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The biggest carbon losers

Corporate Knights

Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the Paris Agreement. To boot, Enel managed to deflate its carbon bubble almost exclusively by retiring high-carbon assets. But not all GHG reductions are equal. dollars) through 2030.

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

They also noted the due diligence aspects of a framework that must now be implemented by all federal departments and agencies in line with the targets in the 2015 Paris climate agreement. The announcement has no impact on provincial subsidies last calculated at a minimum of $2.5 billion in 2020/21 and another $1.5

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SDSN at the Latin America and Caribbean Climate Week

Sustainable Development Network

Prior to the UNFCCC 2015 Conference of Parties (COP) in Paris, SDSN and IDRRI, a leading European think-tank, undertook the Deep Decarbonization Pathways Project (DDPP) engaging national teams in 16 countries covering 70 percent of global carbon emissions.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8

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Litigation Surge Reflects Evolving Climate Duties

Chris Hall

The number of cases is widely recognised as having doubled since 2015. According to the UNEP Global Climate Litigation Report , more than 1,500 cases had been filed in 38 countries by July 2020.

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IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets and cost escalation, reduce feasibility, and increase losses and damages.” But some meeting participants warned that those delays are baked into the process by some of the key assumptions in the IPCC’s modelling.

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Now or Never

Chris Hall

This realisation was partly sparked by the stranded assets debate initiated by Carbon Tracker in 2013, says Vanston, with research conducted by the London School of Economics’ Grantham Research Institute calling on regulators, policymakers and investors to re-evaluate energy business models against carbon budgets, to prevent a US$6 trillion carbon (..)