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Banks flout net-zero targets to cash in on the next LNG boom

Corporate Knights

Liquefied natural gas developers have expansion plans that could release 10 additional metric gigatons of climate pollution by 2030, and major banks and investors are enabling them to the tune of nearly $500 billion. In 2023 alone, 1,453 transactions were made between banks and LNG developers. above preindustrial levels.

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An authoratarian petrostate takes centre stage as COP29 host

Corporate Knights

Moreover, the UN’s visionary commitment to develop a more just, tolerant society as part of its Paris Agreement goals also looks shaky when it works with an authoritarian family dictatorship. Freedom House, a Washington, D.C.–based s score of 18/100).

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COP29 Ends with Target to Triple Climate Finance to $300 Billion per Year

ESG Today

Following two weeks of intensive negotiations, the COP29 climate conference in Baku, Azerbaijan ended with an agreement to triple climate change-related finance flows to developing nations to $300 billion annually over the next decade, and with significant progress towards the development of international carbon markets.

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How a more inclusive marketplace can promote low-carbon growth

GreenBiz

Developing sector-based benchmarks for issuing carbon credits would open markets to emerging companies and mark significant progress toward Paris Agreement goals.

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Climate storytelling: Why Article 12 of the Paris Agreement could unlock everything

We Mean Business Coalition

That’s why I believe one of the most neglected clauses in the Paris Agreement might just be our best hope for planetary transformation. In arcane COP-speak – the Paris Agreement says communications is important to enable the rest of its own provisions.

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Meet the man most responsible for saving COP29 from irrelevancy

Corporate Knights

But that’s the mandate of Simon Stiell, the former environment minister of Grenada who is now the United Nations’ climate chief – the man most responsible for achieving the Paris Agreement goal of limiting climate change to 1.5°C With little to no power to enforce compliance, Stiell has responsibility without authority.

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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

We are committed to developing products that allow them to invest or participate in efforts to bring about a more sustainable global economy.". "We know this is an issue that many of our 40 million customers care deeply about, particularly in our retail and private banking businesses," Quinn wrote. Pull Quote. Finance & Investing.

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