COP29 Finalizes Article 6 of the Paris Agreement, Unlocking International Carbon Markets
$250 Billion Annual Savings: The operationalization of Article 6 enables trusted carbon markets, reducing the cost of implementing national climate plans (NDCs) by up to $250 billion annually. Catalyst for Climate Ambition: Parties are encouraged to reinvest these savings to enhance their next NDCs, pivotal for keeping the 1.5-degree target within reach. Breakthrough in Multilateral […]
5 Key COP29 Takeaways: Progress, Challenges, and What Lies Ahead
COP29, held in Baku, Azerbaijan, concluded after intense negotiations. While the summit delivered key agreements, divisions and frustrations underscored the challenges of addressing the global climate crisis. Here’s a comprehensive look at the most critical takeaways and what they mean for the path forward. COP29, held in Baku, Azerbaijan, concluded with several key decisions impacting […]
HSBC, Cathay Pacific, and EcoCeres Unite for Hong Kong’s Largest SAF Initiative
Major SAF Purchase: HSBC Hong Kong commits to a one-time purchase of 3,400 metric tonnes of SAF from EcoCeres, reducing lifecycle carbon emissions by 11,800 metric tonnes. Decarbonization Leadership: The partnership supports Hong Kong’s aspiration as a regional SAF hub, aligning with government policies and corporate net-zero ambitions. EcoCeres Innovation: SAF derived from waste-based biomass […]
ESG News: Week In Review – 18 November – 24 November
Welcome back to the ESG News Week In Review! To get ESG News’s full ‘ESG News Week In Review’ and ESG News Daily email newsletter, subscribe here. Follow ESG News on LinkedIn ESG NEWS SMART READ OF THE WEEK Tim Mohin: COP29 Negotiations Go Down to the Wire It wouldn’t be a climate COP without negotiations going down to […]
Tim Mohin: COP 29 Negotiations Go Down to the Wire
It wouldn’t be a climate COP without negotiations going down to the wire. This year’s talks will likely go into the wee hours of tomorrow morning as delegates try to push through an agreement. The talks are particularly tough as delegates try to increase climate funding for developing nations 10 fold – from $100 billion […]
