article thumbnail

EU Parliament Votes to Push for End of Global Fossil Fuel Subsidies by 2025 at COP28

ESG Today

Lawmakers in the European Parliament voted 462-134 for a resolution outlining its delegation’s position at the upcoming UN COP28 Climate Conference, which includes a call for the end of fossil fuel subsidies globally by 2025. COP28 is set to take place in Dubai from November 30 to December 12.

article thumbnail

Wind industry demands action from world leaders ahead of COP26 climate summit

Renewable Energy World

More than 90 wind energy companies and associations from around the world called on leaders to take decisive action in pursuit of net-zero carbon emissions goals ahead of the COP26 United Nations climate summit next month. What we don't have yet is the unprecedented political will we need to make this happen.".

COP26 96
Insiders

Sign Up for our Newsletter

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

article thumbnail

Energize Program Announces First Year Progress Including Formation of PPA Buyers' Cohort for Climate Action

3BL Media

DESCRIPTION: November 11 2022, Louisville, KY /3BL Media/ – Schneider Electric today announced that the Energize program, launched in 2021 at COP26, has formed the program’s first Power Purchase Agreement (PPA) buyers’ cohort to purchase renewable electricity. . link] #LifeIsOn @SchneiderElec #PPA.

COP26 130
article thumbnail

Fidelity to Vote Against Companies That Don’t Meet Deforestation-Related Expectations

ESG Today

Jenn-Hui Tan, Chief Sustainability Officer, Fidelity International said: “The loss of natural capital is a systematic risk to capital markets, and as such, prioritising and contributing to the health and preservation of our biodiversity and ecosystems is essential.

article thumbnail

No “Credible” Net Zero Path Without Halting Deforestation

Chris Hall

The Church Commissioners’ COP26 commitment to eliminate soft commodity-driven deforestation from its portfolio will be supported by COP28 pledges. Following the commitment at COP26, the Church Commissioners, which has £10.3 Less than less than 10% were deemed to have a robust public commitment to end deforestation by 2025.

article thumbnail

World Energy Outlook 2021: Transition to renewables not fast enough for net-zero targets

Renewable Energy World

The International Energy Agency called for "unmistakable" action by world leaders to reduce emissions ahead of the COP26 Climate Change Conference , warning that the global transition to renewable energy isn't happening quickly enough to meet net-zero goals. Follow @EngelsAngle. The global average temperature rise in 2100 is held to 2.1°C

article thumbnail

Divesting works: Study finds ditching fossil stocks lowers corporate footprints

Corporate Knights

Just before the launch of COP26, the UN climate conference in November, the DivestInvest network calculated that endowments, portfolios and pension funds worth nearly US$40 trillion have now committed to divesting their fossil fuel holdings. Eroding public support for the sector has been considered valuable work in itself.