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For the first time carbon credits will be recognized under the ParisAgreement, enabling countries and companies to use offsets to meet their carbon reduction targets, potentially giving a huge boost to carbon credit trading. The market in 2023 was only a fraction of this total at US$723 million, according to Ecosystem Marketplace. “We
Former chair of the Committee on ClimateChange Lord Deben believes the country can get back on track to net zero and regain its status as a global leader. When Glasgow hosted COP26 in 2021, bringing together 120 world leaders and more than 40,000 participants, the UK was seen as a world leader in the battle against climatechange.
The new decarbonization goal, to be officially presented at the COP29 climate conference currently underway in Baku, Azerbaijan, will form Brazil’s second Nationally Determined Contribution (NDC) under the ParisAgreement.
Ahead of COP29, report calls for systemic risks of climatechange to be viewed through both real economy and financial sector lens. Climate-related systemic risk will not be properly reflected by financial markets until governments ensure both real economy and financial sector policies support climate alignment, recent research suggests.
CDP runs a global environmental disclosure system, enabling investors and other stakeholders to measure and track organization’s performance in key environmental sustainability areas including climatechange, deforestation, water security, and plastic-related impact.
Originally published in Lenovo's 2023/24 ESG Report Lenovo has responded to the Science Based Targets initiative (SBTi)s urgent call for corporate climate action by committing to align with 1.5C campaign, an official partner of the United Nations Framework Convention on ClimateChange (UNFCCC) Race to Zero campaign.
Delegates at the ongoing UN ClimateChange Conference (COP29) achieved an important breakthrough on the first day of the event in Baku, Azerbaijan, reaching consensus on standards for the creation of carbon credits under Article 6.4 of the ParisAgreement, key for advancing the establishment and growth of a global carbon market.
Throughout the United States, towns and cities of all sizes are responding to the challenges posed by climatechange by implementing solutions to reduce their greenhouse gas (GHG) footprint and address climate risks. percent from 2023 to 2024, and supply increasing by only 3.1 increasing by 9.8
The Net Zero Benchmark from the investor-led engagement initiative assesses 41 carbon-intensive Canadian companies – including oil companies, public utilities, transportation companies and manufacturers – on their progress against climate goals to increase alignment with the ParisAgreement. C scenario analysis. “We’re
NZAM was launched to mobilise and support asset managers in taking ambitious action, helping them set interim targets and track their progress aligning investments with the ParisAgreement goal of limiting global warming to 1.5°C The UN’s annual climate conferences (COPs) have always been catalysts for increasing action.
“Pacific students spearheaded this landmark climate justice campaign, rallying governments, civil society and communities around the world to fight for the future of their lands, cultures and right to self-determination — and won.” They won the world a tremendous victory today,” said Oxfam ClimateChange Policy Lead Nafkote Dabi.
European Commission President Ursula von der Leyen said: “As European citizens increasingly feel the impact of climatechange, they expect Europe to act. Among the key changes from the EU’s prior climate targets, the new proposed 2040 goal introduces the ability to use various forms of carbon credits to reach the target.
The new decarbonization goal will form the basis of Switzerlands second Nationally Determined Contribution (NDC) under the ParisAgreement, which the Swiss Federal Council said will be submitted to the UN Framework Convention on ClimateChange (UNFCCC) by February 10.
South Africa-based Government Employees Pension Fund (GEPF) said its approach to developmental or impact investing is to invest for a return that also provides positive outcomes through job creation, addressing inequality, providing energy security, and mitigating and adapting to the impacts of climatechange. trillion in reported AUM.
The Renewables 2024 report, the IEA’s flagship annual publication on the sector, seems to find that the world is set to add more than 5,500 gigawatts (GW) of new renewable energy capacity between 2024 and 2030 – almost three times the increase seen between 2017 and 2023. times its 2022 level by 2030.
The UK Committee on ClimateChange used such an analysis for its net-zero road maps. While AI data centers require significant energy , McKinsey estimates that cloud-powered technologies  can accelerate 47 percent of the initiatives required to achieve the global 1.5° pathway by 2050 under the ParisAgreement.
trillion in 2023, spanning across corporates as well as sovereigns and supranationals. As a 2023 paper by JP Morgan Asset Management notes, engagement can be more nuanced compared to the corporate market, depending on the political complexion of the country. By contrast, the equity equivalent was valued at US$111 trillion.
Companies in Climate Group’s energy efficiency initiative, EP100, have collectively saved $1.7 investment from the Inflation Reduction Act (IRA) catalyzed 142,000 new clean energy jobs in 2023 alone , with construction-related employment in energy outpacing the broader economy. In the U.S.,
Acting on climatechange is not just an environmental imperative — it’s also becoming a business necessity. Given the urgency of the climate crisis, it’s crucial for smaller companies (small and medium enterprises, or SMEs) to take action now, rather than delaying efforts in the pursuit of perfecting emissions measurement.
The 30th United Nations ClimateChange Conference (COP30) is scheduled to take place in 2025 in Belm, Brazil, a city located at the gateway to the Amazon rainforest in the state of Par. Governments cannot meet their climate targets aloneprivate sector investment is essential to scaling up restoration efforts.
In 2023, under her leadership, NSIA published its first Impact Report, followed by its inaugural Sustainability Report in 2024 — both landmark achievements for sovereign wealth funds in Africa. However, through a just transition, we believe we can meet our climate goals without compromising development priorities.
In Brazil, incoming rules require listed companies and financial institutions to report publicly not only their emissions, but also the risks they face from climatechange. For example, a new law in the EU requires companies to create plans that lay out how they will transition to net zero.
BPs decision to retreat even further on its climate commitments has elicited strong criticism from a group of its institutional investors, which are concerned that the companys revised strategy isnt consistent with the ParisAgreement to limit global warming nor in line with its pledge reach net zero by 2050.
Around the world, the courts have emerged as the leading edge to compel more meaningful climate action and call greenwashing to account, with as many as 3,000 legal challenges filed in more than 55 countries. courts that accuse big polluters of lying about climatechange to hamper the energy transition. Last January, the U.S.
While criticisms of Trumps abrupt demolition of USAID have largely focused on global public health projects that have long enjoyed bipartisan support, the effort also threatens billions of dollars meant to combat climatechange. Many commitments under the ParisAgreement are funding-contingent, and thats very much in peril.
Environment and ClimateChange Minister Steven Guilbeault pledged to release a plan next year that delivers on the 2035 target, even as Ottawa faces considerable blowback on its current efforts to meet its 2030 goal of a 40% to 45% reduction. The Canadian Climate Institute has estimated that in 2023, GHGs were 8% below 2005 levels.
The umbrella organization for global financial-industry action on climatechange, the Glasgow Financial Alliance for Net Zero (GFANZ), is in crisis after major U.S. Why is this crisis happening now, and does it represent an about-face by the financial industry in how it handles the climate emergency? What is GFANZ?
Thats why the super election year was also considered crucial for climatechange a chance for electorates to install leaders who could shepherd the delicate decisions required to drive down our planet-heating emissions. This suggests that crafting a climate message that resonates shouldnt be that hard. But it has been.
While many trends in climatechange and sustainability action are worrying, the good news is that governments around the world continue to move regulations forward in ways that could have positive impacts across ESG topics and issues. public companies in 2023. The outgoing Biden Administration announced the U.S. And the U.S.
China’s crisis – President Xi Jinping committed China to an all-economy and all-greenhouse gases climate strategy at a virtual meeting of global leaders co-chaired by the UN and COP30 hosts Brazil.
The UNGA request was made after the Pacific Island State of Vanuatu announced in 2021 that it would seek an advisory opinion from the court on climatechange. Nearly all countries have signed the ParisAgreement, although President Trump has initiated proceedings to withdraw the U.S. C above pre-industrial levels.
The European Banking Authoritys implementation of Basel III includes Pillar 3 reporting requirements that stipulate annual template-based disclosures on physical and transition risks, plus two metrics that measure changes in the exposure of bank assets to climatechange.
The European Banking Authority’s implementation of Basel III includes Pillar 3 reporting requirements that stipulate annual template-based disclosures on physical and transition risks, plus two metrics that measure changes in the exposure of bank assets to climatechange.
[link] Copy By Belinda Schäpe, Martin Voss, Barbara Pongratz, Dialogue Earth 8 minute read July 22, 2025 With a new government formed in May, Germany’s trajectory on climate policy, economic strategy and relations with China is poised for a recalibration. Both leaders mentioned climatechange as a key area for cooperation.
[link] Copy By Zhou Xiaozhu, Dialogue Earth 7 minute read June 10, 2025 On the day he became president again, Donald Trump signed an executive order to take the US out of the ParisAgreement on climatechange. Still, the US moves rocked confidence in global climate governance. billion originally pledged in 2022.
And when it comes to climatechange, this news can seem uniformly grim (its not, and well come back to this). But its worth reminding ourselves of the important progress thats happening on climate and clean energy around the world as an antidote to pessimism that can paralyze us right at the moment when action is needed most.
Also targeted for suppression: the study of climatechange the basic physical process of global warming that has been accurately understood and described since the early 19th century. Simply, the fiscal threats posed by climatechange and the energy transition are emerging more and more clearly into view.
Pope Francis leaves behind a profound moral legacy on climate justice, urging global action through his landmark encyclicals and unwavering advocacy for the planet’s most vulnerable. That year was an important one for climate negotiations. The letter is also clear on the climate being a global common good.
As of 31 December 2023, US$856 billion in assets were benchmarked to MSCI ESG and climate indices, compared to MSCI ACWI Index’s US$76.4 Storebrand makes the distinction between Paris-alignment reporting and financial alignment. trillion total.
Sofidel has once again been recognized by CDP – one of the main independent organizations for measuring and reporting environmental performance globally – for its commitment to fighting climatechange and deforestation.
As the global community steps up to accelerate urgent action against climatechange, a multitude of sustainability events are taking place over the next few months to make critical progress towards a healthier planet. What is the 8th Asia-Pacific ClimateChange Adaptation (APAN) Forum?
Published by Las Vegas Sands on October 18, 2023 3BL has named Sands to its annual 100 Best Corporate Citizens ranking, recognizing outstanding environmental, social and governance transparency and performance among the 1,000 largest U.S. News and World Report’s Best Companies To Work For 2023-2024 list. public companies.
The world’s methane emissions remained stalled near record levels in 2023, and Canada tied for seventh on the list of top 10 emitters, the International Energy Agency (IEA) reported this week in the latest edition of its annual Global Methane Tracker. The biggest emitters were: • United States, 13.3 megatonnes; • Russia, 11.2 Mt; • Iran, 6.0
Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the ParisAgreement in the first place. A statement provided by Shell welcomed signs that some form of new regulatory regime was on the way.
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