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EU Parliament Adopts Environmental, Human Rights Sustainability Due Diligence Law

ESG Today

The law also requires companies to adopt transition plans to align their businesses with the Paris Agreement goal with limiting global warming to 1.5°C, billion in 2027 followed by companies with more than 3,000 employees and €900 million revenues in 2028, and for all other companies in the scope of the law in 2029.

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Euronext to Require Science-Based Emissions Reduction Targets from Suppliers

ESG Today

By 2027, its suppliers, which represent 67% of Euronext’s GHG emissions derived from purchased goods and services, will also have to set targets on their Scope 1 and 2 emissions. C compared to pre-industrial levels, as set out in the Paris Agreement. from a 2019 baseline.

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Beware the Green Swan

Chris Hall

Almost seven years since the Paris Agreement was signed at COP21, any number of initiatives have been launched with the aim of reducing greenhouse gas (GHG) emissions and limiting global warming to 1.5°C. C by 2027. GHG emissions are still hovering around 40 gigatonnes of CO2 per annum.

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UK CBAM Success Hinges on EU Ties

Chris Hall

In Europe, these free allowances are being phased out over time and will be replaced by a CBAM, which will equalise the price of carbon between domestic products and imports to prevent ‘carbon leakage’, an increase of emissions outside of the region in question. Question marks The UK’s CBAM will be applied to Scope 1, 2 and some third-party emissions (..)

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

ESG Today

We have set a 2040 net zero target for our entire business – but importantly to stay in line with the Paris Agreement, we have also set 2030 targets to ensure meaningful progress in this decade.”. The commercial start for the project is anticipated to commence in 2027.

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UCC and Queen’s University establish SDSN Ireland, the first All-Island Sustainability Network

Sustainable Development Network

The Irish National Development Plan 2018-2027 allocates 21.8 The plan sets out the Government's response to the Sustainable Development Goals (SDGs) and commits Ireland to mainstreaming the SDGs across national policy and achieving all 17 of the Goals by 2030.

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‘NOCs’ Knock Investors off Net Zero Track

Chris Hall

The targets of 24 of the companies were found to not be aligned with the goals of the Paris Agreement. The NOC is planning to increase oil production capacity from 12 million barrels per day to 13 million by 2027. billion in 2022, a 46.5%