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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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‘NOCs’ Knock Investors off Net Zero Track

Chris Hall

Investors that have set net zero targets for their portfolios have been cautioned to carefully evaluate their positions in majority state-owned oil and gas laggards. The targets of 24 of the companies were found to not be aligned with the goals of the Paris Agreement. billion in 2022, a 46.5%

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Climate policy survives the EU election – for now

Corporate Knights

and China are the more appealing destinations for net-zero industries.” If the far-right National Rally (RN) wins the domestic elections scheduled for June 30 and July 7, it would claim the post of prime minister, while Macron would continue as president until 2027.

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Take Five: Bigger, Better, Bolder

Chris Hall

Sensing the difficulties, a letter from the Glasgow Financial Alliance for Net Zero Secretariat, the Blended Finance Taskforce and the Global Capacity Building Coalition reiterated the ability of the private sector to deliver US$1 trillion toward the annual US$2.4 The UK, it’s worth noting, recently confirmed its CBAM plans for 2027.

Banking 81
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Maersk Sources 100,000 Tonnes of Green Methanol to Support Fleet Decarbonization Goals

ESG Today

This is Maersk’s eighth green-methanol agreement, following the company’s recently announced several deals to source at least 730,000 tones of green methanol per year by the end of 2025. The commercial start for the project is anticipated to commence in 2027.

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Bloomberg report: Urgent deployment of existing technology can get world close to net zero

Envirotec Magazine

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 Paris Agreement – holding global warming to well below 2°C and avoiding the worst impacts of climate change – and what it would take to get there.

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Institutional Investors Prepare for AGM Battle with BP

Chris Hall

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 Paris Agreement to limit global warming nor in line with its pledge reach net zero by 2050.