Nations clinched the Paris Agreement six years ago but finished writing it only at COP26 in Glasgow this month. There, negotiators finally checked the box on something called “Article 6,” a section of the 2015 climate pact governing how countries can trade credits to emit CO2. The new standards should …
Tallying the cost of delayed climate action
US$150 billion per year. That’s the expected additional loss that the financial sector could face when climate action by companies is delayed, according to the launch report of a joint initiative by the Oxford Sustainable Finance Group at the University of Oxford and the non-profit think tank 2° Investing Initiative. According to the study, …
There’s big money in climate adaptation
At this month’s climate talks in Scotland, a lot of time was spent condemning the shortage of money available to fight global warming. Some of the loudest complaints came from less developed nations that are suffering its most extreme effects. Wealthy countries whose emissions are most responsible for the global catastrophe …
COP26 Daily: Protesters and negotiators agree
Where the talks stand By Akshat Rathi The parade of announcements this week from world leaders, finance figures and climate diplomats at the COP26 summit culminated in a weekend parade of protesters through Glasgow, Scotland. The message from the thousands carrying placards around the venue of the meeting is one most insiders would agree …
Community-Led Strategies Can Help Advance Equitable Clean Energy Investments
Growing up in the South Los Angeles neighborhood of Watts, I experienced firsthand social, economic, and environmental injustices. One of the most polluted places in California, Watts suffers from cumulative environmental burdens. These environmental hazards are evident in the Alameda Corridor, a 20-mile-long freight line responsible for air pollution, and a Superfund site adjacent to the local public high …
Sustainable Debt Summary Q3 2021
Total volumes for the sustainable debt market – including labelled Green, Social and Sustainability (GSS) bonds, Sustainability-linked bonds (SLB) and Transition bonds – are well on their way to an annual trillion, reaching USD649.1bn in the first three quarters of 2021. Key Highlights Combined labelled issuance of Green, Social, and Sustainability, …
Greening Finance: A Roadmap to Sustainable Investing
Introduction In 2019, the UK became the first major economy to commit in law to net zero greenhouse gas emissions by 2050. In 2021, the government went further, setting in law the world’s most ambitious climate change target to cut emissions by 78% by 2035 compared to 1990 levels. To …
IPE’s November special report: Towards Net Zero
TOWARDS NET ZERO: COP26 AND BEYOND Whatever the headlines about COP26 when it closes, the work of pension funds and other institutional investors towards achieving net-zero goals in service of limiting global temperature rises will continue. To put it starkly, the world is not …
$1Trillion Annual Green Bond Milestone Tipped for end 2022 – $5Trillion Annual by 2025 is new Target
$1Trillion Annual Green Bond Milestone Tipped for end 2022 – New Market Survey $5Trillion Annual by 2025 is new Global Target says CEO Sean Kidney London 28/10/2021: 11:00AM GMT +1: Green bond investment in a single year is set to double and reach the $1trillion milestone for the first time by the end …
The 1% is now wealthier than the entire middle class. It’s time for tax fairness.
The Build Back Better agenda being debated in Congress would improve the lives of millions. Jobs, child care, home care, housing, and so much more is at stake. So what’s the hold up? For one thing, many lawmakers simply give social spending more scrutiny than military spending, even though Pentagon spending …