Remove Definition Remove Development Remove Paris Agreement
article thumbnail

New framework for CO2 offsets could create "cowboy carbon markets," critics warn

Corporate Knights

Others warned that the agreement doesn't fix big mistakes that carbon trading has made in the past. The voluntary market for carbon credits – separate from cap-and-trade markets regulated by governments – has grown slowly over the last few years, hobbled by loose definitions and lax credit verification.

article thumbnail

HSBC to stop financing new oil and gas fields except in Canada

Corporate Knights

London-based HSBC Holdings says it will cease financing for the development of new oil and gas fields in order to tackle climate change while carving out its Canadian unit from the policy change. Canadian banks remain major investors and lenders for oil and natural gas developments and the infrastructure needed to expand production.

Net Zero 317
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Which banks are financing the clean energy transition?

Corporate Knights

The real question is, are the world’s banks ready to fund the development of renewable technologies at scale, and updating all the infrastructure in between? Finally, we ’ d be clear on which definitions were being used and which taxonomy the definitions were derived from.” . And which banks will take the lead? .

Banking 360
article thumbnail

Inogen Alliance Presents at COP29 in Azerbaijan

3BL Media

Azersun is taking a major step forward in sustainability-driven innovation with the launch of two groundbreaking AI-powered platforms, developed in partnership with FABA International. Abdel-Aziz is currently the co-chair of Sharm El Sheikh Mitigation Ambition and Implementation Work Program under the Paris Agreement.

article thumbnail

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

"Despite this significant drop from 2019 to 2020, the overall trend of the last five years is one heading definitively in the wrong direction," the report states. trillion to coal, oil and gas companies in the five years since the Paris Agreement was signed, it calculates. Overall, the world's leading banks have channelled $3.8

Net Zero 398
article thumbnail

Expectations Going Into COP28

3BL Media

Serving as a negotiator to the series of Climate Change COP events since COP21 (2015), where the Paris Agreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into landmark developments and prospects this year. I've been participating since COP 21 when the adoption of the Paris Agreement took place.

article thumbnail

Next Round of NDCs Must be Investible

Chris Hall

NDCs are national climate action plans and targets, ushered in under the 2015 Paris Agreement. While there is not yet a commonly agreed definition of an investable NDC, and each of these organisations may emphasise different characteristics, common elements are emerging.