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Confirmation of a January 2027 start for a UK Carbon Border Adjustment Mechanism was welcomed as providing certainty to investors over its scope. But overall, the first Labour budget for 15 years was far from an exemplar of the joined-up approach advocated by former ClimateChange Committee chair Lord Deben , with the £3.4
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.
[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.
From a climatechange perspective, steelmaking is considered one of the "hard-to-abate" sectors. Looking forward, with customers, investors and policymakers increasing pressure to adhere to the ParisAgreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness.
trillion) in AUM and 5% of Shell’s stock co-filed a climate resolution with Follow This at the oil and gas major. No one is advocating for turning the oil and gas taps off overnight, as this would cause massive global economic upheaval. The ball is now in the investors’ court. “But
Thierry Philipponnat, Chief Economist at Finance Watch, warns that economic modelling must evolve to prompt policymakers to take action on climate. C by 2027. As these perilous climate projections unfold, one might expect an inevitable upheaval in the global economy.
Instead of billions of data points, we are dealing with billions of emissions sources and billions of humans impacted by climatechange. Scaling up climate-smart buildings was only possible because of the collaborative relationships fostered by GBPN. Knowledge exchange must be reciprocal.
The targets of 24 of the companies were found to not be aligned with the goals of the ParisAgreement. But Carbon Tracker chose to exclude fully state-owned NOCs and companies based in Russia, describing them as “[firms] over which investors have little influence”.
Previewing the IEA’s annual World Energy Outlook, Executive Director Fatih Birol said the “age of seemingly relentless growth is set to come to an end this decade, bringing with it significant implications for the global energy sector and the fight against climatechange”.
The Irish National Development Plan 2018-2027 allocates 21.8 Sustainability challenges such as climatechange, biodiversity loss, clean water and air, and achieving a circular economy do not recognise human-made borders” commented Professor John O’Halloran, President of UCC.
billion – to address some of the service and pollution issues – but Thames must also refinance £2 billion of index-linked debt by 2027, with some bonds maturing in October. They’ve also agreed to fund an eight-year transformation programme to the tune of £1.5
Both measures are due to be finalised in 2025 and come into force from 2027. “The adoption of the [strategy] is a monumental development for the IMO and opens a new chapter towards maritime decarbonisation,” said IMO Secretary-General Kitack Lim. “At the same time, it is not the end goal.
Although prevailing wisdom holds that time is running out, BloombergNEF’s New Energy Outlook 2024 seemingly shows how the world could still achieve the major goal of the ParisAgreement – holding global warming to well below 2°C and avoiding the worst impacts of climatechange – and what it would take to get there.
Stakeholders are alive to the climate concerns and without stakeholder buy-in, airport operators and airlines could lose their social licence and their ability to grow. Consumers’ consumption patterns and attitudes have changed over the last decade. MtCO2e by 2050.
A report by the firm predicts that banks, insurers, private equity and investment managers will spend as much as US$256 million on specialist software by 2027. C goal of the ParisAgreement. billion on carbon management software. The CAC SBT 1.5° index looks to respond to the growing demand for sustainable investment tools.
The Intergovernmental Panel on ClimateChange (IPCC) Sixth Assessment Report from Working Group III points to the need for “deep reductions” in GHG emissions beyond CO2, flagging methane in particular. Finally, it requires flaring to occur under conditions of complete combustion.
million students to protest inaction around climatechange in 2019, to an 1848 revolution in Hungary that brought reforms by the Habsburg rulers. nationally determined contribution (NDC) under the ParisAgreement. At G&A, we know that transparency ultimately drives action.
Highlighting significant regulatory advancements in climatechange mitigation and sustainability, the Q4 Global Legislative Update offers an in-depth look at the latest policy shifts impacting our industry. Key Insights In Q4 2024, global efforts to address climatechange and sustainability advanced through key regulatory developments.
Where to from here on climate? is stepping away from the ParisAgreement, clean energy, climate funding and environmental regulations. Dont count on election cycles to curb investor desires to see climate considerations embedded in strategic, risk and financial decisions.
Environmental successes are easily overlooked in a world ravaged by climatechange, biodiversity loss, an ongoing global pandemic and attacks against democracy. The dystopian legacy of the former president is becoming increasingly clear to all but the willfully ignorant as is his politicization of climatechange and COVID.
which had publicly opposed the agreement, left the negotiations prior to the vote. The new measures are set to be formally adopted in October 2025, and to enter into force in 2027. In a diplomatic note sent out following the vote, the U.S. warned of reciprocal measures to compensate for any fees under the new framework charged to U.S.
From the potential rollback of climate policies, to fears of a hostile environment for sustainable investing, to threats of the US leaving the ParisAgreement once more – speculation has been rife. Let’s not sugarcoat things: the outcome of the 2024 US presidential election represents a setback for climate action.
million students to protest inaction around climatechange in 2019, to an 1848 revolution in Hungary that brought reforms by the Habsburg rulers. nationally determined contribution (NDC) under the ParisAgreement. At G&A, we know that transparency ultimately drives action.
The order forms the latest in a series of actions by the Trump administration directed at reversing the prior Biden administrations focus on addressing climatechange, including announcing its departure from the ParisAgreement as one of President Trumps first executive orders upon taking office.
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