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Fossil fuel expansion will be the litmus test for banks’ net-zero promises

Corporate Knights

Civil society organizations are gearing up to hold financial industry players accountable on the lofty commitments they made at COP26 in November. Banks face risks from the physical impacts of climate change as well as from government policies and emerging technologies that will disrupt their big customers in the carbon-intensive sectors.

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Bond Investors Can Help Hold Companies Accountable Post COP26

3BL Media

DESCRIPTION: The United Nations Glasgow Climate Change Conference, also known as COP26, concluded in November with 200 nations signing the Glasgow Climate Pact (GCP), an agreement that could accelerate climate action and drive big carbon cuts. COP26 Reflects Increased Drive for Climate Action . SOURCE: AllianceBernstein.

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Analyzing Carbon Offset Markets’ role in our journey to a net-zero world

Carlos Sanchez

Carbon offset markets have always been complex and controversial instruments to fight climate change. In particular, we need to reduce 23 Gigatonnes by 2030 from the current 41 Gt emitted per year and achieve net-zero by 2050. Besides, Removals projects, which sequester carbon like reforestation or Direct Air Capture.

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Time to Take Stock

Chris Hall

Garraway notes that COP26 had a notable success on the climate mitigation front, with a strong focus on increasing ambition over the course of two years, despite the postponement caused by the pandemic. C target set by the Paris Agreement before 2040, according to UN Intergovernmental Panel on Climate Change’s (IPCC) AR6 Synthesis report.

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UK steel industry could expand in transition to zero carbon future, says report

Envirotec Magazine

Part of the government’s path to net zero by 2050, today’s measures will create and support 80,000 UK jobs over the next 30 years whilst cutting emissions by two-thirds in just 15 years. Steel production is the world’s second biggest emitter of carbon dioxide after concrete, with an average of 1.85

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Why Working for Cisco Means Better Sustainability for the Future

Cisco CSR

Reem is hopeful that, “Cisco is driving around the digital divide, moving towards net zero carbon emissions, and building prosperity around the world.”. These meetings positively supported inclusive debates and discussions on the future of our planet and was all made possible because of Cisco technology.

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UN climate conference more productive than you think

Sense and Sustainability

Between the news media and the protests, it would have been easy to get the impression that this year’s United Nations climate summit, known as COP26, was all talk and no action. While short on details, India’s commitment is significant since future emissions are expected to grow dramatically, and low carbon development is the path forward.

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