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The race among AstraZeneca, Moderna and Pfizer to develop a COVID-19 vaccine perfectly exemplifies the difficulty of satisfying the needs of each stakeholder group simultaneously. The IFRS Foundation, for example, recently consulted on the establishment of a Sustainability Standards Board and looks set to pursue its establishment.
As climate urgency increases, and countries around the world look to make good on their nationally determined contributions, the more pressure there is across both emerging and developing markets to adapt to and mitigate the effects of climate change, panellists said. . Surpassing US$1 trillion . trillion, the Climate Bonds report said.
Banks and other financial intuitions (FIs) have the potential to help transition land-use to become ‘nature positive’ in addition to ‘net zero’, by redirecting investment to sustainable land-use projects. UNEP is working with national institutions and FIs to strengthen domestic regulatory frameworks in order to address this challenge.
The organisations concerned are Dutch bank Rabobank, Mexican development institution FIRA, multilateral funder the Global Environment Facility (GEF), Mauritian private equity group Phatisa, Norwegian chemical company Yara, US asset manager Nuveen Natural Capital and Dutch group Signature Agri Investments. Equivalent to 40 power stations”.
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