Sustainable Brands The Climate Adaptation & Resilience market will pay fast dividends for today’s forward-thinking investors while fortifying the world for a climate-changing future. Investment opportunities in climate adaptation and resilience (Climate A&R) are often discussed as something that will materialize in the future. But a new report from Boston Consulting Group (BCG) and …
G20 welcomes recommendations to unlock funding for climate transition projects
By Marcela Ayres, Reuters Crevasses and Sahara dust are seen on the Morteratsch Glacier amid climate change, in Pontresina, Switzerland, September 3, 2024. REUTERS/Denis Balibouse/File Photo Purchase Licensing Rights WASHINGTON, Oct 24 (Reuters) – A group of funds backed by the world’s 20 largest economies aimed at financing climate transition projects needs …
The mindset change business leaders need to create a climate-resilient future
By Matthew Blake, Fast Company The head of World Economic Forum LLC, USA says business leaders need an urgent shift in mindset—from reactive to proactive—to contend with the rising risks. As large parts of the world experience another year of record-breaking temperatures and extreme weather events, the effects of a changing climate …
Carbon credits are supposed to funnel money to poor countries. Do they?
By Joseph Winters, Grist Researchers say there is “no evidence” that they bring economic benefits to communities where projects are based. Proponents of the voluntary carbon market say it’s a mechanism not only to advance sustainability goals, but also to funnel much-needed cash to some of the world’s poorest countries. …
Cop29 host Azerbaijan seeks $1bn from fossil fuel producers for climate fund
By Fiona Harvey, The Guardian Countries and companies involved in oil and gas extraction to be asked to join scheme aimed at tackling global heating. Oil drilling equipment in the Caspian Sea near Baku, Azerbaijan, in 2017. The country is hosting the Cop29 UN summit this November. Photograph: Grigory Dukor/Reuters Fossil-fuel …
Companies Mitigating Climate Change Reduce Their Cost of Capital
By Sustainable Brands New research shows that when companies disclose their environmental impact — and take meaningful action to mitigate it — they earn investor trust. The climate crisis is now being felt worldwide through more frequent and powerful extreme-weather events. Companies, particularly those in high-emission industries, are major contributors to global …
Will climate change make insurance too expensive?
By Insa Wrede, DW Extreme weather events influenced by climate change are causing ever greater destruction, forcing insurers to increase their premiums where they can. What does this mean for the future? “Basically, if there is more damage, someone has to pay for it,” said Ernst Rauch, a climate expert with Munich …
Canada’s parliament grills bank CEOs on climate policy in rare meeting
Reuters TORONTO, June 13 (Reuters) – The CEOs of Canada’s big five banks on Thursday reassured members of parliament about their commitment to fighting climate change, but said reducing funding for fossil fuel extraction would take time and more works need to be done to reach net zero emissions. In …
Can carbon offsets actually work? The Biden administration thinks so.
By Joseph Winters, Grist New guidelines aim to restore confidence in the controversial climate solution. On Tuesday, the Biden administration unveiled new guidelines on “responsible participation” in the voluntary carbon market, or VCM — the system that allows companies to say they’ve canceled out their greenhouse gas emissions through the …
Carbon pricing works, major meta-study finds
By Ulrich Von Lampe, Phys.Org Between 5 and 21% emission reductions: this is the empirically measured effect of carbon pricing systems in their first few years of operation. A research team now identifies these findings for 17 real-world climate policies around the globe, condensing the state of knowledge more comprehensively …