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

Corporate Knights

Others warned that the agreement doesn't fix big mistakes that carbon trading has made in the past. The voluntary market for carbon credits – separate from cap-and-trade markets regulated by governments – has grown slowly over the last few years, hobbled by loose definitions and lax credit verification.

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Inogen Alliance Presents at COP29 in Azerbaijan

3BL Media

Abdel-Aziz is currently the co-chair of Sharm El Sheikh Mitigation Ambition and Implementation Work Program under the Paris Agreement. Dr. Abdel-Aziz is a member of the Methodologies Panel of the CDM Executive Board since 2005 and a member of the Methodologies Expert Panel of Article 6.4.

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Which banks are financing the clean energy transition?

Corporate Knights

The real question is, are the world’s banks ready to fund the development of renewable technologies at scale, and updating all the infrastructure in between? And which banks will take the lead? . Corporate Knights researchers ranked 60 banks for which they found quantifiable sustainable-revenue data from an initial pool of 91 banks.

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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

Net Zero 398
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HSBC to stop financing new oil and gas fields except in Canada

Corporate Knights

“It’s a hugely important symbolic step,” says Matt Price, director of corporate engagement for Investors for Paris Compliance, a group that focuses on the financial industry response to the Paris Agreement climate accord. Matt Price, director of corporate engagement for Investors for Paris Compliance.

Net Zero 318
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Expectations Going Into COP28

3BL Media

Serving as a negotiator to the series of Climate Change COP events since COP21 (2015), where the Paris Agreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into landmark developments and prospects this year. I've been participating since COP 21 when the adoption of the Paris Agreement took place.

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Banks Must Radically Change Climate Perspective

Chris Hall

Around 90% of EU banks are exposed to climate transition risks, recent analysis from the ECB shows. Banks globally are increasingly feeling two-pronged pressure from regulators and investors to up their climate ambition and stop financing fossil fuels.

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