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administration may have a dampening effect on global climate action, clean energy investments will continue in other countries to support decarbonization and energy security. sustainable bond volumes in 2025, as reduced federal investment is offset by private sector investment, and certain state and local governments.
The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. The EU’s taxonomy has been particularly controversial because of its inclusion of natural gas and nuclear as “greeninvestments.”
Inclusion of coal in green taxonomy would border on state-sanctioned greenwashing, says Christina Ng, Research & Stakeholder Engagement Leader, Debt Markets, and Putra Adhiguana, Energy Technologies Research Lead, Asia, at IEEFA. Their commitment to decarbonization becomes questionable, and their global relevance risks diminishing.
Many people are cautious about the intentions of companies that have committed to decarbonization and with some reason. There have been bad faith actors from the corporate world, greenwashing their activities, depleting the world’s resources, damaging the environment and wasting the planet’s and the climate movement’s time and energies.
This week in ESG news: Biden admin invests $6 billion in industrial decarbonization projects; Microsoft signs one of largest-ever biochar carbon removal deals; Mississippi orders BlackRock to ‘cease and desist’ from ESG investing; Walmart invests in 1 GW of new clean energy projects; Vanguard found guilty of misleading greeninvesting claims in Australia; (..)
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