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HSBC to stop financing new oil and gas fields except in Canada

Corporate Knights

London-based HSBC Holdings says it will cease financing for the development of new oil and gas fields in order to tackle climate change while carving out its Canadian unit from the policy change. Canadian banks remain major investors and lenders for oil and natural gas developments and the infrastructure needed to expand production.

Net Zero 313
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Which banks are financing the clean energy transition?

Corporate Knights

The real question is, are the world’s banks ready to fund the development of renewable technologies at scale, and updating all the infrastructure in between? Finally, we ’ d be clear on which definitions were being used and which taxonomy the definitions were derived from.” . And which banks will take the lead? .

Banking 360
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Inogen Alliance Presents at COP29 in Azerbaijan

3BL Media

Azersun is taking a major step forward in sustainability-driven innovation with the launch of two groundbreaking AI-powered platforms, developed in partnership with FABA International. Abdel-Aziz is currently the co-chair of Sharm El Sheikh Mitigation Ambition and Implementation Work Program under the Paris Agreement.

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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

"Despite this significant drop from 2019 to 2020, the overall trend of the last five years is one heading definitively in the wrong direction," the report states. trillion to coal, oil and gas companies in the five years since the Paris Agreement was signed, it calculates. Overall, the world's leading banks have channelled $3.8

Net Zero 398
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Expectations Going Into COP28

3BL Media

Serving as a negotiator to the series of Climate Change COP events since COP21 (2015), where the Paris Agreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into landmark developments and prospects this year. I've been participating since COP 21 when the adoption of the Paris Agreement took place.

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Next Round of NDCs Must be Investible

Chris Hall

NDCs are national climate action plans and targets, ushered in under the 2015 Paris Agreement. While there is not yet a commonly agreed definition of an investable NDC, and each of these organisations may emphasise different characteristics, common elements are emerging.

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Reduce, reuse, recycle, register?

GreenBiz

As more companies innovate products made using recycled materials, and so the value proposition of using recycled materials transitions into a consumer expectation, innovators may wonder how they can protect their investment in the development of such products.