COP29

Climate leaders call for overhaul of COP governance

"COPs should exclude countries and companies who do not support the phase out of fossil fuels."

Melodie Michel

18 November 2024

Operations & Finance

IKEA invests €1.5bn to phase out fossil fuels in existing properties

Heating and cooling are currently the largest drivers of emission within Ingka Group’s own operations.

Melodie Michel

15 November 2024

COP29

Global warming outlook worsens as 2024 brought ‘minimal progress’ on climate

Donald Trump's programme in the US is expected to raise global temperatures by 0.04ºC.

Melodie Michel

14 November 2024

COP29

‘Make Big Oil pay’ campaign takes over COP29 website as report projects record fossil fuel emissions in 2024

Many oil and gas companies are backtracking on their climate commitments, investing in production expansion instead.

Melodie Michel

13 November 2024

COP29

Sustainability leaders head to COP29 with dampened enthusiasm

Many believe the two-week event starting on November 11 in Baku is unlikely to yield ambitious results.

Melodie Michel

08 November 2024

Climate litigation

BlackRock greenwashing case tests enforceability of sustainable fund label rules

"We want other investment managers to heed the warning of this complaint."

Melodie Michel

18 October 2024

Policy & Standards

UN adopts Pact for the Future urging ‘transition away from fossil fuels’

A previous draft, released last July, had dropped all mentions of fossil fuels.

Melodie Michel

23 September 2024

Energy Transition

FIs strengthen climate policies for oil and gas

ING stops funding new oil fields and Zurich expects credible climate transition plans.

Melodie Michel

20 September 2024

COP29

COP29: Azerbaijan wants fossil fuels to fund climate adaptation

Azerbaijan’s energy agenda for this year's COP has been met with scepticism.

Melodie Michel

17 September 2024

Policy & Standards

Investors managing US$29 trillion call for stronger climate policies – including carbon pricing

Yet it’s estimated that only 1% of global emissions are currently priced high enough to meet the goals of the Paris Agreement.

Melodie Michel

17 September 2024

Transition Finance

Wells Fargo begins developing transition finance framework

Banks could generate US$44 billion of extra revenue annually through 2030 by financing the climate transition.

Melodie Michel

03 September 2024

Policy & Standards

SBTi calls for no new fossil fuel installation from 2030 to decarbonise buildings

Companies setting SBTi-approved targets in the construction sector shall also reduce operational and embedded emissions.

Melodie Michel

29 August 2024