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Unlike the climate crisis that led to the signing of the ParisAgreement , biodiversity loss has received little attention until now. We need to encourage more targeted investments in nature-positive solutions that reverse biodiversity loss. However, the risks from biodiversity loss are enormous.
Chinese asset managers are improving ESG awareness, but weak regulation means green claims often don’t match reality, says Greenpeace. Greenwashing is a growing risk in the Chinese fund management sector, as marketing of ESG products runs ahead of standards and regulatory oversight, a new report by Greenpeace has found.
It will also intensify its work on the effects of transition funding, greeninvestment needs and transition plans, exploring the case for further changes to its monetary policy instruments and portfolios. These announcements followed the ECB’s third assessment of European banks’ progress on the disclosure of climate and environmental risks.
There have been bad faith actors from the corporate world, greenwashing their activities, depleting the world’s resources, damaging the environment and wasting the planet’s and the climate movement’s time and energies. Many people are cautious about the intentions of companies that have committed to decarbonization and with some reason.
However, shortfalls in clean energy investments persist, the IEA said, noting that “if China is excluded, then the amount being invested in clean energy each year in [EMDEs] has remained flat since the ParisAgreement was concluded in 2015”. C is to remain achievable. .
While the intention of the EUGBS is to improve standards and reduce the risk of greenwashing is admirable, the reality is its limited scope, he adds. Tatjana Greil-Castro, Co-head of Public Markets at asset manager Muzinich, notes there are only so many greeninvestments that companies can do in a year.
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