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The world has consumed half a trillion tonnes of virgin materials since the Paris Agreement

Envirotec Magazine

The throwaway global economy is fuelling the climate crisis with more than half a trillion tonnes of virgin materials consumed since the 2015 Paris Agreement, according to a report from impact organisation Circle Economy launched on 19 January. billion last year.

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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the Paris Agreement in the first place.

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An Integrated Transition

Chris Hall

The resources included deep-dive guidelines for seven sectors – including asset owners, asset managers and banks; high-level guidance for 30 sectors of the global economy; and advice on how to undertake a transition planning cycle. Some companies may also need to tap into some form of government support.

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Investor Networks Distil Transition Guidance

Chris Hall

Building on foundational work launched last year, the Climate Bonds Initiative (CBI) partnered with the Institutional Investors Group on Climate Change (IIGCC), the Sustainable Markets Initiative (SMI), the Glasgow Financial Alliance for Net Zero (GFANZ) and Climate Art to put the document together.

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CA100+ Adds Mining Standard to Assess “Vital” Sector

Chris Hall

The metrics laid out in both documents will now be pilot tested by mining firms with the objective of “testing their practicality”.

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Using the Sustainable Development Goals to guide the Covid-19 recovery

Sustainable Development Network

Best practices during the Covid-19 pandemic, especially those adopted in Asia-Pacific countries, should be documented and disseminated rapidly. 2030 for the SDGs and 2050 for the Paris Agreement) and develop policy pathways for achieving them. Countries should consider medium-term targets with time horizons of 10-30 years (i.e.

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‘First nail in the coffin’ for fossil fuels at COP28

Corporate Knights

The historic provisions, arrived at after round-the-clock negotiations by climate ministers and other senior officials, appeared in the energy transition section of the 21-page document. “A COP28 marks the beginning of the end of the fossil fuel era,” said Linda Kalcher, executive director of the EU’s Strategic Perspectives.

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