By Matt Price, Corporate Knights OPINION: The safety and soundness of Canada’s financial system needs its regulator to take climate impacts more seriously. There’s an old joke about a chemist, a physicist and an economist trapped on an island with just one unopened can of food. The chemist suggests putting …
Cop28: Second Draft Text of Climate Deal Calls for ‘Transitioning Away’ from Fossil Fuels
By Adam Morton, The Guardian Latest draft does not include a commitment to phase out or phase down fossil fuels, as many countries, civil society groups and scientists have urged. A new draft climate agreement released at the Cop28 climate summit in the United Arab Emirates has for the first time explicitly …
First Roadmap for Financiers Implementing a ‘Just Transition’ Launched at COP28
By Sustainable Brands The new guidance will support the global financial sector in embedding just-transition practices in their operations to ensure a climate transition that leaves no one behind. Sunday at COP28 in Dubai, UNEP FI and the International Labor Organisation (ILO) released Just Transition Finance: Pathways for Banking and Insurance — the first roadmap for the financial sector …
Climate Finance Takes Center Stage at COP28 Climate Talks
By Simon Jessop, Maha El Dahan, and Hadeel Al Sayegh, Reuters DUBAI, Dec 4 (Reuters) – Money pledges grabbed the spotlight again at COP28 in Dubai on Monday as delegates turned their focus to the yawning gap in the need for climate finance and what’s on offer. The United Arab Emirates, the …
New Carbon Accounting Alliance Seeks Industry Standardization, Regulation to Support Net-Zero Transition
Sustainable Brands The launch includes a call to action for organizations worldwide to use the tools of carbon accounting to drive transition plans and direct emission reductions. Climate-action solutions providers Planet Mark and ClimatePartner have joined forces to launch the Carbon Accounting Alliance (CAA) — to enable greater oversight and professionalization of carbon accounting, to accelerate …
The Great Carbon Divide
By Jonathan Watts, The Guardian We are not equally to blame for rising temperatures, and recognising that is an important step in identifying possible solutions The climate chasm between the world’s carbon-guzzling rich and the heat-vulnerable poor forms a symbolic shape when plotted on a graph. Climate-heating greenhouse gas emissions …
World Stands on Frontline of Disaster at Cop28, says UN Climate Chief
By Fiona Harvey, The Guardian Exclusive: Simon Stiell says leaders must ‘stop dawdling’ and act before crucial summit in Dubai World leaders must “stop dawdling and start doing” on carbon emission cuts, as rapidly rising temperatures this year have put everyone on the frontline of disaster, the UN’s top climate …
Brazil to Propose Mega Fund to Conserve Forests at COP28 Climate Summit
By Jake Spring and Lisandra Paraguassu, Reuters SAO PAULO, Nov 23 (Reuters) – Brazil plans to propose a “huge” fund to pay for the conservation of tropical forests at the United Nations COP28 climate change summit that begins later this month in Dubai, the country’s top climate negotiator said on …
Anti Black-Friday Movement Continues to Promote Repair, Reuse Over Rampant Consumption
By Sustainable Brands In recent years, we’ve seen a growing “anti Black-Friday” movement by retailers and consumers that counters the shop-till-you-drop mentality, not to mention the environmental impacts and product waste, characteristic of Black Friday — a frenzy of deep discounts, limited-time offers and last-ditch efforts urging you to “save” by spending more …
Preparing for the CSRD’s Impact on US Companies
By Katie Secrist, Sustainable Brands Like many recent rulings coming out of the EU, the CSRD is designed to drive the rest of the global economy — including around 3,000 US companies — towards meaningful action and ESG disclosure. Big changes are coming to corporate sustainability reporting in the European Union and …