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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

HSBC is latest bank to pledge net-zero financed emissions by mid-century. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Cecilia Keating.

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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the Paris Agreement in the first place. A statement provided by Shell welcomed signs that some form of new regulatory regime was on the way.

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Analyzing Carbon Offset Markets’ role in our journey to a net-zero world

Carlos Sanchez

While some recognise carbon offsets markets as key for us to achieve net-zero emissions world by 2050 by funnelling cash into cost-effective projects, others believe credits are a dangerous distraction that allows polluters to pay their way out of the problem. 1 – 1.5ºC emission pathway (Source McKinsey & Co).

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Aligning Finance with Climate Action

Chris Hall

Julie Segal, Visiting Fellow at the London School of Economics’ Grantham Research Institute on Climate Change & the Environment, outlines the c hallenges and opportunities of the Paris Agreement’s Article 2.1(c). Aligning investments with climate change mitigation and adaptation goals, as required under Article 2.1(c)

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Sustainable Finance Demands More Than Just Cutting Carbon

Chris Hall

As in the rest of the private sector, where at least 20% of the world’s 2,000 largest public companies have committed to achieve net zero emissions by 2050, many leading investors are also focused on reducing carbon emissions. Going Beyond Net Zero Emissions. Paris Agreement alignment is a holistic process.

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Building momentum to phase out fossil fuels

We Mean Business Coalition

C objective of the Paris Agreement and supported the accelerated phase-out of fossil fuels , coupled with a rapid scaling up of clean energy. A critical issue right now is how we safeguard the freedom of financial institutions to invest in the companies planning for the net zero future. and beyond.

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‘First nail in the coffin’ for fossil fuels at COP28

Corporate Knights

The COP28 decision text, released Wednesday morning, included language about “transitioning away from fossil fuels in energy systems” and “reducing both consumption and production of fossil fuels in a just, orderly and equitable manner so as to achieve net zero by, or before, or around 2050 in keeping with the science”.The

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