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IOC Welcomes Admission As Observer Organisation to UN Climate Change

3BL Media

International Olympic Committee news This will enable the IOC to engage more effectively with the global efforts to address climate change, underscoring its commitment to reducing emissions and to leveraging the role of sport as an “important enabler” for the United Nations (UN) Sustainable Development Goals (SDGs). “We

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Volvo, Chrysler maker swerve away from lobby group over EU electric car mandate

Corporate Knights

Effectively, the new standard will be electric vehicles – with the EU deferring until 2026 a decision on whether to phase out combustion/electric hybrids by 2035. The agreement quashed a request for more time by some automakers, which revealed a growing split in the automobile and broader mobility sectors.

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ECB to Transition Corporate Bond Portfolio to Better Climate Performers

ESG Today

The European Central Bank (ECB) announced today a series of moves to further incorporate climate change considerations into its monetary policy framework, including actions to decarbonize its portfolio of corporate bond holdings over time, and to introduce climate-related disclosure requirements for collateral.

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EU Lawmakers Raise the Price of Carbon Emissions for Airlines

ESG Today

The agreement, revising the EU Emissions Trading System (EU ETS) rules on aviation, forms part of the European Commission’s “Fit for 55” roadmap , the EU initiative to cut greenhouse gas (GHG) emissions by 55% by 2030, compared to 1990 levels.

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A Very African Climate Conversation

Chris Hall

COP27 must boost Africa’s adaptation to the physical risks of climate change, says Amal-Lee Amin, Head of Climate Change at British International Investment. Africa contributes less than 3% to global emissions but is the most vulnerable continent in the world to the negative impacts form climate change.

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UK CBAM Success Hinges on EU Ties

Chris Hall

The UK ETS Authority is currently committed to maintaining current levels of free allocation for industrial sectors until 2026. “A question mark also remains over how the UK plans to phase out free allowances,” added Folland. The post UK CBAM Success Hinges on EU Ties appeared first on ESG Investor.

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Ørsted Awarded $1 Billion Deal to Capture and Store Over 8 Million Tonnes of Carbon

ESG Today

Ørsted said that it expects the plants to begin capturing and storing biogenic carbon emitted from the plants in 2025, and to capture and store approximately 430,000 tonnes of CO2 every year from the beginning of 2026.