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NCQG Must Triple Climate Finance to EMDEs

Chris Hall

trillion a year by 2030 to achieve the goals of the Paris Agreement, with EMDEs accounting for US$2.3-US2.5 trillion required by 2035, the report said. “External finance from all sources, international public and private along with others, will need to cover US$1 trillion per year of the total investment need by 2030 and around US$1.3

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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Green groups urge UN to raise climate ambition on global shipping. The global shipping industry's decarbonization efforts once again face stormy seas. Faïg Abbasov, head of shipping at campaign group Transport & Environment, told BusinessGreen the proposal was "essentially an empty shell." "To Cecilia Keating. To achieve 1.5

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Volvo Targets 75% Emissions Reduction per Car by 2030

ESG Today

Volvo Cars announced a new climate-related commitment, unveiling a new aim to reduce CO2 emissions per car by 75% by 2030, compared to a 2018 baseline. Volvo Cars has also pledged to sell only fully electric cars across its global portfolio by 2030.

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Firm Steer Needed for Shipping Transition

Chris Hall

The shipping industry’s green transition will be stuck in the slow lane without incentives and rules to drive more private investment to diverse innovations, COP28 heard yesterday. Green fuels seen as lifeline, as CEOs call on regulator to accelerate reforms at COP28.

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Trafigura Commits to Buy 50,000 Tons of Carbon Removal Credits to Help Develop Market

ESG Today

Global commodities trading company Trafigura announced today a new commitment to purchase at least 50,000 tons of carbon dioxide removal credits by the end of 2030, joining an initiative aimed at supporting the development of the CO2 removal market and solutions.

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Digitally-Driven Operations Enhance Industrial Sustainability and Performance

3BL Media

DESCRIPTION: As we look back to Earth Day 2022, and cap a month of focus on our planet, I am reminded of the COP26 collaboration ambitions and the clear message that industry has a critical, active role to play in in advancing action on climate change. by Chris Johnson. SOURCE: Nokia.

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Shipping sets Sail for Greener Horizons

Chris Hall

It’s an industry you can’t put on the internet; we will need shipping in the years to come, which means we have to ensure it is sustainable in the long term,” says Stephen Fewster, Global Head of Shipping Finance at Amsterdam-headquartered ING Bank. . Hydrogen has very low density, making it difficult to store on large ships.