Green bonds market on track for a record half trillion year
Green, Social and Sustainability (GSS) bonds, Sustainability-linked bonds (SLB), and Transition bonds reached $496.1 billion in H1 2021 as markets surge.
Offsets next big bet for Tribeca Fund
Tribeca Investment Partners, which manages $3.2 billion of assets, has bought around $100 million worth of carbon credits.
Prompt climate action a $11t opportunity for India
India must act now to prevent the country losing $35 trillion in economic potential over the next 50 years due to unmitigated climate change, according to a report from Deloitte Economics Institute.
UK, India agree $1.2b package supporting renewable energy, sustainable infrastructure and tech
The UK and Indian governments have agreed upon a new $1.2b (£900,000) package of funding designed to accelerate the low-carbon transition.
Companies cannot use ECT to sue governments for climate progress, top court says
The Court of Justice of the European Union today held that EU climate polluters could not use the arbitration system under the Energy Charter Treaty (ECT) to claim compensation in disputes between member states.
Holcim Group targets net-positive nature impact
Holcim has also announced new commitments to achieve water positivity at 75% of its sites by 2030.
Garanti BBVA joins the Net-Zero Banking Alliance
The BBVA unit thus becomes the first and only Turkish bank to join the United Nations’ Net-Zero Banking Alliance (NZBA).
Scentre Group to halve emissions in 2025
Property firm Scentre Group committed to cut at least half of its Scope 1 and 2 emissions by 2025, with the remaining half to be cut before its final 2030 target.
Shell to pull misleading ‘Carbon Neutral’ offset campaign
The Netherlands’ Advertising Code Committee stated that Shell had not provided evidence that it is offsetting the emissions in full.
AT&T to reduce 1GT of carbon emission, launches initiative
AT&T launched the Connected Climate Initiative, a collaborative effort to reduce emissions among businesses by a gigaton relative to 2018 levels by 2035.
China energy regulator pledges to improve after audit
China’s energy regulator promised to improve its planning and policy making after a central government inspection team said it had failed to meet state environmental protection requirements.
CalSTRS Board commits to net zero investment portfolio
The Teachers’ Retirement Board (TRB) committed to achieving net-zero emissions across its investment portfolio by 2050 or sooner.
LA approves 100% clean energy by 2035 target
The Los Angeles City Council voted to transition to 100% clean energy by 2035, a decade earlier than the city originally planned.
Shenyang ETS to open on September 1
Shenyang carbon emission trading management measures will be officially implemented on September 1 2021.
CDP launches water impact index
CDP’s new water impact index assesses how more than 200 different industrial activities impact the world’s water resources.
Climate Action 100+ sets new benchmark for food and beverage net zero
A new sector strategy report by the investor group aims to enhance engagement between investors and food and beverage companies.
Denmark, Costa Rica call for Beyond Oil and Gas Alliance
The two countries are reportedly launching an alliance of nations that are committed to setting a date to phase out both fossil fuel production and use.
Pacific islands call for zero carbon shipping by 2050
Three climate vulnerable Pacific nations have asked the world’s governments to agree to aim to make international shipping emissions-free by 2050.
Maersk accelerates fleet shift, orders carbon-neutral vessels
AP Moller-Maersk ordered eight vessels which are able to run on carbon-neutral methanol to accelerate the decarbonisation of its fleet.
Scottish Green Party backs green economic recovery plan
The Bute House Agreement is a draft policy programme between the Green Party and the Government to address issues including climate emergency, economic recovery from COVID, child poverty and energy over the next 5 years.