do ,” Remco Fischer, Climate Lead at the UN Environment Programme Finance Initiative (UNEP FI), told ESG Investor. Now that the rubber has hit the road, we are showing [how] promises have led to targets and targets have led to members taking action.
On the other side of the Atlantic, President Joe Biden’s administration has created new climatechange units at agencies like the Treasury Department or the Federal Trade Commission to improve their efforts in regulating greenwashing. Science-aligned emissions reductions across all Scopes are fundamental to a credible climate strategy.
3 keys for scaling nature-based solutions for climate adaptation. In Indonesia, climatechange is already a pernicious threat. And mature mangroves can store nearly 1,000 tons of carbon per hectare, thus mitigating climatechange while also helping communities adapt. Jonathan Cook. Wed, 06/17/2020 - 00:30.
Potential for Paris-aligned gains to replace Russia-inflicted short-term pain at COP27. If the aim of restricting climatechange to within the Paris-agreed 1.5°C Yet, as the latest United Nations Environment Programme’s (UNEP) annual gap report shows, policies currently in place point to a 2.8°C
“Investors and companies are increasingly setting climate and nature targets, but once those are in place, they need to be thinking more about how to redirect capital [in line with these goals],” Ivo Mulder , Head of the Climate Finance Unit at the UN Environment Programme (UNEP), told ESG Investor. trillion in 2022.
The UN Environment Programme’s (UNEP) 2023 Emissions Gap Report – aptly titled ‘Broken Record’ – clearly states that the world is a long way from limiting global warming to 1.5°C Adaptation bonds are among the potential vehicles for private investment, but policy action is still needed at COP28.
This is the assessment of Eric Usher, Head of the UN Environment Programme Finance Initiative (UNEP FI) which brings together the United Nations and the financial sector to develop responsible investment agendas. When it comes to government, Usher is also positive about the progress made in terms of climatechange policy, but he has caveats.
Ahead of the conference, the data had been collected and analysed, with assessments delivered on the effectiveness of actions taken to date, primarily in the form of signatories’ nationally determined contributions (NDCs) to the ParisAgreement. UN ClimateChange’s NDC synthesis report found they would collectively only deliver a 5.3%
New and updated climate commitments fall far short of what is needed to meet the goals of the ParisAgreement, leaving the world on track for a global temperature rise of at least 2.7°C C this century, according to the UN Environment Programme’s (UNEP) latest Emissions Gap Report 2021: The Heat Is On.
Speaking at ESG Investor’s inaugural Stewardship Summit, UNEP FI’s Head of Climate Risk says transition finance flows to developing economies are too low to meet net zero targets. The post New Investment Models Needed for Net Zero Goals Warns UNEP FI’s Carlin appeared first on ESG Investor.
As negotiations unfolded at the Bonn ClimateChange Conference earlier this month, the politicisation of an existential and global threat was clear to see. What made negotiators’ incremental progress even more frustrating was that the squabbling was underpinned by the realities of a rapidly warming planet.
Speaking at ESG Investor’s inaugural Stewardship Summit, UNEP FI’s Carlin says transition finance flows to developing economies are too low to meet net zero targets. We estimate around 25 are responsible for 40% of our financed emissions out of our almost 500 [investee] companies,” she said.
To accelerate this transition, UNEP has developed a Land Use Positive Impact Hub to support banks, asset owners and fund managers to determine how to measure the positive environmental and social (E&S) impacts of their land-use investments. Of the 51 climate-focused funds, representing US$30 billion AUM, only 10% were Paris aligned.
Many [investors] claim the true cost of climatechange has not been priced in even now,” he says. LGIM’s Stansbury emphasises that, when it comes to tackling climatechange, it’s best for investors to “prepare and plan – don’t predict”. C of global warming by 2100 – and between 2.4-2.6°C C by 2050, the report said.
Just prior to COP26, the UN Environment Programme (UNEP) launched the International Methane Emissions Observatory (IMEO) to improve the accuracy and public transparency of human-caused methane emissions. The signatories recognised that rapid action on methane is an essential complement to cuts in CO2 and other greenhouse gases (GHGs).
In late April, the UK High Court ruled that charity trustees can consider climatechange factors when making decisions over their investments, even if it means making lower returns. How are attitudes changing? How does fiduciary duty relate to sustainable investment?
New sheriffs have set up shop and are drawing up rules on both the supply and demand side of voluntary markets, which may eventually be reinforced by regulation introduced by policymakers in line with Article 6 of the ParisAgreement. . “At Climate capital . Global mangrove forests sequester around 22.8
At the time of writing, the NZIA has 17 members. Anti-trust fears There are ongoing concerns that financial institutions joining GFANZ alliances risk breaking US anti-trust laws. The NZIA told ESG Investor that it does not comment on the individual and independent actions of its existing or ex-members.
Representatives from more than 200 governments will gather in the shadow of the Burj Khalifa from the 30 November for the 28th round of global climatechange negotiations. While expectations for the talks are low, the need for progress to mitigate the most severe impacts of climatechange is more apparent than ever.
Former UNEP FI head of risk David Carlin calls for a refocus on reducing carbon emissions at COP30 and doubles down on the concept of carbon markets. Despite international efforts to combat climatechange, the EUs Copernicus ClimateChange Service (C3S) has confirmed 2024 as the hottest year on record.
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