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Our new report, produced in collaboration with the Ottawa-based Smart Prosperity Institute and funded by the Trottier Family Foundation, finds that pension managers’ support for the green transition is growing but still nowhere near the pace required to meet global net-zero-carbon targets. 79000 0.14
Cryptocurrencies have been condemned over their environmental record at a time when traditional investments have been rapidly moving towards greener environmental, social and governance (ESG) values. So how long will it be until crypto earns its green credentials? RELATED: Ethereum goes green overnight. But there's a catch.
The financial system is increasingly seen as crucial to averting such a scenario – not only to shift toward greeninvestments, like renewable energy, but also to reallocate capital from fossil fuel-related investments to be consistent with net-zero goals.
The UK’s netzero transition depends on huge amounts of private capital that can only be unlocked through climate policy certainty. According to the CCC report, the UK will continue to need some oil and gas fields until it reaches netzero, but this “does not in itself justify the development of new North Sea fields”.
Net-zero CO2 energy systems entail: a substantial reduction in overall fossil fuel use, minimal use of unabated fossil fuels, and use of CCS in the remaining fossil system,” says the report. C or below will leave a substantial amount of fossil fuels unburned and could strand considerable fossil fuel infrastructure.
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