Remove Greenwashing Remove Net Zero Remove Paris Agreement Remove Stranded Assets
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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. . Senator Rosa Galvez is also critical of the regulator ’ s approach.

Banking 361
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ICYMI, Governments and Regulators are Making the Running

Chris Hall

The private sector’s ability to accelerate the pace of net zero transition is open to question. Perhaps these outcomes should not be a surprise after BlackRock, the world’s largest asset manager, described many 2022 climate resolutions as “ prescriptive or constraining ”.

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

Corporate Knights

The document also holds out the possibility of subsidies for carbon trading deals under Article 6 of the Paris agreement, and for Indigenous participation in fossil fuel projects. After that massive an investment, “no way the pipeline is going to recover costs,” Morningstar analyst Stephen Ellis told Bloomberg News in March.

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Keeping on the Straight and Narrow

Chris Hall

It is a truth universally acknowledged that a company transitioning to net zero greenhouse gas (GHG) emissions by 2050 or sooner is in want of a detailed plan. . How do they translate on a net zero journey? C of global warming promised by signatories of the Paris Agreement. .

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Investors Search for Answers

Chris Hall

And while there are instructive parallels with the catalytic impact of the Paris Agreement on identifying and mitigating climate risks by the private sector, there are also important differences. For investors and companies with assets within those key biodiversity areas, this raises the issue of stranded assets.

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Energy Transition Accelerator

Chris Hall

Mobilising public and private capital to fund the net zero transition efforts of emerging markets and developing economies (EMDEs) has been a central theme of discussions at COP27 in Egypt. . Will Kerry’s COP27 initiative drive EMDE energy transition and put voluntary carbon markets on the fast track to credibility? .