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Engagement Alone Unable to Resolve Energy Impasse – PME

Chris Hall

Pension fund makes case for divestment, against backdrop of increasingly positive climate policy across major markets. In response, PME has divested from fossil fuel investments and redirected the funds towards the energy transition by focusing on solar and wind projects.

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HOOPP: Canadian Taxonomy Will Raise Accountability on Climate

Chris Hall

Pension scheme says country’s new framework will support its net zero strategy; asserts that divestment of fossil fuels amounts to “passing the buck ”. Engagement over divestment The Canadian Pension Climate Report Card , which benchmarks schemes’ decarbonisation efforts, criticised HOOPP for lack of ambition in January.

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UK FCA Warns on Green Fund Label Abuse

Chris Hall

The UK’s Financial Conduct Authority (FCA) will closely monitor funds’ use of incoming green investment labels, potentially stopping asset managers from using them in the event of misuse. . I really want you to make sure that this is not about just divestment. ESG really is about good business practice.

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Overshoot is Here

Chris Hall

This means that the entirely predictable and necessary Ratchet-driven call post-2025 for increased policy and significant uplift of global investment into clean energy and clean technology systems must be heeded with a tagline of ’we really mean it this time’. But critically there are two other areas which have been pushed to the background.

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Take Five: No Magic Green Wand

Chris Hall

Meanwhile, the opposition Labour party displayed tone-deafness to the latest alarm bells of the climate crisis by ditching its £28 billion (US$35 billion) green investment pledge in the name of fiscal responsibility. Missed opportunity – How many green-tinged U-turns can we fit into one blog? Just one more.

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Scaling Climate Solutions “Intertwined” with Coherent Policy Incentives

Chris Hall

“We have backtracked on fossil fuel commitments, with the consenting of a new coal mine and support for new UK oil and gas production – despite the strong wording of the Glasgow Climate Pact,” the report said, adding that the UK has been slow to react to the US Inflation Reduction Act and the EU’s proposed Green Deal Industrial Plan, which are now (..)

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Take Five: IPCC Chair Issues Spoiler Alert

Chris Hall

But still concerns persist that the UK government is failing to pull all the fiscal leavers available to accelerate the green transition, potentially even putting success stories such as offshore windfarms at risk. In Japan, progress is even slower, admittedly, but anticipation is high. In Canada and Europe, the emphasis is on transition.