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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. At least one major international bank, HSBC, is voting with its feet.

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Inogen Alliance Presents at COP29 in Azerbaijan

3BL Media

Our team attending and presenting includes our local Associate, Sustainera Solutions with Ilkin Hajiyev and team, who has been involved since it was announced that Baku would be the next location. Abdel-Aziz is currently the co-chair of Sharm El Sheikh Mitigation Ambition and Implementation Work Program under the Paris Agreement.

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‘Any delay means risk’: Senator looks to speed up banks’ net-zero journey

Corporate Knights

In the pursuit of its net-zero 2050 goal, Canada needs a rigorous strategy to require banks and other key financial system players, including Crown corporations, to fully align their operations with the country’s international climate commitments. The present financial system fuels the climate crisis,” Galvez said in an interview. “We

Net Zero 345
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Taking stock of Chase, HSBC, and Morgan Stanley's recent climate commitments

GreenBiz

Recent months have seen major moves on climate action by some of the world’s largest private banks, including JPMorgan Chase, HSBC and Morgan Stanley. Looking across their investments in different sectors and regions, more banks are considering how to reduce the carbon intensity of entire portfolios over time.

Net Zero 365
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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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Editor's note: The world needs a climate moonshot

Corporate Knights

It also means cutting off financing for new fossil fuel projects, which HSBC (one of the largest banks in the world) and Lloyds (the largest domestic bank in the U.K.) But as former Bank of England (and Canada) governor Mark Carney has made clear, “the biggest threat to achieving 1.5

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Standard Chartered to Engage with all Priority Clients in High-Emitting Sectors Over Next 12 Months

ESG Today

International banking group Standard Charteredannounced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach net zero emissions across its financing activities by 2050.