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Provincially owned Ontario Power Generation has adopted a greenbond framework that includes nuclear power – a first for the electricity utility. . The move followed a controversial decision in the European Union to classify natural gas and nuclear investments as green. . But does that make them objectively green?
In mid-January, PepsiCo joined that club with a strategy to reduce its greenhouse gas emissions by 40 percent across its entire value chain by 2030 and to reach the elusive net-zero emissions status 10 years before it’s called for by the ParisAgreement. A little over a year ago we issued our first greenbond.
Reducing waste. That means addressing the roughly 1 billion tons of food wasted each year. Food loss and waste is not just a missed opportunity to provide someone with a nourishing meal. degrees Celsius by 2050 in line with the ParisAgreement. Part of the solution is for farming to become more sustainable.
Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the ParisAgreement in 2015, the 60 largest banks have instead invested $5.5 Finance climate action Financing climate action can take many forms, such as greenbonds or sustainability-linked loans.
In general, the new plan promotes low-carbon development and the circular economy with new approaches to transport, energy production, and waste management policies. This would put China within range of overachieving on its NDC non-fossil fuel targets, but it would be insufficient to meet the ParisAgreement 1.5C
Or, as Redinger puts it, turning microbes in food waste “into miniature dye factories” that produce vegan colourants that are longer-lasting than plant-based dyes. million in financing so she can scale up her waste-diversion process to reach her goal of diverting 500,000 kilograms of waste from treatment and landfill by 2030.
New Zealand Prime Minister Jacinda Ardern wasted little time raising the stakes in her nation’s fight against climate change after handily winning re-election in October. has orchestrated collaborative initiatives targeting everything from plastics to food waste and bringing together large companies, NGOs and policymakers.
What it means: The $300bn is a modest step forward, marking progress under the ParisAgreement but falling short of the decisive action and timeline the climate crisis demands. A new crediting mechanism is now in theory operational, the ParisAgreement Crediting Mechanism (PACM, formerly known as the Article 6.4
The global fight against climate change is gradually gaining momentum, with countries like Canada, China, Germany, India, Japan, and the EU reaffirming commitment to the ParisAgreement, and more than 80 mayors in the US confirming that they will continue with agreed guidelines.
In 2025, there is likely to be much scrutiny around US President Donald Trumps anti-green agenda. As widely expected, on his first day back in the White House, he signed an executive order to withdraw the US from the ParisAgreement and moved to scrap oil and gas exploration restrictions.
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