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India Releases Draft Climate Finance Taxonomy to Drive Capital to Net Zero Goals

ESG Today

Indias Ministry of Finance announced the release of a draft framework for its Climate Finance Taxonomy, its classification system for identifying sustainable economic activities aligned with its climate goals, aimed at enabling the facilitation of major capital flows required to support the net zero transition, while preventing greenwashing.

Net Zero 101
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Over Half of CFOs Fear Greenwashing Risk as Sustainability Data Problems Persist: EY Survey

ESG Today

Additionally, less than half of finance leaders reported that they believe that their organizations are very likely to hit their major sustainability priorities and targets, such as net zero.

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What’s in your ‘transition fund’? Poor transparency puts investors at risk

Corporate Knights

Michael Sambasivam and Adam Scott Transition funds are an important investment class, as they can help supply some of the trillions needed to achieve net-zero by 2050 or sooner, while offering savvy investors a venue through which to access transition opportunities. Building one will be harder than it sounds.

Net Zero 173
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OECD Warns of Climate-alignment “Blind Spot”

Chris Hall

Ahead of COP29, report calls for systemic risks of climate change to be viewed through both real economy and financial sector lens. Climate-related systemic risk will not be properly reflected by financial markets until governments ensure both real economy and financial sector policies support climate alignment, recent research suggests.

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KPMG at COP29 Agenda

3BL Media

Tuesday 12 November 2024 10:00am – 11:00am (GMT+4) | Climate Transition Plans: Challenges and Solutions Join a panel of leaders as they look at climate transition plans, including the challenges and opportunities behind developing a fit-for-purpose climate transition plans.

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Australian Investors Demand Greater Adaptation Action

Chris Hall

This has included legislating a 2050 net zero target and setting a legally-binding target to reduce emissions by 43% by 2030 below 2005 levels. However, according to investors, greater action on adaptation is required by the government to address the steep the economic costs of climate change’s physical impacts.

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Time to Face our Challenges Head-on

Chris Hall

The answers to these questions will be shaped by the regulatory requirements faced by investors, including their fiduciary duties, their disclosure requirements, and the need to avoid greenwashing. The reason for this focus on policy was because the economies of renewable energy technologies didnt work without significant policy support (e.g.