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IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

A stark choice between climate stability and global devastation is the constant drumbeat from a landmark report released today by the Intergovernmental Panel on Climate Change (IPCC). Already, “widespread and rapid changes in the atmosphere, ocean, cryosphere , and biosphere have occurred,” the report says.

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

Officials cast it as one major part of a process that also includes a phaseout of public financing for domestic fossil fuel projects through Crown agencies like Export Development Canada. In a release Monday, Oil Change International placed the total at $50 billion since 2019. Carbon Capture Backed by Carbon Offsets?

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All Systems go for Net Zero

Chris Hall

This means the companies are on a pathway to net zero, according to a third-party assessment, but that’s not necessarily the same as targeting net zero by 2050 and may not be consistent with the remaining carbon budget. It may, for example, include predictions on new forms of technology or substantial use of carbon offsets.”

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Keeping on the Straight and Narrow

Chris Hall

On 25 April, the UK government launched its Transition Plan Taskforce (TPT) to develop a transition plan disclosure framework. There are other areas in which the TPT will have to set their own expectations, spanning from reliance on carbon offsetting and carbon capture and storage (CCS) technologies to transparency on climate lobbying. .

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Energy Transition Accelerator

Chris Hall

Mobilising public and private capital to fund the net zero transition efforts of emerging markets and developing economies (EMDEs) has been a central theme of discussions at COP27 in Egypt. . One of the most notable was announced by US Special Presidential Envoy for Climate John Kerry on COP27’s Finance Day. How will the ETA work? .

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Mitigating social impact in a low-carbon Singapore

Eco-Business

The global fight against climate change is gradually gaining momentum, with countries like Canada, China, Germany, India, Japan, and the EU reaffirming commitment to the Paris Agreement, and more than 80 mayors in the US confirming that they will continue with agreed guidelines.