COP27: developed countries ‘failing on $1bn a year mobilisation pledge’
Several nations had expected to deliver urgent funding by 2022 or 2023 at COP26 in Glasgow last year.
Georgie Lee
COP27: Ninety One’s Du Toit calls for end to virtue signalling
Speaking at a COP27 panel session, Ninety One Asset Management’s Hendrik du Toit explained why greater cooperation between different parts of the value chain can help tackle climate change.
London Pensions Fund Authority publishes investor net-zero plan
Fund “hopes to include scope 3 emissions next year” as more defensive data becomes available.
FCA’s disclosure proposals call for ‘higher ambition and intentionality’
The UK regulator’s Sustainability Disclosure Requirements will introduce a tougher regime for retail and institutional investors.
Four companies join Hydrogen Council
Addition of Japanese, Canadian and Dutch MNCs brings membership of CEO-led initiative to 145 firms across the hydrogen value chain.
BlackRock retains 7% stake in German firm suing Netherlands over coal phase out
Threat of legal action under Energy Charter Treaty has ‘knock-on effect on the ability of investors to meet their net-zero goals’.
Climate change number-one risk for insurers globally, AXA report reveals
Just 14% of insurers said governments were prepared for climate risk, down from 19% last year.
COP27: how is Article 6 helping countries adapt to climate change?
Countries must agree on the development of carbon markets under Article 6 of the Paris Agreement, says 7IM investment manager.
Ninety One: ‘only 16% of asset owners invest in emerging market transition finance’
Planetary Pulse report suggests there is insufficient cross-border public and private finance to fill the shortfall.
SBTi launches guidance on land-related emissions removals
But some experts question if it goes far enough for the largest carbon-emitting sector after energy
In conversation with GLIL’s Dr Patricia Rodrigues Jenner
The independent member of GLIL’s Infrastructure’s investment committee says there is plenty of capital available to be deployed – as long as governments provide the right investment conditions.
Canada’s Pathways Alliance ‘stagnating on emissions pledges’
Ceres oil and gas director calls for time-bound transition plans in response to findings of Pembina Institute report.
Toyota investors condemn hybrid lobby efforts, as Japan backpedals on EVs
Efforts to shift Japanese government’s stance on hybrid electric vehicles gives the automotive manufacturer ‘global laggard’ status.
Germany to reserve 2% of land for wind farming
Government to accelerate programme to source 80% of electricity from renewables by 2030.
Western Australia to close major coal mines
Journey out of fossil fuels marks a precedent for nation, though its timeline could pose significant transition risks.
GFANZ sets out guidance for FIs to reduce real-economy emissions
The global coalition of financial institutions is seeking responses to its draft net-zero transition plan framework.
Exxon shareholders vote down activist resolution to cut emissions
Pro-climate board members appointed last year “have no influence on the most crucial issue,” says activist group head.
Quantification and monitoring standards required to scale CCS, say investors
Private sector investment requires ‘deep understanding’ of various capture technologies.
Regulators must consider TCFD burden on smaller schemes, say experts
“Proportionality” to be applied to allow fewer detailed reporting requirements, Redington stewardship head tells NZI.
Investors must prioritise biodiversity and natural capital risk, says asset manager
Nature damage could pose a ‘more significant risk’ to GDP than climate change, says Jupiter sustainable investment head.
China domination of EV market continues, as sales hit record 6.6m in 2021
Country grabs 50% of 6.6 million EV sales.
Chinese regulator hints at compliance with ISSB disclosures
The CSRC will report disclosures by Chinese companies to the International Organisation of Securities Commission (IOSCO), reports Georgie Lee