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Showing 21 - 30 of 246 results for "Paris Agreement"

Net zero dreams float on unscaled tech

ROSE MARY PETRASS  |  THURSDAY, 22 AUG 2024  |  NEWS
... of over 500 investors warning investors and companies against gambling their transition plans on CCS. Under the Paris Agreement, nations must limit warming to well below 2C above pre-industrial levels - and pursue efforts to halt warming to 1.5C. However ...

CommBank exits fossil fuels as rivals fund Santos

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
... in the last two years due to its sensible approach to only fund companies aligned with the climate goals of the Paris Agreement." Following the 2016 Paris Agreement until 2020, the bank lent $14.2 billion to coal, oil and gas projects. This included ...

Disorderly transition may spark financial meltdown

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
... stock market cap. The 2008 global financial crisis was sparked by subprime mortgages worth less than US$0.5trn. Paris Agreement signatories are obligated to update their NDCs ahead of the 30th United Nations climate change conference ('COP30') in Brazil ...

Asset managers fast track portfolio targets

ROSE MARY PETRASS  |  FRIDAY, 2 AUG 2024  |  NEWS
... Managers (NZAM) - aims to decarbonise portfolios by 2050 or sooner, to curb warming to 1.5°C in line with the Paris Agreement, an international treaty. In 2023 more than 30 asset managers signed up and over 90 disclosed targets, bringing the total to ...

ACCR cuts ties with Rio Tinto

ROSE MARY PETRASS  |  THURSDAY, 1 AUG 2024  |  NEWS
... public commitment towards an "enhanced" approach to transparent and positive climate advocacy in line with the Paris Agreement. The ACCR has now disengaged over concerns the mining giant lobbied the federal government to remove climate change considerations ...

Olympics flame sparks $10bn pledge to sports equality

ROSE MARY PETRASS  |  MONDAY, 29 JUL 2024  |  NEWS
... particularly within the framework of the Finance in Common movement," Rémy Rioux, AFD director general FiCS chair said. Paris Agreement for Sport and Sustainable Development The Paris Agreement for Sport and Sustainable Development was signed by more ...

SBTi chief Luiz Amaral to step down

ROSE MARY PETRASS  |  THURSDAY, 4 JUL 2024  |  NEWS
... remain focused on our collective efforts to help companies around the world to deliver on the commitments of the Paris Agreement."

First dedicated transition fund for emerging markets

ROSE MARY PETRASS  |  THURSDAY, 20 JUN 2024  |  NEWS
... emerging economies needs to increase six-fold to $1.6 trillion per year by the early 2030s, to reach the goals of the Paris Agreement. Brookfield raised $15 bn for its first transition fund the Brookfield Global Transition Fund (BGTF) in 2022, and $10 ...

Fossil fuel funding down 20pc: study

ROSE MARY PETRASS  |  FRIDAY, 24 MAY 2024  |  NEWS
Financing for fossil fuel companies has fallen sharply overall since the Paris Agreement was inked in 2016 but progress among the world's top banks has been mixed. The world's 60 largest banks, including Australia's Big Four banks, committed US$6.9 ...

Investors fail to vote for climate despite pledges

ROSE MARY PETRASS  |  THURSDAY, 11 APR 2024  |  NEWS
... with 171 focus companies - the largest emitters in the world - on their plans to decarbonise in line with the Paris Agreement. Since CA100+ launched, there has been no change in votes on directors Market Forces has found. This includes for six of the ...