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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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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.

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

Corporate Knights

The Fine Print on Carbon Credits The definitions in the federal document take a fairly expansive view of “inefficient” subsidies that “encourage wasteful consumption, reduce our energy security, impede investment in clean energy sources, and undermine efforts to deal with the threat of climate change,” as the G20 defined the term in 2009.

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The “Ripple Effect” of Universal Ownership

Chris Hall

Swedish government pension fund AP7 is a universal owner that manages around SEK1 trillion (US$968 billion) in AuM, with 90% of its assets invested in a diversified equities portfolio across more than 3,000 companies. The post The “Ripple Effect” of Universal Ownership appeared first on ESG Investor.

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ESG Explainer: The Blue Economy

Chris Hall

Around 11 million tonnes of plastic waste flow into the ocean each year, an amount that if left unchecked could triple by 2040. It has the potential to act like a Paris Agreement for pollution, including plastics which end up in the ocean, pushing companies to engage on the issue. What is a sustainable blue economy?

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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.