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WEF recognizes Voluntary Biodiversity Credits potential to unlock financing for nature
The Voluntary Biodiversity Credits launched by ClimateTrade and Terrasos last May are gaining traction as a tool to direct financing towards nature conservation.
Report finds 70% of population of a third of cities encountered hazardous climatic events in 2022
Recent CDP data presents frightful statistics of the state of our climate. 80% of cities are facing extreme conditions such as exorbitant heat to damaging floods in 2022. However, on a positive note, their press release stated that 63% of cities are participating in citizen-focused climate action which has resulted in better health, increased job opportunity, biodiversity and social inclusion.
London Stock Exchange declares $3bn green bond to be designated to its Sustainable Bond Market
The dominating global hub for sustainable finance, the London Stock Exchange is welcoming $3 billion in green bond listings over a one-hundred-year period from the Public Investment Fund (PIF), the first to be supplied by a sovereign wealth fund.
Business use of offsets risks delaying net zero, says new report
Voluntary carbon markets aren’t working, but get the rules right and they can make a positive contribution to Net Zero, say the CCC in its latest report.
Global floating offshore wind pipeline doubles in last 12 months
A new report published by RenewableUK shows that the total pipeline of floating offshore wind projects has more than doubled in the past 12 months in terms of capacity worldwide, from 91GW a year ago to 185GW now.
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American Airlines announces investment in hydrogen projects
American Airlines announced its strategic equity investment in Universal Hydrogen Co., a company building a green hydrogen distribution and logistics network for aviation.
Measuring decent work for better investment decisions: integral for a just transition to net zero
Dr Mohsen Gul, Senior Project Manager, Centre for Sustainable Finance reflects on why a just transition to net zero necessitates measuring decent work for better investment decisions.
UK Government announces £12.5m investment for sustainable horticulture growth
Plans to boost home grown fruit and vegetable production and drive the growth of high-tech horticulture have been set out today by Environment Secretary Ranil Jayawardena, as part of HM Government’s work to unleash the potential of British farming.
Amazon to invest more than €1 billion to electrify its European transportation network
Amazon’s investment is intended to help spark innovation in zero-emission vehicles and encourage the deployment of public charging infrastructure, helping enable the entire industry to reduce emissions.
How prepared are global markets for an EV transition?
It’s no secret that the global light vehicle market is in the throes of a transition towards cleaner, greener, electric drivetrains and away from over 100 years of ICE power. A secular shift is underway, driven by the pressures of legislation, concerns over sustainability and the concomitant shift in OEM strategy, reduction in battery costs, wider availability of EV models and increased consumer demand.
UK government urged to align climate and air quality targets
New analysis suggests that the UK government’s proposed air quality target may be misaligned with its existing 2035 climate commitment.
New report finds that more than half of global trade is dependent on nature
With natural capital and biodiversity rising up the global agenda, Planet Tracker examines countries’ dependence on nature and the implications for financial markets.
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Water companies face new penalties up to £250million for missing environmental targets
Potential civil penalty to rise from £250,000 to up to £250 million to help bring quicker enforcement action against water companies for causing pollution.
Largest UK pension schemes trustees now legally required to report on climate-related risks
Trustees of pension schemes legally required to manage and report on climate-related risks and opportunities are being urged to make sure they are prepared for changes to the regulations.
EY: Businesses up their game on climate disclosure but are still slow to act on decarbonization
Businesses around the world are starting to improve their disclosure on climate risks but are not yet taking much needed action to address these risks and respond to the needs of investors and customers, according to the latest EY Global Climate Risk Barometer.
NZAOA: Policymakers must support blended finance to achieve Paris climate goals and the SDGs
Policymakers must facilitate the scaling of blended finance structures to fund climate solutions if the world is to achieve both the Paris climate goals and the UN Sustainable Development Goals (SDGs), said the UN-convened Net-Zero Asset Owner Alliance.