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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

While the pledge provides limited detail on the measures it will take to slash the carbon emissions of its portfolio or operations, the bank said it would establish "clear, measurable pathways" to net-zero using the Paris Agreement's Capital Transition Assessment Tool (PACTA). Pull Quote.

Net Zero 478
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Three New Business Models to Achieve Carbon-Reduction Goals

3BL Media

This is the second in a three-part series exploring how Article 6 of the Paris Agreement can spur the clean energy transition. This type of agreement also helps distribute the project risks, facilitating access to finance. Ensure carbon market compliance and maximize the potential to lower emission reduction costs.

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4 ESG trends to watch in 2022

Carlos Sanchez

Finally, we had the Conference of the parties COP26, where countries and businesses increased their climate ambition. Among several requirements, companies will need to reach deep decarbonization of 90-95% before 2050. Besides, companies will have to limit the carbon offsetting to a max of 10% of the firm’s emissions.

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What Net-Zero companies are and How to start the journey

Carlos Sanchez

Then, the organization can balance out the remaining emissions by investing in projects that remove emissions (carbon sinks). After the signature of the Paris Agreement in 2015, science has become widely accepted. Therefore, companies have increasingly focused on reducing carbon emissions. 4 – Report progress.

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Carbon markets could help the planet, but only if Indigenous land rights are recognized

Corporate Knights

Carbon markets are trading systems through which countries, businesses, individuals or other entities buy or sell units of greenhouse gas emissions. These markets facilitate carbon offsetting — compensating for carbon dioxide emissions in one location by reducing or removing emissions elsewhere. Communities at risk.

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Progress at last on climate finance at COP27

Corporate Knights

The last climate conference, COP26 in Glasgow, Scotland, nearly fell apart over frustration that international finance wasn’t flowing to developing countries and that corporations and financial institutions were greenwashing – making claims they couldn’t back up. In 2021, the financial sector arrived at COP26 in full force for the first time.

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