The Paris Agreement

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In 2019, Burberry set a science-based target aligned to the 1.5C trajectory of the Paris Agreement

Burberry to become 'climate positive' by 2040

Luxury fashion firm Burberry has updated its science-based targets in a bid to become "climate positive" by 2040, a move that will aim to decarbonise the value chain and utilise a bespoke carbon insetting fund.

The official communique covers most parts of the green agenda, but with detail lacking

G7: What was (and wasn't) agreed by world leaders to combat the climate crisis

From "green Marshall Plans" and net-zero energy sectors to a lack of clarity on green spending and transport decarbonisation, edie rounds up what was and wasn't agreed at the G7 Summit.

Lobbying demands detailed in the report include calls for jet fuel to be included in 'green' government funding and against higher environmental taxes

Airlines accused of lobbying against stronger EU climate policy

Aviation giants including British Airways' parent company International Airlines Group (IAG) and Ryanair have been accused of opposing proposals for stronger climate policy in the European Union (EU), as the bloc works towards a 2050 net-zero target.

All three companies are aligning targets with the Paris Agreement pathways

Kingfisher, DS Smith and Turner & Townsend unveil science-based targets

Screwfix and B&Q's parent firm Kingfisher has had carbon reduction targets consistent with the required pace to limit global warming to the 1.5C target of the Paris Agreement approved by the Science Based Targets initiative (SBTi), while both packaging firm DS Smith and consultants Turner & Townsend have unveiled net-zero commitments.

The best performer, the DAX 30, still failed to meet Paris Agreement requirements, with a 2.2C temperature trajectory

G7 nations failing to align major stock indexes with climate commitments, report reveals

None of the largest stock indexes operating in G7 nations are aligned with either of the Paris Agreement on climate change's two pathways, according to new research out today (10 June).

Domino's is currently working on setting science-based targets

Domino's introduces electric mopeds into delivery fleet

Pizza brand Domino's is set to introduce more than 200 electric mopeds for deliveries across London, after trialling the vehicles from NIU Technologies.

The roundtable discussed the barriers and opportunities facing business

Net-zero and COP26: Achieving Mission Possible

Six months out from the COP26 summit, edie hosted an exclusive virtual roundtable discussion with a select group of sustainability leaders, exploring how businesses can accelerate the net-zero carbon transition in the run-up to the crucial climate talks.

The UK Government has confirmed that the Summit will take place between 11-13 June in Carbis Bay, Cornwall

Climate change at the G7 Summit: Everything you need to know

World leaders are meeting in Cornwall this week (11-13 June) as part of the G7 Summit. The climate crisis is a key theme for policymakers going into the event, but how much prominence will it have as the world's largest economies attempt to respond to the ongoing coronavirus pandemic?

Through the initiative, asset owners commit to decarbonising pension funds and investment portfolios by 2050 at the latest

ABP and National Trust sign up to net-zero investment initiative

Europe's largest pension fund, the Church of Sweden and the National Trust are among six new signatories to a global net-zero asset owner commitment to decarbonise financial portfolios in line with the ambitions of the Paris Agreement.

Oxfam is calling on G7 nations to set new climate targets in the build-up to COP26

Report: Climate change to deliver GDP loss double that of Covid-19 on current policy levels

Nations could experience a loss in GDP double that of the economic crash caused by the coronavirus pandemic, if leading countries do not introduce more ambitious climate pledges, according to a new report warning that the G7 could lose 8.5% of its economy each year by 2050.

The science-based targets could be unveiled this year

Highland Spring commits to net-zero emissions by 2040

The Highland Spring Group has unveiled an ambition to achieve net-zero emissions by 2040, with targets in place to halve emissions by 2030 through soon-to-be-developed science-based targets.

Image: European Union

EU and Japan seal 'green alliance' in bid for climate neutrality

The European Union and Japan have reaffirmed their "shared ambition of reaching net-zero greenhouse gas emissions by 2050" at the conclusion of a bilateral summit which included the signature of an EU-Japan "Green Alliance".

HSBC must now publish a plan outlining its new phase-out policy

Shareholders pass vote for HSBC to phase-out global coal financing by 2040

Shareholders of HSBC have today passed a proposed management resolution that commits the bank to phase-out financing for the coal industry by 2040 worldwide, following successful campaigning from investors.

The chance of temporarily reaching 1.5C above pre-industrial levels has roughly doubled compared to last year’s predictions

World's hottest year on the horizon, new Met Office climate analysis warns

There is a 90% chance that one of the next five years will be the hottest on record, a new report from the Met Office and World Meteorological Organisation (WMO) is warning.

Currently, Shell is aiming to reduce the carbon intensity of its products by 20% by 2030

Dutch court orders Shell to strengthen carbon reduction targets

A Dutch court has ordered a groundbreaking ruling for Royal Dutch Shell to raise its commitments to carbon reduction, in what could mark the first of many legal cases against energy firms on climate grounds.

The module is currently focused on the mining and agriculture sectors – two of the most exposed sectors to biodiversity-related risks

ENCORE: UN-backed biodiversity module to help investors factor nature into spending decisions

A new UN-back module has been launched today to enable financial institutions to map their exposure to biodiversity risks based on sectoral activities, in a bid to push the economy towards a nature-positive future.

Pictured: The West Burton A coal power plant in Nottinghamshire. The UK's last coal plants will need to come offline by the end of 2024. Image: Richard Croft, CC ShareAlike 2.0, geograph commons

G7 nations agree 2030s net-zero targets for power sector

The leaders of the G7 nations have agreed a joint commitment to ensure their power sectors reach net-zero in the 2030s, setting up for the economy-wide transition by 2050.

Toombs outlined how business can contribute to each COP26 'goal', including a new fourth ambition on collaboration 

'Engage your suppliers and competitors': COP26 architect urges business collaboration ahead of crucial climate summit

The UK COP26 unit's director of partnerships and engagement, Matt Toombs, used his keynote speech at edie's flagship Countdown to COP26 event to outline exactly how businesses can properly prepare for the crucial talks.

The latest RECAI warns that future renewables deployment will require a further $5.2trn of investment

UK climbs energy investment rankings, but concerns persist over green finance availability

The UK has climbed one position to fourth in the rankings for EY's national attractiveness of renewable energy investment, but the organisation has warned that global green finance efforts need to improve considerably to meet clean energy demand for existing climate commitments.

IEA: World must stop petrol and diesel car sales by 2035 for net-zero transition

The International Energy Agency (IEA) has published a landmark report outlining the sweeping changes needed in the power, energy and heat sectors if the world is to have the best chance of limiting temperature increases to 1.5C.

The ITF believes that transport emissions can be reduced by more than 70% by 2050 through enabling policies

Global transport emissions to skyrocket 16% based on current policies

Global traffic emissions look set to rise by 16% by 2050 based on current policies, as demand for transport activity doubles, according to a new report that is calling for ambitious climate policies to reduce emissions from the sector.

BP has a net-zero emissions target set for 2050

BP shareholders reject tougher climate targets

More than one-fifth of BP shareholders supported a resolution from climate activists calling on the energy giant to set tougher emission reduction targets for its net-zero transition, but ultimately the filing was rejected.

Pictured: Sharma travelled to the Whitelee onshore wind farm, near Glasgow, to deliver the speech. Image: UK Government 

COP26 will go ahead in person, Alok Sharma confirms

COP26 President Alok Sharma has confirmed that the Government is planning to host the conference in-person rather than on Zoom, stating that face-to-face meeting is important to deliver "an inclusive summit".

The ‘Post-2020 Global Biodiversity Framework’ is set to be adopted by governments when the Conference of Parties to the CBD meets in Kunming, China, on October 21

Global Paris-style biodiversity agreement 'lacks scientific basis', researchers warn

Efforts to formulate a "Paris-style" agreement to halt global biodiversity loss lack definition, fails to align with the scientific need to reverse nature loss and place Indigenous People at risk, according to a global alliance of NGOs.

According to CAT, new climate plans from the US, the EU27, China and Japan are responsible for shrinking the emissions gap

Report: Nations falling short on collective efforts to meet Paris Agreement

Nations are adopting stronger climate targets in the build-up to COP26, but new research has revealed that current policies would still lead to global warming twice what it should be if the world is to meet the aims of the Paris Agreement.

BlackRock now manages more than $200bn in long-term sustainable strategies

BlackRock launches temperature-aligned investments funds

The world's largest investor BlackRock has unveiled two new temperature-based exchange funds aimed at helping investors align portfolios with the pathways of the Paris Agreement.

The LEAF initiative aims to mobilise at least $1bn to support emissions reductions by ensuring tropical forests that act as carbon sinks are protected from deforestation

Amazon and Unilever among businesses teaming with governments on $1bn deforestation pledge

A group of businesses including Amazon, Unilever, and Nestlé has joined the UK, US and Norwegian governments in setting up a new public-private initiative committing $1bn to combat the climate crisis through the conservation and preservation of tropical forests across the globe.

Policymakers were keen to confirm new targets ahead of the Biden Administration's Earth Day summit

Breakthrough as EU negotiators clinch deal on European climate law

European Union negotiators reached a deal on the European Climate Law after 14 hours of talks on Wednesday (21 April), allowing the EU to go into this week's US-hosted climate summit with an agreement on the bloc's 2030 target.

HP notes that focusing on the circular economy will assist with the net-zero ambition

HP targets net-zero value chain by 2040

HP has confirmed it will transform parts of its business from a transactional model to a services-based proposition, as part of a sweeping new climate strategy that will see the business's value chain reach net-zero by 2040 and embrace closed-loop materials.

The target will become enshrined in law by the end of June 2021

Sixth Carbon Budget: UK to reduce emissions by 78% by 2035

Prime Minister Boris Johnson has agreed to legislate a new target to reduce national emissions by 78% by 2035, including emissions from international shipping and aviation, following the Climate Change Committee's advice on the Sixth Carbon Budget.

The company also noted the necessity of working with governments and other sectors to unlock ways to accelerate the rollout of EVs

Toyota to review industry associations as part of carbon-neutral target for 2050

Japanese car manufacturer Toyota will review the industry associations it is part of to ensure they are compliant with the aims of the Paris Agreement, as part of a commitment to reach carbon neutrality by 2050.

The company met its 2020 climate targets, which were 2C-aligned 

Fujitsu sets 1.5C science-based climate targets

Japanese multinational IT firm Fujitsu has unveiled new climate targets, verified in line with the Paris Agreement's more ambitious 1.5C trajectory.

Investors are facing mounting pressure to raise climate ambitions, including from changing legislation on net-zero

CISL calls for standardised climate disclosure framework for investors

While most investors are measuring and disclosing their climate performance, it is hard to compare progress between companies because there is not a universal framework. This makes it more challenging for investors to be held to account or to accelerate progress.

While progress accelerated this year, the TPI is warning that high emitting companies are still, by and large, jeopardising Paris Agreement progress 

Report: Net-zero targets from corporates becoming more 'genuine'

An analysis of the climate commitments of 401 companies has found that the uptake of "genuine" net-zero targets - those regarded as ambitious and not greenwashing - has more than doubled in the past year.

Tropical forests and islands, as well as mountains, are facing higher extinction risks than the global average, according to the paper

Delivering Paris Agreement could help save most endangered species, report reveals

More than nine in ten plant and animal species will face challenges if the current global warming trajectory continues, a new study has revealed. But most species could be saved from extinction if the world delivers on the Paris Agreement.

The net-zero commitments cover business operations, digital infrastructure and the sector’s historic emissions

Crypto Climate Accord aims for 100% renewables and net-zero digital currency by 2040

A new global accord has been set up to align the swelling cryptocurrency market with the ambitions of the Paris Agreement by ensuring that blockchain and energy-intensive currency mining systems are powered by renewables and reach net-zero emissions by 2040.

The social aspect of ESG is expected to rise in prominence in both the corporate and financial sphere

The coronavirus 'white swan': Companies and investors ramping up sustainability commitments

The coronavirus pandemic is acting as a "white swan" moment that is accelerating corporate focus on long-term sustainability strategies, but better disclosure and communication is needed for investors to unlock new finance to spur the green transition.

Under the UNFCCC developed nations committed to financing $100bn annually by 2020, however, developed nations have failed to fulfil this commitment

G7 ponders increasing climate finance in build-up to COP26

Chancellor Rishi Sunak met with G7 finance ministers and central bank governors to discuss the role of finance in supporting the net-zero transition and implored developed nations to raise efforts to generate $100bn in annual revenue to support developing nations combat the climate crisis.

Taking place on Thursday 20 May, 8.45am-3pm (BST), Countdown to COP26 is the perfect primer for the official UN climate talks scheduled for November 

Countdown to COP26: edie launches bumper virtual event ahead of climate talks

Registration is now open for a brand-new edie event which aims to help businesses seize the opportunity of the UN's COP26 climate summit later this year, with a stellar speaker line-up including senior representatives from BEIS, ClientEarth, Green Alliance, We Mean Business and the High-Level Champions for Climate Action.

The WBCSD has more than 200 member businesses

Building resilience post-Covid-19: Businesses urged to 'reinvent capitalism' and regenerate nature

If the climate crisis is to be averted and the UN's Sustainable Development Goals to be met, businesses must help to "reinvent capitalism" so the "true value" of nature and society are appreciated.

JBS has also committed to eliminating all cases of illegal Amazon deforestation from its supply chain by 2025 and across other Brazilian regions by 2030

Meat giant JBS commits to net-zero emissions and zero deforestation

Brazilian meat producer JBS has ringfenced $1bn to reaching net-zero emissions across its value chain by 2040, while also aiming to eliminate illegal deforestation.

Money needs to be re-aligned in order to stimulate this demand

IRENA: Existing solutions can spur progress to net-zero

Global power sourced from renewables is set to treble by 2050, with wind, solar and hydrogen all required to account for 90% of all decarbonisation solutions to push the global economy towards the 1.5C pathway, a new report from the International Renewable Energy Agency (IRENA) has found.

The resolution will be put to a vote in May at HSBC’s AGM

HSBC to vote on phase-out of fossil fuel funding

HSBC will propose a new commitment to completely phase-out financing of coal-fired power and thermal coal mines by 2040 globally, following negotiations with a group of investors with $2.4tn in assets under management.

The IPCC has stated that achieving the Paris Agreement's 1.5C pathway will require net global emissions to reach zero by 2050

US takes step towards 2050 net-zero target with sweeping climate bill

A wide-ranging climate bill has been introduced to the US House of Representatives this week that, if passed, will commit the nation to net-zero by 2050.

The EU's Green New Deal is meant to see the EIB becoming 'the climate bank' for the bloc

EIB spent €890m on fossil gas since phase out pledge, activists say

The European Investment Bank (EIB) has invested €890m in gas projects since it pledged to phase out investments into fossil fuels by 2022, contradicting the bank's "gas is over" narrative, activists say.

Several of the nations that have proposed non-Paris-aligned 2030 targets have longer-term net-zero goals

UN: Global climate pledges will only reduce emissions by 1% this decade

The world is falling "far short" of alignment with the Paris Agreement, despite the fact that many nations have updated their climate targets.

The strategy warns there are currently “wide gaps” in knowledge, which need to be closed in order to prevent “climate-blind” decision making

EU unveils data-driven climate adaptation strategy, drawing green criticism

More and better data is needed to improve knowledge of how to adapt to climate change, according to the European Commission's new adaptation strategy, which immediately came under fire from green activists for missing binding targets.

Of the 111 companies in global heavy industry surveyed, only 16 are well on track to aligning strategies with the Paris Agreement

Global heavy industry failing to align with Paris climate goals

Only 14% of publicly listed companies in the steel, cement, aluminum, paper and mining sector are on track to meet the Paris Agreement's 2°C climate target, according to a report by the Transition Pathway Initiative (TPI), a global investor group supported by the UN. Still, some European companies offer hope, EURACTIV Germany reports.

CCS is viewed as a crucial technology in reaching net-zero emissions

ExxonMobil, LafargeHolcim and Elon Musk: The corporate giants placing their faith in CCS

Over the last couple of days, the world's largest cement manufacturer, one of the world's largest fossil fuel firms and the founder of the biggest electric vehicle (EV) manufacturer have all unveiled strategic efforts to commercialise carbon capture and storage projects.

edie also hosted a bespoke roundtable discussion with sustainability representatives present at the Forum, sponsored by EDF

Sustainability Leaders Forum: Five top tips for turning climate ambition into action

With the dust settling on three days of thought-provoking conversations at edie's Sustainability Leaders Forum (SLF), edie rounds up how businesses can make 2021 a super year for climate action, which turns ambition into action for corporate sustainability.

Fewer than 25% reference the impact that the climate crisis will have on future and current business models

Business giants' climate disclosure 'clearly inadequate', lawyers warn

Lawyers have warned that the majority of FTSE 100 and the largest companies on the FTSE 250 are failing to disclose adequate climate-related data as part of annual corporate reporting frameworks, with some potentially breaching UK law.

Rivett-Carnac worked with the UN to develop the Paris Agreement before serving as president at CDP North America. Now, he co-runs Global Optimism. 

Tom Rivett-Carnac: In the face of the climate emergency, we must all be stubborn optimists

EXCLUSIVE: Paris Agreement architect Tom Rivett-Carnac used his platform at edie's Sustainability Leaders Forum (2 February) to urge listeners to remain solutions-focussed, courageous and optimistic in the face of the world's biggest environmental challenges.

More than eight billion allowances changed hands through European markets in 2020, a near-20% increase on 2019 levels

Global carbon market grew 20% in 2020

The valuation of the global carbon market grew 20% in 2020, totalling almost €230bn and the fourth consecutive year of record growth, new research has found.

Currently, corporate commitments under the Race to Zero campaign cover more than 12% of the global economy and $9.8trn in revenue

COP26 President launches challenge to deliver net-zero 'tipping points' in every sector

The UN High-Level Climate Champions and COP26 President Alok Sharma have today (28 January) unveiled a radical new roadmap to push the global economy towards net-zero emissions, targeting a range of near-term, sectoral tipping points to deliver decarbonisation.

Pictured: The Pince gave a rousing speech via Zoom. Image: Corporate Knights 

Prince Charles: Sustainable business leadership alone won't combat climate change

While congratulating companies to have been named the most sustainable in the world, the Prince of Wales has warned that more must be done to deliver the global low-carbon transition in line with the Paris Agreement's 1.5C trajectory.

The bank doubled its corporate bond programme in response to Covid-19. Image: George Rex, CC BY SA

Bank of England's high-carbon financing a 'moral hazard', MPs warn

The Bank of England risks creating 'moral hazard' by continuing to finance high-carbon projects and companies and providing no-strings-attached financing to carbon intensives companies, the Environmental Audit Committee (EAC) has warned.

The Biden Administration is expected to reverse more than 100 climate-related policies introduced by Trump

Biden returns US to Paris Agreement as part of climate policy overhaul

In one of his first acts after being sworn in as the 46th President of the United States of America, Joe Biden moved to readmit the US back into the Paris Agreement, claiming that tackling the climate crisis, racial inequality and current coronavirus pandemic were the "gravest responsibilities" that countries face.

Pictured: Flooding in Lome, Togo. 

Developed nations accused of over-reporting climate adaptation finance by billions

Wealthy nations have exaggerated figures around how much finance they have provided to developing countries for climate adaptation, with up to $20bn less spent than promised between 2013 and 2017.

The EU NFRD reporting mechanism was created to ensure that the impacts of sustainability are considered more broadly throughout the whole business

NGOs call for heightened standards on corporate sustainability reporting

An alliance of NGOs has called for the European Union's Non-Financial Reporting Directive (NFRD) to be reformed to ensure that more corporates are disclosing relevant climate-related information.

InfluenceMap assessed firms which collectively manage more than $50trn of assets

Report: Major asset managers still voting against tougher climate measures

In the same week that BlackRock was widely criticised for continuing to hold $85bn in coal, an analysis of the world's 30 largest fund managers has found that the global sector is failing to translate high-level climate commitments into investment decisions and support for shareholder resolutions.

If the new resolution receives more than 75% of votes at the bank’s upcoming AGM in April, HSBC would be required to publish a strategy

Investors file climate resolution at HSBC

Investors with a combined $2.4trn in assets under management have filed a resolution at HSBC, calling on the bank to publish a strategy that outlines efforts to reduce exposure to fossil fuel assets.

The reshuffle will enable Sharma to focus on the COP26 climate summit full-time. Image: Gov UK

Kwasi Kwarteng steps up to BEIS Secretary post as Alok Sharma takes on full-time COP Presidency

The Government has confirmed that Alok Sharma will step down from his position as Secretary of State for the Department of Business, Energy and Industrial Strategy (BEIS) to enable more focus on his role as COP26 President, with Kwasi Kwarteng named as his replacement.

Lenovo recently set science-based targets to halve emissions from its operations

Lenovo to deliver global rollout of customer offset scheme

Computer manufacturer Lenovo has unveiled plans to rollout a carbon offsetting scheme for customer purchases across the globe, following a trial run in the Nordics that saw 26,000 metric tonnes of carbon dioxide offset.

The airport has been hit hard by the coronavirus pandemic, with flights dropping by 80% since March 2020

Gatwick Airport under fire over 'callous' runway expansion plan

Green groups have criticised the decision from Gatwick Airport to transform its emergency runway into a fully functioning second runway, claiming that the organisation is "ignoring" noise and emissions issues.

Based on the current decarbonisation rate, PwC warns that the century’s global carbon budget would be used up by the end of this decade

Global decarbonisation efforts need to be five times greater to reach 1.5C pathway

Global efforts to combat the climate crisis will need to be five times greater than current levels, with new research warning that the rate that carbon emissions are decoupled from economic growth slowed in 2019.

Corporate members of the initiative represent a combined turnover of €284bn

Telefónica, Nestlé and Ragn-Sells commit to net-zero supply chains

Technology giant Telefónica, food manufacturer Nestlé and waste management firm Ragn-Sells are the latest businesses to sign up to a collaborative movement to reduce value chain emissions in line with the 1.5C ambition of the Paris Agreement.

The Adaptation Communication will be submitted to the United Nations Framework Convention on Climate Change (UNFCCC) alongside the newly created NDC

UK ramps up climate adaptation plans in build up to COP26

The UK has become one of the first countries to publish an official plan setting out how the nation is responding to the climate crisis through adaptation and resiliency plans that focus on flood prevention and rewilding.

The Chancellor announced in March the UKEF would receive an additional £2bn to finance clean energy projects overseas

UK Government to end support for overseas fossil fuel projects

Prime Minister Boris Johnson has confirmed that the UK Government will end financing and support for overseas fossil fuel projects in the build-up to COP26 in 2021.

Businesses, trade bodies and nations including France had pushed for the 55% target

EU clinches hard-fought deal on 55% 2030 climate target

European leaders haggled through the night to clinch a deal on the bloc's updated climate target for 2030 on Friday morning (11 December), agreeing an EU-wide goal of cutting net greenhouse gas emissions by 55% by 2030.

Of the 62 companies analysed, only 23% have plans in place that align with the 2C pathway by 2030

Shipping, aviation and carmakers failing to align with Paris Agreement

The majority of the worlds largest automotive, shipping and aviation companies are failing to deliver emissions reduction plans in line with a pathway to keep global warming to 2°C - let alone 1.5C - new research has found.

Many of the new signatories already have targets to reach - or go beyond - net-zero

13 big businesses including Unilever and Microsoft join Amazon's Climate Pledge

More than a dozen large businesses including Unilever, Microsoft and Coca-Cola European Partners have signed up to Amazon's Climate Pledge, which requires signatories to reach net-zero by 2040 or sooner.

The UNEP is urging nations to stop relying on high-emitting industries for their economic recovery plans

UN: Green Covid-19 recovery will put world on track to meet Paris Agreement

While Covid-19 lockdown restrictions have resulted in falling carbon emissions, they will rebound and the world will warm by more than 3C this century without a coordinated and ambitious global green recovery approach.

Green groups have welcomed the commitment, but want more detailed outlines of how decarbonisation will be delivered

A 'vital step': Green economy reacts to the UK's new climate commitment

Green groups and business leaders have welcomed Prime Minister Boris Johnson's announcement that the UK has created an updated domestic emissions target for 2030 as its contribution to the Paris Agreement, but with progress lacking against upcoming carbon budgets, many want to see more detailed action plans.

The new target meets the recommendation of the Climate Change Committee 

UK to slash emissions by 68% by 2030, as part of Paris Agreement NDC

The UK Government will aim to reduce emissions by 68% by 2030, as part of a domestic action plan that will deliver the nation's contribution towards the Paris Agreement and limiting global temperature increases to well below 2C and build towards net-zero by 2050.

The CCC will publish its sixth carbon budget this month

CCC pushes Boris Johnson to bolster UK's 2030 climate target ahead of COP26

The Climate Change Committee (CCC) is urging Boris Johnson to commit to reducing the UK's emissions by at least 68% by 2030, through its updated Paris Agreement pledge for COP26.

BlackRock made a major U-turn on its climate approach earlier this year, joining the Climate Action 100+ after previously voting against the group

BlackRock debuts software that assesses climate risk for investors

Investment giant BlackRock has unveiled new software to help investors quantify climate risk and low-carbon opportunities relating to their portfolios.

O'Neill was Theresa May's choice for COP26 secretary. Image: ParliamentLiveTV

Former COP26 chair Claire O'Neill: UK falling behind on international climate engagement

Former Energy Minister Claire O'Neill (nee Perry) has told MPs she is concerned that the UK Government is failing to engage policymakers from other nations on climate action ahead of COP26, risking an unjust global low-carbon transition.

Survey: Just 1 in 10 businesses have backed up net-zero ambitions with science-based targets

While the number of businesses setting net-zero commitments has grown rapidly in recent months, just 10% of firms have set interim science-based emissions targets to ensure they're aligning with climate science.

The EU called on nations to learn lessons from the disruption caused by the coronavirus pandemic by improving preparedness and resilience when tackling the climate crisis

G20 urges preparedness to tackle climate crisis

As Donald Trump skipped some of the key virtual meetings between G20 leaders to play golf, the European Union (EU) has called on nations to learn lessons from the coronavirus pandemic by stepping up preparedness and resiliency to tackle the climate crisis.

Almost half of the companies assessed scored a ‘zero’ on emissions targets

Report: Carmakers including Tesla and Honda 'driving in the slow lane' towards climate goals

Two-thirds of the world's largest carmakers have not set electric vehicle (EV) and emissions targets in line with the Paris Agreement's less ambitious trajectory - and the auto sector is failing to deliver on human rights commitments, as well.

Canada will need to address its dependence on fossil fuels to meet the new target

Net-zero by 2050: Canada tables first climate legislation in more than a decade

Canadian Prime Minister Justin Trudeau has tabled a bill which would legally bind the nation to reaching net-zero emissions by 2050.

According to the Ellen MacArthur Foundation, there are more than 86 million tonnes of plastics in the oceans, with up to 12 million tonnes added each year

UK to support 'Paris Agreement on plastics'

The UK Minister for Pacific and the Environment, Zac Goldsmith, has revealed that the UK is willing to discuss a new global treaty to tackle plastics pollution, which has been supported by more than two-thirds of UN member states.

SSE intends to spend the equivalent of almost £4m a day on low-carbon activities through to the end of 2025

SSE unveils 'just transition' strategy to benefit communities during net-zero transition

Energy giant SSE has issued a public "Just Transition" plan, which lays out steps to protect workers and communities as the business and the UK moves towards net-zero emissions.

LafargeHolcim has committed to becoming the first global building materials company to have targets approved by the Science Based Targets initiative (SBTi)

LafargeHolcim links €850m to decarbonisation goals

The world's largest cement manufacturer, LafargeHolcim, has priced an €850m bond linked to the company's sustainability targets.

Oil and gas majors, along with materials giants, airlines and automakers, received the letter 

Disclose climate risks or face divestment, investors warn Europe's largest companies

A coalition of investors representing more than $9trn of assets has asked some of Europe's largest and highest-emitting companies, like Shell and Maersk, to prove they are aligning with the Paris Agreement and to improve climate risk disclosure.

Many were disappointed with the choice of sponsors for COP25 in Madrid in 2019

Utilities and banks: UK unveils first round of corporate COP26 sponsors

The UK's COP26 secretariat has named utilities SSE and Scottish Power, along with National Grid and NatWest Group, as its first sponsors for the climate conference next year.

Johnson has commenced a year-long countdown to COP26. Image: Foreign Office flickr

'No time to waste': Boris Johnson to set out 10-point plan to boost net-zero commitment

Prime Minister Boris Johnson has issued a global rallying call on nations to put forward raised ambitions to tackle the climate emergency as part of a year-long run-up to COP26, with the UK set to publish a 10-point plan to boost green jobs and reach net-zero imminently.

With the US accounting for 14% of global emissions, the world’s largest economy will be a key driver in striving to reach required levels of global decarbonisation

US Election 2020: What does Joe Biden's win mean for the global climate emergency?

US President-elect Joe Biden is outlining that first steps of his transition plan after beating Donald Trump in the US election. While the latter is yet to concede the results, leadership under the Democrats will deliver a very different outlook on global efforts to combat the climate crisis.

If Biden does win, more than 60% of global emissions would be covered by a net-zero ambition

The Net-Zero election: Will the US continue to swim against the tide on climate change?

It is election night in the US and millions of citizens have already cast their vote on who should be the next president. The divide between Donald Trump and Joe Biden is evident, with one ready to withdraw from the Paris Agreement and the other ready to embrace the net-zero transition. The result of this election will likely shape global climate negotiations moving forward.

The groups are calling for a fresh emissions goal to be set for 2030

Business groups call on Prime Minister to set Paris Agreement commitment by end of year

A number of green business groups have called on Prime Minister Boris Johnson and the UK Government to set a substantial commitment to the Paris Agreement that is aligned to the nation's own net-zero target.

On average, each of the 50 banks was linked $52bn in finance that is causing biodiversity loss risk

Banks and agribusiness linked to biodiversity loss

Some of the world's largest banks have been linked to industries that are causing mass deforestation and biodiversity loss, with some in the finance sector providing loans and underwriting worth more than $2.6trn to climate-wrecking initiatives.

Many businesses and trade organisations have upped lobbying activities as nations develop post-Covid-19 plans

Investors ask most-emitting companies to prove their climate lobbying is Paris-Agreement-aligned

Dozens of the world's highest emitting corporates have been asked to explain how their lobbying activities impact climate change by an influential group of investors.

Despite playing host to a growing renewable energy sector, Japan is still largely reliant on coal

Japan to legislate for 2050 net-zero target

Japanese Prime Minister Yoshihide Suga has vowed to enshrine a 2050 net-zero target in national law, major news outlets across the globe are reporting.

The Government has responded to advice from the CCC

Government to publish 'comprehensive' net-zero strategy in build up to COP26

The UK Government has responded to the latest Committee on Climate Change (CCC) progress report, pledging to publish a "comprehensive" strategy that will detail how all parts of the economy will decarbonise in line with the national net-zero emissions target for 2050.

The Chancellor announced in March the UKEF would receive an additional £2bn to finance clean energy projects overseas

UK Export Finance could support 42,000 green jobs by reallocating funds from oil and gas

The UK Government's direct lending facility could support more than 40,000 jobs in the renewables sector annually by 2035, if it were to assume liabilities for renewable exports like it currently does for oil and gas, new research has found.

The businesses are accountable for 13.5 gigatons of emissions across scope 1 and 2 – equivalent to 25% of all global emissions

From Tesla to Rio Tinto: Investors call on thousands of businesses to set science-based targets

Tesla, Nest, TIU, Roche Holding AG and Rio Tinto are amongst the 1,800 companies that have been urged to set science-based targets by a group of investors and financial institutions representing more than $20trn in assets under management.

With around half of global GDP covered by net-zero targets, fossil fuel majors are under pressure to transform

Low-carbon transition: Even best-prepared fossil fuel majors 'to see half of portfolios become uncompetitive'

While European oil and gas majors are diversifying their portfolios to include more renewables, setting stricter climate targets and adjusting their oil price predictions, at least half of their operations won't be competitive in a 1.6C world, a new report claims. 

In a 4.4C world, annual climate-related damage costs could be 17 times higher in 2200 than 2070, the report predicts

CDP: Paris Agreement alignment could cut climate change costs by two-thirds

The mean damage costs of climate change will reach $5.4trn annually by 2070 and "spiral" to up to $31trn per year by 2200 if the global temperature rise hits 4.4C by the end of this century - which it will unless 'business-as-usual' is transformed.


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