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ESG Today: Week in Review

ESG Today

See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements HSBC Buys Biomass-Based Sustainable Aviation Fuel in Deal with Cathay Pacific, EcoCeres Alfa Laval Accelerates Net Zero Goal by 3 Years to 2027 Mercedes-Benz Sharpens Sustainability Focus on 6 Key ESG Areas BlackRock, (..)

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Take Five: Is Your Cup Half-full or Half-empty?

Chris Hall

Rachel Reeves is not the first Chancellor of the Exchequer to commit to pursuing policies to deliver net zero. billion) in capital investment over the next five years, enabled by a change to the government’s fiscal rules, some of which will be channeled into the net zero transition via GB Energy and the National Wealth Fund.

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Scale Needed to Power African Renewables

Chris Hall

This needs to change if countries on the continent are to meet their 2050 net zero goals, mitigating and adapting to the impacts of climate change. in 2024, up from just under 2% in 2023, and is predicted to grow by 5% per year between 2025 and 2027. The IEA expects demand to double by 2040, and even triple in some regions.

Banking 81
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Squaring the circle: Making sense of the UK Industrial Strategy

Envirotec Magazine

While reservations on that front were apparent from many of the expected quarters – and the document evinces a confidence in net zero as a route to cheaper energy that seems at increasing variance with much of the wider world – there were also misgivings from some in the sustainability sphere about its fairness.

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Take Five: Bigger, Better, Bolder

Chris Hall

It has become increasingly apparent that private sector support will be needed to fulfil the New Collective Quantified Goal (NCQG) – putting greater onus on the crowding-in role of multilateral development banks. The UK, it’s worth noting, recently confirmed its CBAM plans for 2027. trillion required annually.

Banking 81
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Seven sustainable finance predictions for 2025

Corporate Knights

Aconsequence of this pushback came on New Years Eve, when global financial behemoths Bank of America and Citigroup left the Net-Zero Banking Alliance, one of the investment industry climate coalitions championed by the United Nations. billion, with the United States registering net outflows.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey Sustainabilty

percent reduction factor for 2024 to 2027 and 4.4 An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. 4 Direct air capture: A key technology for net zero , International Energy Agency, April 2022. percent, dropping to around 0.8 billion tons by 2030.