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In background briefings, officials said the announcement makes Canada the first of the world’s wealthiest countries to publish a detailed implementation plan for a pledge that was first announced at the G20 leaders’ summit in Pittsburgh in 2009.
These young people have grown up under the shadow of climatechange, and they rightly view it as a threat to their future. during model years 2009-2015, which meant these vehicles’ emissions were far greater than advertised. In retrospect, how should the VW CEO have reacted to the news from the EPA?
But the favourable shift in investors’ consciousness has been buffeted by global headwinds of late, including the changing geopolitical environment and energy shortages, a cost-of-living crisis, rising inflation and interest rates, and the politicisation of ESG – particularly in US. The risk of greenwashing has also been a growing concern.
Then there came this moment in 2009, when in conversation with my former colleague Francesco Guerrero at the Financial Times, he said shareholder value is the dumbest idea in the world. Under Gary Gensler, the SEC is very clearly working to reduce and also police “greenwashing.”
Insurers need to better recognise that failing to address climatechange is a huge business risk, Le Bourdonnec added. “It makes good business sense for insurers to make ambitious climate commitments, as the impacts are impacting profitability,” he said. And frankly is greenwashing.
Without urgent reform, Article 6 of the Paris Agreement risks enabling large-scale greenwashing and undermining global climate goals. If left unchecked, this blind spot could enable industrial and international-scale greenwashing of NDCs, deepening the ‘credibility crisis’ that has long plagued the voluntary carbon market (VCM).
Cities must ban them The promotion of oil, coal and gas is poisoning our environment, driving climatechange and slowing the clean energy transition. Fossil fuels are a primary climatechange driver, and a direct threat to human health. As health professionals, we believe banning these ads is not censorship. Visit [link].
One of the first senior central bankers to flag the financial risks of climatechange , he played a leading role in both the Task Force on Climate-related Financial Disclosures and the Glasgow Financial Alliance for Net Zero. This at least will have the practical benefit of helping to put the era of greenwashing behind us.
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