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Is 'net zero' much ado about nothing?

GreenBiz

Is 'net zero' much ado about nothing? Net zero is the near-universal goal of nations, states, provinces, cities, companies, universities and others. The five questions below represent just a sampling of issues surrounding what net zero means — and doesn’t. First, what is net zero? Joel Makower.

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New UN panel looks to hold companies, governments accountable for net-zero pledges

Corporate Knights

Net-zero pledges have become commonplace among corporations, financial institutions and cities, but questions abound as to whether those companies and governments have real plans in place to achieve them. In many cases, corporations or local governments don’t yet know how they will achieve net-zero status by 2050.

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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

A coalition of environmental groups is calling on the federal government to regulate climate commitments made by banks and other financial institutions to avoid greenwashing and accelerate change. . The post Advocates urge regulation of banks’ climate commitments to avoid greenwashing appeared first on Corporate Knights.

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Net Zero Progress by Firms and Governments “Still Too Slow”

Chris Hall

Companies that wait to transition until there is a stronger policy response will face higher costs and a shorter window to achieve net zero commitments. C in the Paris Agreement; with only 3% of global policies currently moving towards the 1.5°C C remains feasible due to growth in clean energy technologies.

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If done well, financial regulations play a crucial role in cutting carbon emissions

Corporate Knights

This cannot continue if we are realistically going to achieve the goals of the Paris Agreement and keep global warming below 1.5 ° C. Getting those details right will be critical if they are to support Canada’s climate goals and tackle rampant greenwashing in the financial sector.

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Big business puts its industry associations on notice: No more blocking climate policy

Corporate Knights

Today, companies representing 40% of the stock market have committed to science-based targets around reducing their greenhouse gas emissions in line with the Paris Agreement. . Worse, some have publicly pledged to be net-zero while actively blocking much-needed climate policies on an international scale. .

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Net Zero Scrutiny Intensifies at COP27 

Chris Hall

Sharm El Sheikh sees progress on accountability and transparency of net zero pledges, but many admit need for regulatory intervention. . New mechanisms for keeping private sector climate promises have taken big steps forward at COP27 this week, while major banks provided limited visibility on their path to net zero. .