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Canadians require a livable planet on which to retire, and climatescientists and energy modellers are clear that limiting global temperature increase to 1.5℃ He shared the stage with Teine Energy and Wolf Midstream, two Alberta-based fossil fuel companies owned by CPPIB – neither of which have committed to net-zero emissions.
Shift Action’s findings are similar to reports released in July from Carbon Tracker , a global advocacy organization on climate and finance, and the Institute and Faculty of Actuaries (IFoA) and the University of Exeter, all based in the United Kingdom.
Companies that wait to transition until there is a stronger policy response will face higher costs and a shorter window to achieve netzero commitments. Climate policy response by governments and investment in clean technologies must be accelerated to keep temperature rise near 1.5°C,
He did this while sitting next to Professor Jim Skea, Chair of the Intergovernmental Panel on Climate Change, effectively the world’s senior climatescientist. C would be reached by the phase-out of fossil fuels.
By continuing to follow predictions from central banks and other established sources of economic wisdom, companies and investors are making the wrong calls on their sustainableinvestment policies and climate transition plans, Keen argued. Those who make policies are trained in economics – not in science,” he said.
Just as more than 95% of climatescientists accept the truth of climate change, most corporate leaders recognize that their role in society has changed. The average percentage of sustainable revenues achieved by 2023 Best 50 companies is 46.3%, up from 36.8% Climate commitments legend 1.5°C:
In a 2023 report, the International Energy Agency (IEA) estimates that to meet net-zero goals, electricity’s share of total energy demand needs to double between now and 2030 to accommodate the electrification of transportation, building heat, industrial processes, agriculture and information technology.
Not-so-quiet quitting It was tempting to try to put together a sustainableinvestment blog that omitted any mention of incoming US President Donald Trump. After all, the only phenomenon making more weather right now is climate change. Tempting but next to impossible. Our planets weather machine is shifting to a higher gear.
This week, EU and US policymakers prepared for big shifts impacting sustainableinvestment, amid further evidence that climate risk is financial risk. Lobbyists and policymakers are gearing up to put flesh on the bones of the European Commissions plans to streamline the requirements of key sustainable finance policies.
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