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A Quick Look at the Carbon Credits of Today
As the globe works toward a more sustainable and environmentally friendly future, the importance of cutting carbon emissions has become increasingly pressing. A growing number of businesses address this issue by purchasing carbon credits as a strategy to mitigate the impact of their operations on the environment. In recent years, a rising number of prominent…
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In Brief: The Core Carbon Principles
“The Core Carbon Principles” is a joint effort by the Investment Consultants’ Climate and ESG Working Group (ICCEW) and the Institutional Investors Group on Climate Change (IIGCC). In order to assist investors and investment consultants in incorporating climate change considerations into their investment decisions, the report offers a framework of five principles. The report’s first…
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European Regulators Prioritize Climate-Related Transparency in Financial Products
The European Central Bank and the European Supervisory Authorities (ESAs) have unveiled plans to introduce new climate change-related disclosure requirements for structured finance products, according to ESG Today’s news. The move is aimed at enabling investors to better identify climate-related risks in investments. Structured finance products typically include investment products whose returns are linked to…
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Cloud Computing’s Climate Impact: AI’s Role in the Rising Carbon Emissions
Artificial intelligence (AI) has been touted as the tech industry’s latest marvel, with the potential to revolutionize several trillion-dollar industries, ranging from retail to medicine. However, the development of every new chatbot and image generator requires a substantial amount of electricity, which may be responsible for a growing amount of planet-warming carbon emissions, according to…
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China’s Emissions Trading System Faces Challenges as Officials Target Data Fraud and Plan Expansion
Chinese authorities have announced a crackdown on carbon data fraud in an effort to strengthen the nation’s emissions trading system ahead of its expansion, according to Bloomberg’s news. The current system, which encompasses over 2,000 major power plants and covers more emissions than any other trading system globally, has been facing challenges, including low prices,…
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Investment in Low-Carbon Energy Technology Reaches New Heights, Surpassing $1 Trillion Globally
Global investment in the low-carbon energy transition reached a record of $1.1 trillion in 2022, surpassing the previous year and approaching the same level as investments in fossil fuels, according to a report from BloombergNEF (BNEF). This comes as the energy crisis and policy actions drive the faster deployment of clean energy technologies. The “Energy…
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WTO Director-General calls for a global carbon tax and trade reform to meet decarbonization goals
The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, emphasized at the World Economic Forum that the process of decarbonizing global trade and supply chains must be inclusive and not leave behind the countries in the Global South. According to a recent news article from Eco-Business, the Director-General of the World Trade Organization (WTO) has…
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Green hydrogen to fuel sustainable aviation, steelmaking, and shipping: Masdar and Dutch partners announce partnership
Masdar, a UAE-based renewable energy developer, announced that it had signed an agreement with Dutch companies, including Port of Amsterdam, SkyNRG, Evos Amsterdam, and Zenith Energy, to explore the development of a green hydrogen supply chain from Abu Dhabi to Amsterdam. According to ESG Today’s news, the partners will focus on producing green hydrogen in…
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Climate Action Pays Off: Sustainable Projects Attract More Investment Than Fossil Fuels
Climate-friendly projects, for the first time, raised a greater amount of money in the debt market than fossil-fuel companies. But there is a downside. Bloomberg data shows that in 2022 approximately $580 billion was arranged for renewable energy and other environmentally responsible ventures. On the other hand, the oil, gas, and coal industries turned to…