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New framework for CO2 offsets could create "cowboy carbon markets," critics warn

Corporate Knights

For the first time carbon credits will be recognized under the Paris Agreement, enabling countries and companies to use offsets to meet their carbon reduction targets, potentially giving a huge boost to carbon credit trading. group advocating market-based solutions to climate change, cautiously praised the deal.

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ECB Sets Goal to Reduce Emissions of €331 Billion Corporate Bond Portfolio by 7% Per Year

ESG Today

According to the ECB, the new target is aimed at keeping its holdings on a path that supports the goals of the Paris Agreement and EU climate neutrality objectives. At the ECB, we take climate change into account when pursuing our mandate.

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NGFS Releases its First Short Term Climate Scenarios

ESG Today

The NGFS was established in 2017, with the purpose of helping to strengthen the global response required to meet the goals of the Paris agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments in the broader context of environmentally sustainable development.

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COP29 Deal Can Unlock Public and Private Climate Finance

Chris Hall

Transformation and innovation are needed in the financial system to make good on Baku agreement, says Ben Taylor, Partner, Climate Change and Sustainability Services at EY. Taylor: The standout outcome for institutional investors was probably the tripling of climate finance.

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Nordea Signs 68,000 Tonne Carbon Removal Agreement

ESG Today

Northern Europe-based financial services company Nordea announced that it has signed a deal with Norwegian startup Inherit Carbon Solutions to remove at least 68,000 tonnes of carbon dioxide from the atmosphere, providing carbon removal credits to the bank starting next year.

Net Zero 105
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Inogen Alliance Presents at COP29 in Azerbaijan

3BL Media

Blue Zone events: WATER RESILIENCE AND CLIMATE CHANGE. This SVA framework, designed to evaluate the effects of climate change on water resources—from supply chains to distribution networks—has been applied in over 800 locations globally.

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Take Five: A Victory for Vigilance

Chris Hall

The UKs finance sector appears to see things differently, with its banks taking their lead from their American counterparts, while its institutional investors are increasingly turning their eyes to Europe. In its latest recommendations , the UKs Climate Change Committee (CCC) does not comment directly on the adequacy of these two documents.