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Despite improved climate-related disclosures, just 36% of companies reference climate impacts in financial statements

2024 EY Report Highlights Slow Progress in Corporate Climate Action Despite Disclosure Improvements

noviembre 15, 2024 No hay comentarios

Key Impact Points: Companies Falling Short on Climate Action The 2024 EY Global Climate Action Barometer reveals that while climate-related disclosures are improving, they fall short of the pace needed to combat the climate crisis. Despite increased coverage (94%) and improved quality (54%) of disclosures, only 41% of large companies

Why Businesses Need Climate Transition Plans Now More Than Ever

noviembre 15, 2024 No hay comentarios

Key Impact Points: The Importance of Climate Transition Plans Climate transition plans (CTAPs) are becoming a crucial part of corporate sustainability efforts. By 2025, European regulations will require companies to disclose their CTAPs or justify why they don’t have one. This shift represents a significant push towards transparency and accountability

COP29: What’s at Stake Now

noviembre 12, 2024 No hay comentarios

Key Impact Points: COP29 Kicks Off Amid Global Tensions The 2024 UN climate summit, COP29, has begun in Baku, Azerbaijan, drawing over 32,000 participants from 198 countries. This summit, branded the “finance COP,” aims to secure greater funding for climate action and emissions reduction, especially for lower-income countries. Yet, controversy

COP29 Glossary: Key Climate Terms Explained

noviembre 12, 2024 No hay comentarios

3 Key Impact Points: Understanding COP29’s Climate Jargon With climate negotiations becoming more complex each year, COP29 in Baku is set to tackle a broad range of terms integral to global discussions. Here’s what to know: UNFCCC and COP UNFCCC stands for the United Nations Framework Convention on Climate Change.

5 Important Climate Questions for the Next US Administration

noviembre 8, 2024 No hay comentarios

Key Impact Points: 1. Will the Inflation Reduction Act Face Modifications? A critical question for the upcoming administration is the future of the Inflation Reduction Act (IRA). Trump has indicated plans to cut or scale back funding for the IRA, which currently supports renewable energy projects and investments. This could

COP29: Global Solar Capacity Reaches 2 TW Milestone, On Path to Climate Goal

noviembre 7, 2024 No hay comentarios

Record-Breaking Solar Capacity Global solar capacity has reached a historic 2 terawatts (TW), according to exclusive data from the Global Solar Council shared with Reuters. This figure represents a surge in solar power deployment, with the last two years alone contributing more capacity than the previous 68 years combined. Comprehensive

Meet Chonkus: The CO2-Absorbing Algae That Sinks Naturally To The Ocean Floor

noviembre 7, 2024 No hay comentarios

The Discovery of Chonkus An international research team, led by Max Schubert, Ph.D., and Braden Tierney, Ph.D., from Harvard, discovered a remarkable type of algae in the CO2-rich waters near Vulcano, Italy. Named “Chonkus,” this round and heavy algae was found to thrive in carbon-abundant environments. Field Observations and Lab

Power Shift at Schneider Electric: New CEO to Amp Up Sustainable IT, Data Centers, and Energy Transition

noviembre 5, 2024 No hay comentarios

Key Impact Points: Strategic Shift in Leadership to Drive Sustainable Focus Schneider Electric’s board has appointed Olivier Blum as the new CEO, replacing Peter Herweck in a surprise move. The change reflects the board’s desire for rapid progress in sustainable IT, AI readiness, and data center expansion. “The Board of

COP 29 to Launch New $100 Billion Per Year Climate Finance Goal for Developing Nations

noviembre 4, 2024 No hay comentarios

Key Points: As global leaders convene for the 29th Conference of the Parties (COP 29) in Baku, the spotlight will be on setting a transformative New Collective Quantified Goal (NCQG) for climate finance. This new commitment, starting at a floor of $100 billion per year, aims to empower developing countries

Lloyd’s and United Nations Capital Development Fund (UNCDF) Launch Disaster Resilience Vehicle for Pacific Island Nations

octubre 31, 2024 No hay comentarios

Key Impact Points: Enhancing Resilience for Climate-Vulnerable Communities In a first-of-its-kind move, Lloyd’s has joined forces with the United Nations Capital Development Fund (UNCDF) to introduce a disaster resilience vehicle aimed at delivering critical disaster risk financing to Pacific island nations. This groundbreaking initiative will initially provide protection for communities