Key Impact Points: Climate Week NYC Overview Climate Week NYC, held alongside the UN General Assembly, gathered thousands from public and private sectors for over 900 events from September 22-29, 2024. The discussions spanned ten themes, setting the stage for upcoming COP16 and COP29 conferences. Urgent Need for Climate Financing
Key Impact Points: Introduction to the Climate Center of Excellence S&P Global has established the Climate Center of Excellence within its Sustainable1 division, uniting top scientists and strategists to advance climate, environmental, and nature research. Mission and Objectives The center’s mission is clear: Dr. Terence Thompson, Chief Science Officer, emphasized,
By: Charles Benisch, Senior Director of Renewable Advisory at ENGIE Impact Renewable energy assets are surging across the globe at record rates bolstered by emissions reduction commitments and historic growth in energy demand. At this crucial crossroads of energy growth and climate change mitigation efforts, corporations across all industries must assess and prioritize renewable energy strategies. Businesses that adopt actionable, comprehensive renewable energy plans can make measurable
The sixteenth session of the Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification (UNCCD) is set to take place in Riyadh, Saudi Arabia from 2 to 13 December 2024. This pivotal event marks a critical milestone in the global fight against land degradation and desertification.
Key Impact Points: Canada’s Commitment to Net-Zero The Canadian federal government is advancing a bold climate strategy to achieve net-zero emissions by 2050, requiring annual investments of $125 billion to $140 billion. A key component of this plan is a $93 billion suite of economic tax credits designed to attract
Key Impact Points: Catastrophic Loss of Species Human activity is driving a “catastrophic” decline in wildlife, according to the World Wide Fund for Nature (WWF). The latest Living Planet Report reveals that global wildlife populations have decreased by an average of 73% in the last 50 years. Tanya Steele, head
Key Impact Points: Understanding Desertification and Its Importance Desertification is the process where drylands become increasingly arid, driven by climate change, deforestation, overgrazing, and unsustainable agricultural practices. This degradation leads to loss of productive soil, biodiversity, and water resources, significantly impacting human life. The Global Scope of Desertification The United
Key Impact Points: NZBA and MUFG’s Strategic Role The NZBA, initiated by the United Nations Environment Programme Finance Initiative in April 2021, now encompasses 145 banks globally committed to aligning their financing to support a 1.5°C global temperature goal. MUFG, a pivotal member of the NZBA’s Steering Group and a
Key Impact Points: IFC, a member of the World Bank Group, in collaboration with HSBC Asset Management (HSBC AM), announced the creation of a specialized fund vehicle aimed at enhancing sustainability in the emerging market (EM) corporate bond sector. This initiative will support issuers that make significant contributions to sustainable
Key Takeaways The Rising Importance of Location-Specific Data During Climate Week NYC, MSCI hosted a crucial discussion on the low-carbon transition, emphasizing the growing relevance of location-specific data in climate risk assessment. Leaders from capital markets highlighted the “new mantra in assessing climate risk” involves a deeper focus on the
