COP28 Private sector finance at COP28: Commitment and capacity building Private sector climate finance needs to multiply by a factor of 15 to meet the goals of the Paris Agreement. Melodie Michel 06 December 2023
Operations & Finance Think tank warns against over-reliance on ‘underperforming’ carbon capture Relying on large-scale CCS, combined with an underperformance in these technologies, could lead to excess greenhouse gas emissions of 86 billion tonnes between 2020 and 2050. Melodie Michel 05 December 2023
Operations & Finance Many smaller companies are yet to develop a decarbonisation plan – and are in no rush to do so Multinational corporations are ramping up efforts to decarbonise their supply chains, but a new survey suggests that small and medium firms are yet to identify clear benefits in joining the net zero movement. Melodie Michel 01 December 2023
Operations & Finance US$13.5 trillion investment needed to decarbonise heavy industry Another US$11 trillion will also have to be spent by companies to retrofit existing assets with clean technologies. Melodie Michel 28 November 2023
Policy & Standards Global aviation body adopts 5% decarbonisation target to support SAF development All the sustainable aviation fuel produced in 2022 was bought, at a premium of US$500 million for the industry. Melodie Michel 27 November 2023
Operations & Finance UAE banks step up sustainability efforts ahead of COP28 in Dubai Growing sustainable financing goals signal that banks in the region are keen to support the world's net zero transition. Melodie Michel 27 November 2023
COP28 The three F’s of COP28 - Part 2: Finance COP28 policy incentives to mobilise private climate funding would be welcome as companies still struggle to balance short-term priorities with long-term sustainability goals. Melodie Michel 24 November 2023
Operations & Finance Investors managing US$11tn commit to lifting social and environmental standards in mining Members of the Mining 2030 Commission include representatives of communities affected by mining accidents. Melodie Michel 24 November 2023
Operations & Finance Telcos raise more than €1.3 billion in green bonds for energy efficiency Ericsson and Telefónica issuances suggest that appetite is strong for bonds linked to sustainability performance. Melodie Michel 23 November 2023
COP28 The three F’s of COP28 - Part 1: Fossil fuels For companies and CSOs, a COP28 agreement to phase out fossil fuels would lead to Scope 2 emissions reduction and strengthen the business case for investment in alternatives. Melodie Michel 22 November 2023
Carbon market UN one step closer to establishing global carbon market If new rules on project eligibility are adopted at COP28, this global carbon finance mechanism could finally start working next year. Melodie Michel 21 November 2023
Data and Technology Almost all investors think sustainability reports contain greenwashing To improve trust, investors would like to see sustainability reports assured by a third-party auditor. Melodie Michel 17 November 2023