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With global trade highly dependent on shipping, achieving net zero may put wind in the sails of other industries’ climate ambitions. International shipping accounted for 2% of global energy-related CO2 emissions last year, according to the International Energy Agency (IEA). What progress has the IMO made?
Europe’s new code – As Ursula von der Leyen mulled over the composition of her top team for the next five years , the European Commission’s incoming finance chief was already getting advice on the future of sustainableinvestment. It’s harder to say how much of NZAM members’ collective US$57.5
times higher than the UK's own greenhouse gas emissions (excluding aviation and shipping). 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
The High Seas Treaty provides the certainty needed for greater sustainableinvestment into the ocean, says Karen Sack, Executive Director at the Ocean Risk and Resilience Action Alliance (ORRAA). They are also cost-effective investments that will help meet the ParisAgreement and Global Biodiversity Framework targets.
Transport and Shipping: Land, Air, Water This session was moderated by Renato Mazzoncini, Adjunct Professor in the Department of Mechanics at Politecnico di Milano who highlighted that decarbonization of the transportation sector is dependent upon new technologies, specifically around batteries and alternative fuels.
This work culminated in a new report, “ Decarbonization Pathways for Paraguay’s Energy Sector ,” published in November of 2021 by the Columbia Center on SustainableInvestment (CCSI), and co-authored by the Quadracci Sustainable Engineering Lab at Columbia University, and Paraguay-based Centro de Recursos Naturales, Energía y Desarrollo (CRECE).
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According to analysts Circle Economy, adding circular economy solutions to countries’ Nationally Determined Contributions (NDCs) to the ParisAgreement will enable global temperature rises to be kept “well below” 2?C. “It is a resilient system that is good for business, people and the environment,” says the Foundation.
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