article thumbnail

The Climate Blockers: BASF quietly lobbies against strong climate policy while talking a big game

Corporate Knights

But in the blistering summer of 2018, there was nothing celebratory about the Rhine. The shrivelled Rhine of 2018 became a harbinger of the devastating impact that climate change will have on the backbone of the German economy. German industry, which uses the Rhine as a transportation lifeline, also suffered. It obliged.

article thumbnail

All Systems go for Net Zero

Chris Hall

Now they must wait to see how signatories to the Paris Agreement act on the commitments outlined in the official response to the Global Stocktake, as well as multiple other pledges announced across the two weeks before that final text was signed, sealed and gavelled. C has not lessened; if anything, it has increased,” he says.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Corporate Knights

The announcement also connects to an international initiative under which Canada and Argentina launched a peer review of each other’s fossil fuel subsidies in 2018. The document also holds out the possibility of subsidies for carbon trading deals under Article 6 of the Paris agreement, and for Indigenous participation in fossil fuel projects.

article thumbnail

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

Corporate Knights

“The choices and actions implemented in this decade will have impacts now and for thousands of years,” the UN agency states in its Sixth Assessment Report , a final synthesis that brings together six in-depth science and policy reports dating back to October, 2018. The dangers of overshooting 1.5°C

article thumbnail

ESG Explainer: The Blue Economy

Chris Hall

Launched in 2018, they act as a global guiding framework for banks, insurers and investors. It has the potential to act like a Paris Agreement for pollution, including plastics which end up in the ocean, pushing companies to engage on the issue. We can learn from the Paris Agreement process and move fast on ocean plastics.

UNEP 98
article thumbnail

Is the IMO Turning the Tide on Transition?

Chris Hall

It is in many ways a starting point for the work that needs to intensify even more over the years and decades ahead of us.” The IMO’s previous 2018 target was to halve the shipping sector’s annual CO2 emissions by 2050. Some companies will start acting and some won’t; there’s more risk of stranded assets.” What role should investors play?

article thumbnail

ESG Explainer: Electrifying Africa

Chris Hall

While Group of Seven governments are announcing grand plans , asset owners in developed markets are increasingly keen to play their part in this transition. . Around 20% of the electricity generated in Africa was from renewable sources in 2018. . In April, a Principles for Responsible Investment (PRI) ?