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This year, Corporate Knights set out to identify global companies that have decarbonized faster than their peers while simultaneously increasing revenue. Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the ParisAgreement.
Or that slashing regulation means being more competitive, even though a fossil fuel-led race to the bottom exposes our economies to insecurity, instability and strandedassets. There is a better story to tell one rooted in both present market realities and a vision of a liveable and prosperous future. Stand with us to move forward.
Delaying those actions “would lock in high-emissions infrastructure, raise risks of strandedassets and cost escalation, reduce feasibility, and increase losses and damages.” But there’s still time to take action if countries pick the right decarbonization options and scale up fast. The dangers of overshooting 1.5°C
The document also holds out the possibility of subsidies for carbon trading deals under Article 6 of the Parisagreement, and for Indigenous participation in fossil fuel projects. After that massive an investment, “no way the pipeline is going to recover costs,” Morningstar analyst Stephen Ellis told Bloomberg News in March.
You’d expect a company so directly affected by climate change to be jumping on the decarbonization bandwagon. It has publicly endorsed the ParisAgreement on climate change as well as the EU’s target of being net-zero by 2050. On the face of it, it is.
The dialogue explored the vision and challenges for countries to achieve decarbonization by 2050. In the LAC region, Costa Rica and Chile are committed to this goal, along with other countries such as Colombia, currently exploring different pathways towards deep decarbonization.
After the ParisAgreement the message was clear: Ambition, Ambition, Ambition. These include a commitment by nations to increase their emissions targets to pursue the 1.5ºC objective of the ParisAgreement and rules for a robust and transparent global carbon market. C alive, just.
C and implement the ParisAgreement and will be welcomed by the business community. C temperature goal of the ParisAgreement alive, and to ensure a just transition. . trillion in real estate assets under management now committed to halving emissions by 2030, along with 20% of architects and engineers. .
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