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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

While the pledge provides limited detail on the measures it will take to slash the carbon emissions of its portfolio or operations, the bank said it would establish "clear, measurable pathways" to net-zero using the Paris Agreement's Capital Transition Assessment Tool (PACTA). Pull Quote. Finance & Investing.

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The world has consumed half a trillion tonnes of virgin materials since the Paris Agreement

Envirotec Magazine

The throwaway global economy is fuelling the climate crisis with more than half a trillion tonnes of virgin materials consumed since the 2015 Paris Agreement, according to a report from impact organisation Circle Economy launched on 19 January. billion tonnes in 2016 but passed 100 billion in 2019 and is estimated at 101.4

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Morgan Stanley will measure CO2 impact of loans and investments

GreenBiz

The announcement marks a major coup for the PCAF and is a landmark green move for Morgan Stanley, one of the world's largest and most recognizable private banking groups, which from 2016 to 2019 invested more than $91 billion n fossil fuels, according to the Rainforest Action Network. Ben Cushing, senior campaign representative at U.S.

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Four Ways Development Agencies Can Advance Carbon Markets

3BL Media

This is the third in a three-part series exploring how Article 6 of the Paris Agreement can spur the clean energy transition. The 2021 United Nations Climate Change Conference (COP26) established an accounting mechanism known as the “corresponding adjustment” to ensure that only one country counts each emission reduction.

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Three New Business Models to Achieve Carbon-Reduction Goals

3BL Media

This is the second in a three-part series exploring how Article 6 of the Paris Agreement can spur the clean energy transition. The most recent Intergovernmental Panel on Climate Change (IPCC) report indicates that around 2,400 gigatons (Gt) of net CO 2 emissions were generated globally from 1850 to 2019.

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6 Key Tasks at COP27

Chris Hall

At the closing of COP26 in Glasgow in 2021, one of the headline questions centered on how countries would address the need for finance to address loss and damage , those impacts from climate change that are so severe communities are simply unable to adapt to them. Finance must scale significantly to support adaptation needs.

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Updated climate commitments ahead of COP26 summit fall far short, but net zero pledges provide hope, says UNEP report

Envirotec Magazine

New and updated climate commitments fall far short of what is needed to meet the goals of the Paris Agreement, leaving the world on track for a global temperature rise of at least 2.7°C However, CO2 and non-CO2 emissions in 2021 are expected to rise again to a level only slightly lower than the record high in 2019.