The Paris Agreement

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In terms of market capitalisation, ExxonMobil was one of the top three offenders named in the report

Eight in ten oil and gas majors on track to breach Paris Agreement, despite increase in net-zero pledges

An analysis of the emissions and climate plans of 58 oil and gas giants has found that most are failing to decarbonise in line with climate science, with Saudi Aramco, ExxonMobil and Chevron among the worst offenders.

edie speaks to experts to uncover how the market for NbS is improving to alleviate fears of greenwash

From greenwash to supply squeezes: How COP26 changed the nature-based solutions market

At COP26 earlier this month, the mechanisms on the Paris Agreement rulebook were finally agreed upon, with key aspects on carbon markets defined in unison by world nations. So, will this new and strengthened carbon market assist corporate net-zero targets, particularly through the lens of nature-based solutions?

Businesses had a key role at COP26, a role that is even more important now. Image: UNClimateChange

Glasgow Climate Pact: How can businesses keep 1.5C alive?

The UK Government wanted COP26 to keep the 1.5C trajectory of the Paris Agreement "alive" and the verdict is that it has, but just barely. But with some nations set to renegade on mechanisms included in COP26's Glasgow Climate Pact, it is clear that businesses need to become a unified driver of the net-zero movement.

Image: UK Government

Boris Johnson: COP26 delivered as much as we could have hoped

Prime Minister Boris Johnson has delivered a post-COP26 press conference, saying he feels "tinged with disappointment" that a stronger deal was not struck, but defending the summit as a "success".

Image: UNClimateChange flickr

Glasgow Climate Pact: The 7 key talking points from the new global deal at COP26

As the dust settles on COP26 in Glasgow, people are still getting to grips with the new Glasgow Climate Pact and what that means for the global climate movement. Here, edie outlines seven key talking points (not all of them bad) from this historic new announcement.

Image: UNClimateChange flickr

Glasgow Climate Pact: World leaders agree final climate deal at COP26

BREAKING: The gavel has finally come down and world leaders have this evening (13 November) agreed the new 'Glasgow Climate Pact', which calls on all nations to set new climate targets by the end of next year and phasing down unabated fossil fuel usage and inefficient subsidies.  

Image: UNClimateChange flickr

1.5C 'only just' in reach: Business leaders and green economy react to Glasgow Climate Pact at COP26

After two weeks of tense negotiations, climate protests and sweeping climate announcements, COP26 has officially closed with the formation of the Glasgow Climate Pact, an agreement to raise climate ambitions that has seen green groups call for heightened policy and business interventions to keep 1.5C alive over the coming years.

edie brings you the latest developments, pictures and videos LIVE from the ground at COP26

COP26 climate agreement: As it happened

The Glasgow Climate Pact has been agreed, receiving a mixed reaction across the world. Follow all the action and reaction as it happened in edie's live blog. 

Images: UNFCCC

The second week of COP26: The 10 biggest stories

COP26 was officially scheduled to end at 6pm on Friday (12 November), after a two-week-long push to prevent the worst of the climate crisis and align global plans with the Paris Agreement's 1.5C trajectory. It has officially over-run overnight and, as negotiators continue their work, edie summarises the week's key developments.

Regardless of language, nations will likely be asked to submit new 2030 actions plans next year. Image: UNClimateChange

Updated COP26 draft plan waters down key language on fossil fuels and NDCs

With negotiations scheduled to finish later today (12 November) at COP26, a new draft plan has been unveiled with subtle yet important changes, such as "requesting" that nations submit updated climate plans by the end of 2022, but has watered down facets on fossil fuels.

Pictured: Nicola Sturgeon, Vanessa Nakate and Nigel Topping at this afternoon's 'Racing to a Better World' event

COP26: six things you need to know from Cities, Regions and Built Environment Day

The final day of COP26 proceedings for non-state actors (11 November) was dedicated to Cities, Regions and the Built Environment. Here, edie rounds up the day's big announcements in this space, and summarises the state of play as negotiations enter their final hours.

Video Interface's Erin Meezan on why raising climate ambitions is good for business

EXCLUSIVE: The chief sustainability officer of carpet tile manufacturer Interface has told edie that setting stretching, ambitious and uncomfortable climate targets was key to galvanising businesses and unlocking innovation.

Retail associations will aim to get members signed up to Race to Zero

Retail giants launch Race to Zero accelerator to get more businesses targeting net-zero

Some of the biggest brands in the retail industry have launched a new accelerator pledge, urging other businesses in the sector to sign up to the UN's Race to Zero campaign and set and achieve 1.5C-aligned carbon reduction targets.

Image: UNClimateChange flickr

Fossil fuel phase-outs and new climate action plans remain in COP26 final draft, with strings attached

COP26 President Alok Sharma had unveiled a final draft proposal for negotiations, with key measures to raising climate ambitions by the end of 2022 and the phase-out of "inefficient" fossil fuel subsidies surviving in the texts.

The documents set up a tense negotiating period at Glasgow

COP26 draft plan: Countries urged to submit and strengthen climate plans

The COP26 Presidency Unit has published the draft "cover decision" of negotiations at the summit so far, calling on nations to "revisit and strengthen" their 2030 climate targets by the end of 2022 in order to keep any chance of reaching the 1.5C pathway of the Paris Agreement alive.

Image: She Changes Climate

Spotlight on gender at COP26: 8 inspiring women tackling the climate crisis

To mark Gender Day (9 November) at COP26, edie collates a non-exhaustive list of women whose voices have been integral to the summit so far, including activists from the global south and UN representatives.

We Mean Business Coalition's chief executive María Mendiluce spoke with edie's content director Luke Nicholls in the Business Pavilion at COP26

María Mendiluce on keeping 1.5C alive and achieving global carbon market deal at COP26

EXCLUSIVE: The chief executive of the We Mean Business Coalition has told edie that the goal of limiting global warming to 1.5C is 'alive, but in intensive care' and that world leaders must 'get their act together' to unlock Article 6 of the Paris Agreement.

The busiest live event of the day in the Blue Zone was a speech from former US President Barack Obama. Image: UNFCCC

Five things you need to know from Adaptation, Loss and Damage Day at COP26

The second Monday (8 November) here at COP26 was dedicated to adaptation, loss and damage, with major announcements from nations, cities, regions and businesses. Here, edie rounds up five big stories from the day.

Images: UNClimate CHange (flickr)

The first week of COP26: The 10 biggest stories

It's half-time on the two-week push to move the world towards the 1.5C ambition of the Paris Agreement, with negotiations set to continue following a rest day on Sunday (7 November). Here, edie summarises all the key development from the first week of COP26.

For the first time, national ambitions and commitments pushed the world into the 2C threshold of the Paris Agreement

COP26 week 1 analysis: Is the world any closer to 1.5C?

The first week of negotiations in Glasgow has led to some head-spinning announcements, the formulation of crucial climate coalitions and some massive restructures to the economy. One question still needs answering though: is COP26 'keeping 1.5C alive'?

It is believed the new commitments could signal the end of more than 40GW of coal across 20 countries Image: UNClimateChange

COP26: 190 nations, regions and organisations commit to major coal power and financing phase-outs

A coalition of the world's major economies, financial institutions and organisations have come together to accelerate efforts to phase-out coal generating capacity and financing for new fossil fuel projects at COP26.

Image: IFRS Foundation

'Moving the trillions': 6 things you need to know from Finance Day at COP26

With the World Leaders Summit wrapped up, the COP26 presidency programme now consists of themed days for non-state actors, as negotiations continue. Wednesday (3 November) was finance day - one of the most highly anticipated. Here, edie rounds up six key headlines from the day.

Image: WBCSD

Corporate Determined Contributions: Business vows to play its part in delivering Paris Agreement

Businesses are calling at COP26 for a mechanism for delivering emissions reductions aligned with the Paris Agreement, similar to that currently used by countries - Nationally Determined Contributions (NDCs).

Carney claimed the $130trn from GFANZ was sufficient in delivering net-zero

International Sustainability Standards Board launches as investors worth $130trn focus in on climate

The IFRS Foundation Trustees have marked Finance Day at COP26 by confirming the formation of an International Sustainability Standards Board (ISSB) to create a globe baseline for corporate sustainability disclosures that meet investor demands.

Image: UNclimatechange

World leaders launch 'breakthrough agenda' for affordable cleantech globally

More than 40 world leaders, including those representing the UK, the US, India, China and the EU, have signed up to a new declaration aiming to deliver clean and affordable technology and solutions across the globe by 2030.

The first official full day has been jam-packed with panel talks, protests and photo ops. Here, we round up key happenings in terms of international speeches and pledges. Image: UK COP26 Unit 

COP26 World Leaders Summit: 6 things you need to know from Day 1

World leaders were officially welcomed to COP26 on Monday (1 November), with a host of Prime Ministers and national leaders joined by Sir David Attenborough and Prince Charles in setting a tone of urgency for two weeks of critical climate negotiations. Here at the key announcements from Day One of the World Leaders Summit.


'Paris promised, Glasgow must deliver': Alok Sharma issues call to action at COP26 opening ceremony

In the official opening address for the COP26 climate summit, the UK's COP26 President Alok Sharma called on nations to work collaboratively to deliver the aims of the Paris Agreement and "launch a decade of ever-increasing action and ambition" that keeps 1.5C alive.

We've collated advice from those who have attended multiple COPs, to help first-time attendees. 

6 top tips for getting the most out of COP26

COP26 is officially opening in Glasgow on Sunday (31 October). For first-time COP attendees looking for more climate treats than tricks this Halloween, edie has pulled together advice for getting the most out of the event.

Most businesses think they will have to go beyond net-zero to tackle the climate crisis

Six in 10 businesses are concerned that delivering against long-term net-zero targets alone will not create an adequate response to the climate crisis, a major survey by the World Business Council for Sustainable Development (WBCSD) has revealed.

Stay tuned for daily round-ups, podcasts, video interviews and a live blog running throughout the two-week summit

edie at COP26: Stay informed with live and exclusive coverage from Glasgow

With the editorial team on the ground in Glasgow for the duration of the COP26 climate summit (31 October - 12 November), edie will be cutting through the COP26 noise with live blogs, at-a-glance daily summaries, exclusive video interviews and a brand-new daily podcast show. Here's how you can get involved.

The funds analysed account for more than a third of the total asset fund industry

CDP: Less than 1% of funds worth $27trn are aligned to the Paris Agreement

Less than 1% of investment funds worth $27trn are currently aligned with the Paris Agreement's target to keep global temperature increases "well below" 2C, according to new analysis from CDP.

The validation process will open for corporates in January 2022

Science Based Targets initiative launches net-zero standard for corporates

The Science Based Targets initiative (SBTi) has today (28 October) unveiled the world's first standard for corporate net-zero emissions aligned to climate science.

The guidance papers were launched ahead of COP26

Net-zero guidance launched for financial institutions and pension providers

Ahead of the G20 Summit in Rome this weekend, the UN Environment Programme Finance Initiative (UNEP FI) has published a set of recommendations for financial institutions to reach net-zero, while a net-zero transition plan has also been published for pension providers.

This exclusive series has been running regularly, bringing you the key headlines, statistics and events in the run-up to COP26

COP26 Action Tracker: Australia and Saudi Arabia set net-zero goals, questions remain about logistics of summit

With less than one week to go until COP26, this latest edition of edie's Action Tracker explores the eleventh-hour actions being taken by the nations and the private sector.

80% of Covid-19 recovery funding from national governments to date has gone to activities likely to increase or maintain emissions, the report reveals

UN Emissions Gap report: World has failed to accelerate climate action in Covid-19 recovery plans

Climate commitments and plans from national governments are currently aligned with a 2.7C temperature increase, despite many nations badging their updated targets as net-zero or compliant with the Paris Agreement's 1.5C pathway.

UK-based businesses with 1.5C-aligned targets only account for 3% of annual national business-related emissions

Report: UK can still meet climate ambitions if all large businesses in set 1.5C science-based targets

Unless all large businesses in the UK draw up and implement plans decarbonise in line with the Paris Agreement's 1.5C trajectory within two years, the nation risks missing its long-term net-zero target.

UNEP found that governments plan to produce more than double the amount of fossil fuels in 2030 than what would be consistent with limiting global warming to 1.5C

Nations on course to breach Paris Agreement targets through rising fossil fuel production

The world is on course to produce around 110% more fossil fuels than what is compatible with a 1.5C future, according to a new UN report warning that governments plan to double fossil fuel production by 2030 despite setting net-zero targets.

The company has appointed new climate change specialists to strengthen its sustainability team

John Lewis joins Race to Zero as work starts on 1.5C science-based targets

The John Lewis Partnership has appointed new climate specialists to oversee the development of science-based targets in line with the 1.5C pathway of the Paris Agreement, as the retailer builds towards its net-zero target for 2035.

Ahead of COP26 Sunak has called on other G7 nations to support the IMF’s proposed Resilience and Sustainability Trust

G7 to explore carbon pricing and green finance for developing nations

G7 Finance Ministers have agreed on a new set of principles aimed at improving global supply chain resiliency and backing a new initiative from the International Monetary Fund (IMF) aimed at helping developing countries boost green economic opportunities.

Some G20 nations - which account for 75% of global greenhouse gas emissions –  are on course to exceed emissions levels in 2019

G20 must strengthen climate targets if Paris Agreement is to be met

New research has warned that despite the rise in national net-zero targets, the G20 is on course to bulldoze past both the 1.5C and 2C pathways of the Paris Agreement.

Williams Racing is now the first Formula 1 Team to be a signatory of the UNFCCC’s UN Sports for Climate Action Framework

Williams Racing commits to becoming 'climate positive' by 2030

Williams Racing team has set out a new five-pillar sustainability strategy that sees the Formula 1 team commit to becoming "climate positive" by 2030.

As much as $4trn of additional climate finance will be needed within a decade to deliver net-zero by 2050, the report states

'Stubbornness of the status quo' jeopardising Paris Agreement progress, IEA warns

The International Energy Agency (IEA) has published this year's World Energy Outlook, revealing that the world is seeing the second-largest year-on-year increase in CO2 emissions on record post-pandemic.

This exclusive series will be running regularly, bringing you the key headlines, statistics and events in the run-up to COP26

COP26 Action Tracker: UN biodiversity summit underway, G20 finance ministers set to gather

With less than three weeks to go until COP26, this latest edition of edie's Action Tracker explores the eleventh-hour actions being taken by the UK Government and the private sector.

Virgin Atlantic has already delivered a 20% reduction in fleet carbon emissions

Virgin Atlantic unveils new carbon targets to help reach net-zero by 2050

Virgin Atlantic has today (11 October) confirmed new carbon targets that will push the company towards a goal of reaching net-zero emissions by 2050.

G20 leaders are meeting in Rome on October 30-31, ahead of COP26

Finance giants to G20 leaders: Close policy loopholes to end financing for activities that will derail net-zero

An alliance of finance giants collectively representing $90trn in assets is urging G20 nations to end fossil fuel subsidies, bolster carbon pricing and introduce new climate mandates for businesses, to ensure long-term net-zero pledges are credible.

The bloc has also agreed new climate finance measures this week

EU ministers sign off on COP26 position, with one caveat

EU environment ministers have agreed on an ambitious stance going into the COP26 climate summit in November, but said they will only implement it if all other signatories of the Paris Agreement commit to do the same.

UK membership associations currently cover more than 13 million working professionals

UK professional institutions launch Charter for Climate Action

The UK's leading professional institutions have launched a new Charter for Climate Action, calling on bodies to reduce emissions in line with the Paris Agreement while upskilling their workforces to champion the sustainability movement.

More than 40% of the total $11.6trn in assets across PDBs is “highly dependent on vulnerable ecosystems” 

Banks linked to $800bn in annual nature destruction, report warns

A new report has warned that lending activities from public development banks is linked to around $800bn in annual damage to nature and ecosystems, according to a new report that is calling on banks to run stress tests on nature-related financial risks.

The current commitment does not yet cover Scope 3 emissions

International Council on Mining and Metals targets net-zero emissions by 2050

The International Council on Mining and Metals (ICMM) has unveiled a new strategic target for its members to achieve net-zero emissions by 2050 "or sooner" with pathways and plans to account for Scope 3 emissions to be published over the coming years.

(L-R): Bridget Jackson, Will Kirkpatrick, Sam Lux and Brendan Abadie joined edie's content director Luke Nicholls on stage

How can we unlock the sustainable business opportunities of COP26?

EXCLUSIVE: Businesses must use COP26 as an opportunity to improve the climate narrative, making it more engaging and accessible, while also pushing policymakers for more clarity on laying the foundations for the net-zero transition.

COP26 engagement lead Nick Baker: Businesses are 'key lever' to delivering Paris Agreement

The UK COP26 Unit's deputy director for engagement, Nick Baker, has called on businesses to step-up their own commitments and "turbocharge collaboration" on climate ahead of the conference, to help keep a 1.5C future within reach.

Glasgow (pictured) is cited as a good example of a city beginning closer collaboration with its national government on issues such as energy efficiency 

80% of cities not yet 1.5C-aligned; more government support needed for local climate action

Just one-fifth of the world's cities have reported climate plans aligned with the Paris Agreement's 1.5C trajectory, with many saying they need more support to accelerate decarbonisation and adaptation.

The CCAG is calling for a revamp of carbon pricing policies and mechanisms

Scientists call for revamped and increased carbon pricing

A group of climate scientists has called for a complete revamp of carbon pricing mechanisms in the build-up to COP26 to ensure that they actively reflect the scale of action required to respond to the climate crisis and enable businesses to deliver deep emissions cuts.

Coal is one of the six areas covered; the report argues the case for nations to go beyond commitments to no new coal and to draw up plans for closing existing plants

Report: Action on just six issues can deliver 90% of emissions reductions needed to limit global heating to 1.5C

The Energy Transitions Commission has published a new landmark report, outlining how policymakers can deliver the deep emissions cuts needed this decade to put the world on track to deliver the Paris Agreement.

The letter calls for the immediate end to new coal power development

Business giants call on G20 to strengthen climate commitments

Some of the world's largest businesses, including Unilever, Netflix and Volvo, have written to the G20 calling on nations to strengthen climate targets and deliver on climate finance commitments in the build-up to COP26.

This exclusive series will be running regularly, bringing you the key headlines, statistics and events in the run-up to COP26

COP26 Action Tracker: Green gilts, Covid-19 safety fears and Australia's uncertainty

With less than 50 days to go until COP26, this latest edition of edie’s Action Tracker paints a mixed picture – with positive announcements on climate finance and corporate sustainability marred by fears over Covid-19 preparations for the UN talks, and pessimism around its outcomes. 

Collectively, Paris Aligned Asset Owners now represent more than $2.35trn in assets 

Major UK pension funds among latest investors to join global net-zero commitment

Tesco Pension Investment, the London Pensions Fund Authority and Railpen are among 12 asset owners to have this week joined a global collaboration designed to spur the transition to net-zero-aligned investing.

World leaders are set to discuss a global biodiversity framework next month, as part of virtual CBD negotiations

Investors call for stronger global biodiversity framework to be delivered at COP15

A group of investors worth more than $10.6trn in assets under management has issued a statement ahead of the Convention on Biological Diversity's COP15 next month, calling for heightened global action to end deforestation and ensure sustainable land use.

edie commits to amplify Race to Zero membership by supporting readers, event attendees and club members in their decarbonisation efforts

edie announced as official Race to Zero Accelerator and media partner ahead of COP26

edie has today (21 September) been announced as an official "Accelerator" of the UN-backed Race to Zero campaign as part of a concerted effort to build momentum for the global race to net-zero emissions in the run-up to the COP26 climate talks.

When accounting for all available NDCs from the 191 Parties, the report warns that a “sizable” increase in emissions of around 16% will occur by 2030

UN: Climate commitments must redouble to meet Paris Agreement

Nations must redouble planned climate targets if the world is to meet the minimal threshold of the Paris Agreement, according to a new UN report warning that while emissions are being reduced, the pace of progress is falling behind required rates.

The survey found that 65% believe governments are failing young people

'The future is frightening': Climate change linked to psychological distress in young people

A global study of more than 10,000 young people aged 16-25 has found that a perceived failure from governments and nations on climate action is leading to cases of distress and anxiety, with some feeling future generations have been "betrayed" by inaction.

The MPs are warning that the Bank is failing to consider the impacts that biodiversity loss and the climate crisis will have on financial stability

MPs call on Bank of England to improve green finance approaches

MPs across all political parties have jointly written to the Bank of England, warning that it is failing to appropriately support the green economy by not pivoting away from the fossil fuel industry.

Asos will also ensure that at least 50% of leadership-level positions within the company a represented by women by 2030

Asos targets net-zero value chain by 2030 as part of sweeping new ESG strategy

Online fashion retailer Asos has launched a new sweeping sustainability strategy, outlining plans to deliver a net-zero value chain, embed circular design principles, increase human rights transparency and improve leadership-level diversity across the organisation, by 2030 at the latest.

The proposal will be tabled next year

EU plans certification scheme for carbon dioxide removals

The European Commission will publish a policy paper by the end of the year on "the sustainable management of the carbon cycle" - the first step towards an EU-wide certification scheme for negative emissions coming from agriculture, forestry and other sources, that will be tabled in 2022.

MPs remained in key climate positions in the build up to COP26

Kwarteng and Sharma keep key climate roles as part of cabinet reshuffle

COP26 President Alok Sharma and BEIS Secretary Kwasi Kwarteng have both remained in their respective positions, as part of the Prime Minister's cabinet reshuffle that saw former Environment Secretary Michael Gove step into the head of Ministry of Housing, Communities and Local Government.

The research finds that emissions are likely to be the same levels in 2030 as they are today

Just one country on course to meet 1.5C target, new research warns

Only Gambia is currently on course to deliver climate action that is in alignment with the 1.5C pathway of the Paris Agreement, according to new research from Climate Action Tracker (CAT), which warns that momentum on updating climate targets has stalled.

the WorldGBC is now calling for businesses to account for the whole lifecycle impact of all new buildings and major renovations

'Reduction-first approach': WorldGBC updates net-zero buildings commitment

The World Green Buildings Council (WorldGBC) has today (15 September) unveiled an update to its longstanding Net Zero Carbon Buildings Commitment, that aims to ignite a "reduction-first" approach to decarbonisation to halve emissions from the sector by 2030 and tackle lifecycle emissions.

The consultancy is calling for investors and corporates to strengthen relations and disclosure related to current or intended net-zero business pledges

Half of UK investors facing 'major' climate-related risks to assets

Around 50% of the UK's institutional investors are facing "major" climate-related threats that could impact the value of their portfolios - namely those focused on the private sector - according to new research.

The new report builds on the IEA's recent call to end the expansion of the fossil fuel sector immediately 

Report: Oil and gas firms must halve production by 2030 if world is to deliver Paris Agreement

Oil and gas companies must plan for major production declines by the 2030s to meet the 1.5C target laid out in the Paris agreement, or risk losing $1trn, according to a new report.

Amazon believes the Accelerator will enable farmers to utilise NbS to combat the climate crisis

Amazon launches nature-based solutions 'accelerator' to support farmers and cut emissions

Amazon has today (2 September) launched a new agroforestry and restoration programme that will utilise nature-based solutions (NbS) while improving livelihoods for local farmers in the Brazilian Amazonian region.

The report forms part of edie's Countdown to COP26 festival of content, supported by O2

edie's latest COP26 Primer report focuses on nature-based solutions

As part of the brand-new Countdown to COP26 Festival of digital content and events, edie has this week launched its latest "Primer Report" which provides need-to-know insights into the key themes of this year's crucial climate talks. Up next: Nature-Based Solutions.

Green policy decisions made this year will affect the climate for decades to come, the report warns

Go beyond net-zero and target net-negative emissions, climate scientists urge

A group of world-renowned climate scientists is arguing that ambitions for reaching net-zero emissions by 2050 will no longer be enough to avoid the worst impacts of global heating, in light of the fact that change is happening more rapidly than predicted.

This new series will be running regularly, bringing you the key headlines, statistics and events in the run-up to COP26. Bottom-left image: David Mirzoeff 

COP26 Action Tracker: Nations urged to respond to IPCC report as Cambo oilfield row rolls on

With less than 100 days to go until COP26, this new series from edie will provide a regular temperature check of global climate action from nations and businesses.

MPs from other parties are pressing Johnson and Sharma to do more to align domestic policymaking with net-zero ahead of COP26

'Sobering reading': Boris Johnson reacts to new IPCC report

Prime Minister Boris Johnson has responded to a major new report from thousands of the world's leading climate scientists, calling for all world leaders to treat the findings as a "wake-up call" in the run-up to COP26.

edie outlines how businesses can begin to respond to the report in order to accelerate decarbonisation and improve long-term resiliency against a changing climate

5 key corporate net-zero considerations based on the latest IPCC report

The Intergovernmental Panel on Climate Change (IPCC) has issued a report warning that irreversible and unprecedented changes to the planet are being caused by the climate crisis. Here, edie summarises how businesses should respond to the warnings in the new landmark report.

JBS’s chief executive Gilberto Tomazoni met with Alok Sharma, President-Designate of COP26

World’s largest meat company JBS joins Race to Zero initiative

The world’s largest meat company, JBS, met with COP26 President Alok Sharma to formally join the Race to Zero campaign, building on a net-zero commitment set earlier this year.

According to the report, no regions will be immune to the impacts of the climate crisis in the coming decades

'The package currently on the table is perilously inadequate': Green economy reacts to new IPCC report

The Intergovernmental Panel on Climate Change's (IPCC) Working Group 1 has published a major new report outlining how the severity of the physical impacts of the climate crisis will grow without immediate and deep cuts to emissions. Here, edie rounds up the key pieces of reaction from across the UK's green economy.

Pictured: A firefighter attending to wildfires in Greece. The IPCC's report outlines how increasing global temperatures and changing weather patterns contribute to extreme weather events.

IPCC report: Global temperature increase likely to pass 1.5C sooner than thought

The window in which to deliver the "deep emissions cuts" needed to prevent the worst impacts of the climate crisis is closing rapidly, thousands of scientists are warning, meaning that our best chance of delivering the Paris Agreement is to reach "at least net-zero" by 2050.

This new series will be running regularly, bringing you the key headlines, statistics and events in the run-up to COP26

COP26 Action Tracker: G20 members clash on coal as credibility of corporate net-zero targets questioned

With less than 100 days to go until COP26, this new series from edie will provide a regular temperature check of global climate action from nations and businesses.

The charity argues that land-based carbon removal methods could cause food prices to grow by 80% by 2050, pushing even more people into cases of hunger

Nations and businesses 'hiding behind net-zero smokescreen', Oxfam warns

Governments and corporates are relying too much on 'unproven and unrealistic' carbon removal and offsetting schemes in order to reach net-zero targets, with a new report from Oxfam warning that a land area five times the size of India would be required to create new forests for these measures.

As hosts of COP26, the UK is expected to encourage, or indeed pressure, other nations to submit raised climate action plans ahead of COP26 this November

Almost half of world nations fail to submit updated climate plans ahead of COP26

A little over half of the world's nations have submitted updated climate action plans ahead of the crucial climate summit in Glasgow later this year, with the UK now pressing for the likes of China and India to outline decarbonisation plans.

Make My Money Matter calls on the pension schemes to match the 1.5C ambition of the Paris Agreement

Pension schemes urged to set net-zero targets ahead of COP26

More than 80 defined benefit (DB) pension schemes have been urged to align with the Paris Agreement by aiming to reach net-zero emissions by 2050 at the latest while also ensuring a rapid exit from coal investments.

All of the state-owned businesses and major corporates analysed have increased either oil or gas production, or both, since 2014

Report: Oil and gas companies set to eat up 80% of global carbon budget

The oil and gas sector is set to burn through some 80% of the total global carbon budget the world will need to stick to if the Paris Agreement's 1.5C trajectory is to be realised, a major new report has revealed.

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

Shell to appeal court ruling compelling it to set more ambitious climate targets

Royal Dutch Shell has confirmed plans to appeal a court ruling ordering the energy major to set stronger targets to reduce greenhouse gas emissions.

This new series will be running regularly, bringing you the key headlines, statistics and events in the run-up to COP26

COP26 Action Tracker: China's ETS launches as UK's Cambo oilfield plans draw controversy

With less than four months to go until COP26, this new series from edie will provide a regular temperature check of global climate action from nations and businesses.

Both businesses are aiming for net-zero by 2040 at the latest

Inditex and Elsevier commit to net-zero emissions by 2040

Clothing giant Inditex and research publishing firm Elsevier are the latest corporates to have updated their corporate strategies, setting ambitions to reach net-zero emissions by 2040 at the latest.

More than 600 companies globally have committed to 1.5C targets

SBTi to increase minimum target-setting requirements to 1.5C

The Science Based Targets initiative (SBTi) is updating its strategic approach to increase the minimum ambition for corporate climate action from "well below 2C" to 1.5C above pre-industrial levels, as envisioned by the Paris Agreement.

Waygood has been with Aviva Investors for 14 years, founding its Centre for Sustainable Fiance Excellence

Aviva's Steve Waygood: Now is the time for finance firms to become climate macro-stewards

With the world on track for 3.2C of warming by the end of the decade, by UN estimates, Aviva Investors' chief responsible investment officer Steve Waygood is urging professionals in his line of work to go beyond their four walls and influence international climate plans.

More than 50,000 jobs in carbon-intensive industries would also be safeguarded

UK's carbon capture and storage market could create 50,000 jobs

The UK could become an early mover in the global carbon capture utilisation and storage (CCUS) market and create up to 50,000 jobs if new enabling policies are introduced.

Common offsetting projects include tree planting and other nature restoration or creation, as well as helping communities to access renewable electricity or clean cooking fuel

Carbon offsetting: Global governance body to be formed this year

With more businesses turning to carbon offsetting as a means to net-zero, the sector will need to grow dramatically - but concerns persist about greenwashing. To that end, plans have been drawn up to launch an independent governance body by the end of 2021.

As few as six materials, including concrete and steel, account for 70% of the construction-related embodied carbon

Report: Built environment failing to account for lifecycle emissions of projects

Businesses operating in the built environment sector have been called upon to adopt a whole lifecycle approach to assessing greenhouse gas (GHG) emissions, with a new report finding that less than 1% of global building projects currently calculate and report on lifecycle emissions.

The Barometer report has been published today (7 July) and is free to access 

How are UK businesses approaching the net-zero transition? Find out with edie's new Barometer

The first edition of edie's new bi-annual Net-Zero Business Barometer, providing a regular temperature check and progress update regarding the decarbonisation of organisations across the UK, is now available to download.

The letters request a response by 15 August

Investors call on banking giants to step up on climate and biodiversity commitments

More than 100 investors, including the likes of Aviva and M&G Investments, representing $4.2trn in assets under management have written to some of the world's biggest banks, calling on them to strengthen climate and biodiversity targets this year.

This new series will be running regularly, bringing you the key headlines, statistics and events in the run-up to COP26

COP26 Action Tracker: Recapping the G7 Summit and outlining a green policy wishlist

With less than five months to go until COP26, this new series from edie will provide a regular temperature check of global climate action from nations and businesses.

The new Tracker covers some $25trn of managed and owned assets

Analysis: Two-thirds of UK finance firms have climate targets, but most are failing to shift investments

While most of the UK's biggest banks and asset managers have updated their climate targets in light of net-zero, finance flows are still ultimately favouring high-carbon projects and businesses, according to new analysis of more than 1,200 financial institutions.

The Court concluded that the French Government is not taking "all the necessary measures" to meet its 2030 climate goals

'Landmark ruling': French Government ordered to align with climate targets within nine months

France's top administrative court has condemned the Government's failure to comply with the Paris Agreement and fight global warming, giving it nine months to get in line with the climate objectives it signed up to.

Priority areas for spending include energy, agriculture, food, water and land, cities, transport and manufacturing

World Bank increases climate finance for developing nations

The World Bank Group has issued a new spending plan through to 2025 that will ensure that an average of 35% of total spending is focused on climate adaptation and decarbonisation in developing countries.

The Group will also upskill employees to educate them on new climate-related initiatives as they are introduced

Addo Food Group targets net-zero emissions by 2035

The owner of food brands such as Wall's, Bowyers and Pork Farms has announced its intention to reach net-zero emissions by 2035 by setting science-based targets across its whole value chain in line with the 1.5C ambition of the Paris Agreement.

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.

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