Remove Banking Remove Divestment Remove Greenwashing Remove Paris Agreement
article thumbnail

New Climate Rules and Guidance for UK Pensions

Chris Hall

UK pension schemes will be required to demonstrate alignment with the Paris Agreement from October, but will also be given greater flexibility to make climate-positive investments as well as new stewardship guidance, Work and Pensions Secretary Therese Coffey confirmed today. Paris alignment. degrees Celsius.

article thumbnail

The 10 Big Things To Watch Across World’s Energy Markets in 2023

3BL Media

The price signal from the biggest market in term of traded value, the European Union, will be muted as lawmakers eye carbon as a piggy bank to fund the bloc’s shift from Russian gas. The World Bank estimates that a carbon price of $50 to $100 per ton of CO2 is required by 2030 to meet the temperature goals of the Paris Agreement.

article thumbnail

From China’s stand to Walmart’s wish list: A Climate Week news cheat sheet

GreenBiz

The intention is to align its portfolio with the goals of the Paris Agreement. Morgan Stanley, along with Bank of America and Citigroup, has agreed to deeper disclosure.) And the mayors of 12 cities — representing 36 million residents — announced their plans to divest from fossil fuels. On the other side of the U.S.,