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All Systems go for Net Zero

Chris Hall

COP28 reminded investors of the difficulties involved in reaching inter-governmental consensus on intensifying climate action. All this suggests 2024 will prove a difficult and perhaps pivotal year for asset owners looking to make headway on their net zero commitments.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 Finance climate action Financing climate action can take many forms, such as green bonds or sustainability-linked loans.

Net Zero 147
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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

In a report released the same day, the three advocacy groups recommend that Ottawa ’ s banking regulator require financial institutions to adopt a “ credible climate plan ” that would include interim targets for 2025 and 2030. . Senator Rosa Galvez is also critical of the regulator ’ s approach.

Banking 361
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Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel

ESG Today

In 2020, Shell announced a commitment to achieve net zero in its operations by 2050, and in 2021, the company launched its “Powering Progress” strategy , detailing how it will achieve its target to be a net-zero energy business by 2050 across Scope 1, 2 and 3 emissions, with initiatives including investing in renewable and clean energy solutions.

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The Climate Blockers: BASF quietly lobbies against strong climate policy while talking a big game

Corporate Knights

The shrivelled Rhine of 2018 became a harbinger of the devastating impact that climate change will have on the backbone of the German economy. You’d expect a company so directly affected by climate change to be jumping on the decarbonization bandwagon. On the face of it, it is.

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Guest Post: Why Governments Must Encourage More Investment in Green Infrastructure, Now!

ESG Today

By: Chris Lewis, Global Infrastructure Leader at EY At COP27 in November last year, there was an overwhelming consensus that the target of lowering global temperatures by 1.5 ° C – as outlined in the historic Paris Agreement – is now at risk of not being met, unless the world acts now.

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ICYMI, Governments and Regulators are Making the Running

Chris Hall

The private sector’s ability to accelerate the pace of net zero transition is open to question. When it comes to gathering the collective will to tackle climate change, it is often argued that public policy actions and private sector commitments are mutually reinforcing, spurring each side to go further and faster.