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Listen to the Science

Chris Hall

As the fallout continues over the Science Based Targets initiative’s approach to offsets, is the net zero target-setting landscape for corporates fit for purpose? In 2024, the number of listed companies with a climate commitment validated by the Science Based Targets initiative (SBTi) jumped to 20% from just 12% in 2023.

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

Corporate Knights

Those guidelines are due to be released in 2024. Now, it’s being taken up by a multilateral panel that is expected to report in 2024 if all goes well. 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.

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What the UAE Consensus – agreed at COP28 in Dubai – means for business

We Mean Business Coalition

The need for a just transition is also recognised, as well as achieving net-zero by 2050 through deep, rapid and sustained reductions in greenhouse gas emissions in line with 1.5 °C C goal of the Paris Agreement within reach. These leaders in high-integrity carbon markets are working together more closely now than ever.

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‘First nail in the coffin’ for fossil fuels at COP28

Corporate Knights

The COP28 decision text, released Wednesday morning, included language about “transitioning away from fossil fuels in energy systems” and “reducing both consumption and production of fossil fuels in a just, orderly and equitable manner so as to achieve net zero by, or before, or around 2050 in keeping with the science”.The

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Take Five: In the End, a “Beginning”

Chris Hall

For the record, the final text called on parties to contribute to “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science”. It also includes failure to reach agreement on Articles 6.2

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How the ‘Global Stocktake’ Can Accelerate Climate Action

Chris Hall

Established under Article 14 of the Paris Agreement , the Global Stocktake is designed “to assess the collective progress towards achieving the purpose of [the Paris] Agreement and its long-term goals. What is the purpose of the Global Stocktake? But the Global Stocktake is meant to go far beyond an assessment.

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Take-off for the Net Zero Transition  

Chris Hall

COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to net zero will impact their portfolios. In this summary article, ESG Investor covers some of the areas with the biggest implications for asset owners. The official verdict was clear. C of climate change by 2100.