Corporate Knights

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‘Extraordinary growth’ in clean energy is keeping the ‘narrowed’ pathway to 1.5 ̊C open: IEA

Corporate Knights

Fossil fuel demand falls 25% by 2030, fossil sector methane emissions drop by three-quarters, energy efficiency adoption doubles, global renewable energy capacity triples, and annual clean energy investment rises from US$1.8 trillion in 2023 to $4.5 trillion by the early 2030s in the latest net-zero roadmap published this morning by the International Energy Agency.

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Where's the plant-based beef?

Corporate Knights

What happened to plant-based meats? Remember when they were supposed to save the planet? Pea-based Beyond Meat and soy-based Impossible Foods were meant to offer all the meaty mouth magic of their animal-based counterparts, while doing much less harm to the planet, the animals and our arteries. And they did, for a bit. But then something changed. No longer are media, investors or flexitarians rallying behind the novel products quite so fervently.

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How student campaigners finally convinced NYU to divest from fossil fuels

Corporate Knights

Last February, four student activists at Manhattan’s New York University got the meeting they’d been waiting for: a chance to tell the school’s board of trustees why the university should divest the fossil fuel stocks in its US$5-billion endowment. Their chances were slim: NYU had resisted divestment for two decades and refused even to disclose what investments they owned.

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Green growth or “degrowth”? That is the question

Corporate Knights

When she took to the floor to give her State of the Union speech on 13 September, European Commission president Ursula von der Leyen largely stood by the script. Describing her vision of an economically buoyant and sustainable Europe in the era of climate change, she called on the EU to accelerate the development of the clean-tech sector, “from wind to steel, from batteries to electric vehicles”.

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Canadian pension funds ignore rapid rise in climate dangers

Corporate Knights

Canadian pension funds with hundreds of billions in assets are ignoring the threat to their members’ retirement security as the global climate tips into a new and more destructive phase. “There are some pretty ominous concerns that we’re approaching tipping points,” says Patrick DeRochie, senior manager with Shift Action for Pension Wealth and Planet Health, an educational and advocacy organization on Canadian pensions and climate.

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Kellogg’s supplier controversy in Indonesia shows palm oil is still a problem

Corporate Knights

JAKARTA — U.S. food giant Kellogg’s is the latest major consumer brand to suspend its purchases of palm oil from Indonesian plantation giant Astra Agro Lestari, following reports of environmental and social violations. The cereal maker joins the likes of Hershey’s, PepsiCo, and Oreo maker Mondelēz in distancing itself from AAL, the second-largest palm oil company in Indonesia.

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Can swapping debt for nature save the Amazon? Peru is giving it a go

Corporate Knights

Peru signed a deal last week that will redirect millions of dollars of international debt to environmental efforts in the Amazon rainforest, a move that could help it meet long-term conservation goals and reduce pressure from creditors. The South American country struck a $20 million debt-for-nature swap agreement with the U.S. that transfers debt payments to conservation initiatives like improving protected areas and natural resource management.