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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.
At the UN climate summit in Egypt last month, Canada received backlash for its failure to commit to a managed phase-out of fossil fuels. Canada’s refusal to implement policies that tackle the supply of fossil fuels is at odds with emerging global realities.
DESCRIPTION: ESG in Action As climatechange intensifies, so do the physical and transition risks to industries and companies. But how do investors quantify those changes? Historically, they’ve measured a portfolio’s climate impact based on its carbon footprint or weighted average carbon intensity. By Sara Rosner.
Still, producers want the federal government to include exported LNG as part of its climatechange strategy, including policies for preferential financing. By the 2030s, the costly new LNG export terminals will either become strandedassets or lock in emission growth that takes us in the wrong direction on climatechange.
For decades, scientists have studied the risks of increasing greenhouse gas (GHG) emissions on the earth’s climate. The signals of early-stage climatechange are becoming unmistakably visible. As the recent Intergovernmental Panel on ClimateChange (IPCC) report on climate adaptation stated: “Global warming, reaching 1.5°C
In the process, it makes starkly clear that transition plans—the specific and concrete strategies and timelines investors and companies are adopting for reaching their climate goals and acting on climate-related risk—aren’t about being defensive. Risks that continue to escalate. This year, a record $1.8
Build more investor confidence in green infrastructure projects The greatest fear that many investors have around investing in green infrastructure projects is that they become “strandedassets.” To prevent this, governments must make a long-term commitment to a green energy source such as hydrogen or nuclear.
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.
For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supplychains and lending/investment portfolios are often more complex than for other industries. Finance climate action Financing climate action can take many forms, such as green bonds or sustainability-linked loans.
Adaptation themes will be incorporated into the network’s workstreams over the next two years. To better stimulate investment in climate resilience across Australia and New Zealand, the Investor Group on ClimateChange (IGCC) has developed its ‘ Road to Resilience ’ strategy.
“It’s a dangerous game to play, and it is undermining investor confidence; there are certain issues, like climatechange, where political games shouldn’t be played.” Matthew isn’t the only one dissatisfied with progress.
Using this definition, the environmental pillar most notably encompasses considerations of climatechange in terms of physical and transitional risk for companies, given the projected impacts of climatechange. indigenous populations), as well as working conditions throughout the supplychain (e.g.
Therefore, ensuring it stays healthy and able to continue providing those services is crucial to the fight against climatechange. This includes supplychains dependent on fish products as well as mineral extraction and bioprospecting. This means associated companies will have to adapt their business models.
This post originally appeared on ClimateChange News. The street and the boardroom are closer than they have ever been on climate. The Glasgow Climate Pact and recent pledges have kept 1.5°C C alive, just. But, to get 1.5ºC out of intensive care we need all these pledges and national plans to be delivered without delay.
In a letter to the Commission, WindEurope explained how low volumes of permitted projects have impacted Europe’s wind turbine manufacturers and wider supplychain. Increasing gas infrastructure must be avoided to avert dangerous climate impacts and strandedassets.”.
The parallels between the disclosure and risk management frameworks of the TNFD and its forerunner, the Task Force on Climate-related Financial Disclosures (TCFD), are welcomed as easing the disclosure burden, but few under-estimate the challenge ahead. There are also emerging topics, such as just transition, where data is very sparse.”
According to the International Energy Agency , the world needs to cut 90% of coal use by 2050 and phase out all unabated coal power plants by 2040 to achieve net-zero emissions and avoid the worst impacts of climatechange. These plants are expected to operate for decades and risk becoming “strandedassets” if they retire early.
Nature is at the base of every supplychain. For now, business understanding and disclosure of nature risk – both from investee firms’ direct operations and along their supplychains – is patchy at best, with firms in the APAC region lagging global peers. Ecosystem services are absolutely critical to the creation of GDP.
Some companies will start acting and some won’t; there’s more risk of strandedassets.” What role should investors play? The Organisation for Economic Co-operation and Development (OECD) has estimated that maritime trade volumes will triple by 2050.
Global temperatures are set to hit record-breaking levels this summer, with regions of persistent high pressure creating heat domes across several southern US states in June, posing health risks to millions of Americans.
Our economic system has failed to address long-standing threats like climatechange, biodiversity loss, disease, water scarcity, and inequality. This economic model is designed to increase the human capacity to deal with shocks (climate disasters, supplychain interruptions, etc). The resilience economy.
Electric vehicles powered by low-emission electricity offer the largest decarbonisation potential for land-based transport, says the Intergovernmental Panel on ClimateChange (IPCC) in its most recent report on climatechange mitigation. These issues reduced vehicle choice and availability over the past year.
In a late February expos, Heatmap News pointed to the widening gap between the rapid demand growth that utility planners are projecting and the deep challenges in getting turbine supplychains up and running. Basically, we are all depending on the same supplychain, den Elzen said.
The IEA blueprint involves unprecedented levels of change, the agency admits, and requires clear government strategies and policies. SAS would achieve all Africa’s energy-related development goals “on time and in full”, as well as meeting climatechange commitments. of GDP), with two ? thirds going to clean energy. .
Preparing for the storm: The role of UK business and government in improving UK resilience to climatechange in the UK’ explores how leading UK businesses are already increasing community resilience through climate adaptation strategies and action. including Israel and Ecuador.
The global fight against climatechange is gradually gaining momentum, with countries like Canada, China, Germany, India, Japan, and the EU reaffirming commitment to the Paris Agreement, and more than 80 mayors in the US confirming that they will continue with agreed guidelines.
Republican women care more about climatechange than Republican men, something Rupp expects will be reflected in their investing decisions: “Also, Research by McKinsey found that in the US more than two-thirds of wealth will be held by women by 2030… and Republican Women care more about Climate issues than Republican men.
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