07-Jun-2021
EU’s carbon border tariff to target steel, cement, power
The European Union plans to impose carbon emission costs on imports of goods, including steel, cement and electricity, according to leaked documents. The Commission is due to propose its carbon border adjustment mechanism on July 14.
07-Jun-2021
EU, Bill Gates make joint push for $1b clean tech spur
The European Commission has announced a partnership with Bill Gates’ sustainable energy funding vehicle with the goal of unlocking new investments for clean tech and sustainable energy projects totaling up to $1 billion (€820 million) over five years (2022-2026).
07-Jun-2021
Activist firm Engine No. 1 claims third Exxon board seat
A third Exxon board seat has been claimed by Engine No. 1, the activist firm that’s been targeting the oil giant over its dependence on fossil fuels.
07-Jun-2021
Bank of England aims for net-zero emissions before 2050
Bank of England Governor Andrew Bailey said on Thursday that the central bank would cut the carbon emissions from printing banknotes and running its buildings to net zero by 2050 at the very latest.
07-Jun-2021
JBS, Pfizer, others join Business Ambition for 1.5°C
New Business Ambition for 1.5°C campaign signees include: Kenya Electricity Generating Company (electricity-Kenya), Yum China Holdings (restaurants-China), JBS (meat processing-Brazil), Vistra (electricity-US), Boehringer Ingelheim (pharameuticals-US), Pfizer (pharameuticals-US), Corteva Agriscience (chemicals-US), and ECOM Agroindustrial (coffee, cocoa, cotton-Switzerland).
07-Jun-2021
Moscow Exchange and VTB to develop Russian carbon trading market
A newly signed agreement brings Moscow Exchange and VTB together to establish the regulatory framework and requirements for the sale of greenhouse gas emission credits and green certificate under Russia’s new climate bill.
07-Jun-2021
US, partners initiate marine areas protection program
The U.S., the U.K., Chile, Costa Rica and France launched the International Partnership on Marine Protected Areas, Biodiversity and Climate Change, which will give leaders information on these areas as a climate and biodiversity tool, the US National Oceanic and Atmospheric Administration (NOAA) announced.
07-Jun-2021
Highland Springs commits to net zero by 2040
Water producer/supplier Highland Spring Group has set a target to achieve net zero emissions by 2040 and become carbon neutral by the end of this year.
07-Jun-2021
Pension scheme CEOs debate goals and pitfalls of net zero
Four chief execs from Aviva, Scottish Widows, BT Pension Scheme and Brunel Pension Partnership held These participated in a panel discussion moderated by former Bank of England Governor Mark Carney on behalf of Make My Money Matter.
07-Jun-2021
G7 backs making climate risk disclosure mandatory
The Group of Seven (G7) wealthy countries backed moves to force banks and companies to disclose their exposure to climate-related risks. G7 finance ministers also called for more coordination to measure what impact companies are having on the climate and environment, warning of the risk of fragmentation as local jurisdictions adopt different approaches.
07-Jun-2021
Major firms team up to rally 100 million staff to take ‘personal climate actions’
PwC UK, BT Group, Landsec, Reckitt, EDF and IKEA among firms backing global campaign to encourage climate-friendly behaviours among staff.
07-Jun-2021
Russia passes first law to limit greenhouse gas emissions
Russian lawmakers for the first time have passed a law that will impose emissions reductions for certain companies and mandatory emissions reporting for others, along with a carbon credit system.
07-Jun-2021
Biden’s budget proposes $36b for tackling climate change
US president Joe Biden released last week his proposed budget for fiscal year 2022, calling for over USD 36b (€29.5b) to be committed to fighting climate change, an increase of over $14b compared to 2021.
07-Jun-2021
Coastal Arctic sea ice thinning faster than previously thought
Recent findings show that sea ice in the coastal Arctic may be thinning far faster than scientists believed, hence a need for adjusted climate models, while cooling effect of clouds may be underestimated.
07-Jun-2021
Ceres, Clean Air Task Force launch US oil & gas analysis tool for investors
A new analysis from Ceres and the Clean Air Task Force allows investors to directly compare emissions intensity and total reported emissions for US oil and gas producers.
07-Jun-2021
Taskforce on Nature-related Financial Disclosures launches
The much-anticipated Taskforce on Nature-related Financial Disclosures (TNFD) has launched, aiming to help businesses assess nature-related risks and opportunities, such as legal liabilities and systemic loss of soil fertility.
07-Jun-2021
Investment Association calls on G7 to standardize climate disclosure
The UK Investment Association, which represents $12t in the investment management industry, called on the G7 countries to do more to tackle climate change by committing to improve companies’ reporting on the climate-related risks they face.
07-Jun-2021
BMW China car factories to reach carbon neutrality this year
German luxury automaker BMW its factories in China plan to reach carbon emissions neutrality by the end of this year, while its total carbon emissions in its Chinese production chain will fall 80% by 2030.
07-Jun-2021
Disney, Google, Amazon and more launch Business Alliance to Scale Climate Solutions
Unilever, Amazon, Google, Microsoft, Disney, Netflix, Salesforce and Workday are partnering with the U.N., the Environmental Defense Fund (EDF) and WWF to devise ways to scale funding for climate solutions.
07-Jun-2021
Kingfisher signs £550 sustainability-linked loan
Screwfix and B&Q’s parent firm Kingfisher has signed a £550m ($778m) revolving credit facility linked specific ESG objectives.