Only 1 in 10 Companies Committed to 100% Renewable Energy Sourcing: CDP Report
Global Companies Lag in Renewable Energy Adoption, CDP Report Finds Nearly half of major companies use no renewable electricity. Only 1 in 10 companies have committed to 100% renewable energy sourcing. Less than 5% have set energy efficiency targets. A new report from non-profit CDP reveals that major global companies are falling short in their […]
Singapore Joins EU and China in Expanded Green Financing Taxonomy
Enhanced Interoperability: Singapore, the EU, and China unveil the Multi-Jurisdiction Common Ground Taxonomy (M-CGT), boosting cross-border green financing. Broader Green Activity Coverage: M-CGT now includes 110 economic activities across eight sectors, up from 72 activities in the previous taxonomy. Facilitating Green Capital Flows: The M-CGT aims to reduce fragmentation and lower costs, benefiting investors and […]
IDB to Invest $11.3 Billion in Annual Climate Finance by 2030
Scaling Up Climate Action: IDB and IDB Invest aim to deliver $11.3 billion annually in climate finance by 2030. Mobilizing Additional Funds: An extra $6.6 billion is expected to be mobilized through private capital. Commitment to Adaptation: $25 billion dedicated to climate adaptation from 2024 to 2030, representing 50% of total climate finance. The Inter-American […]
JPMorgan Discloses $1.29 in Green Energy Financing for Every Dollar in High-Carbon Energy
Green Financing Ratio Revealed: JPMorgan provided $1.29 to green energy for every $1 backing high-carbon energy in 2023. Investor Pressure Leads to Transparency: Disclosure follows engagement with NYC Comptroller Brad Lander amid increasing investor demands. Ambitious Sustainability Goals: Aims to finance $2.5 trillion in sustainable development by 2030, with $1 trillion focused on climate solutions. […]
Microsoft and RBC Purchase 10,000 Carbon Removal Credits from Deep Sky
Groundbreaking Partnership: Microsoft and Royal Bank of Canada (RBC) purchase 10,000 carbon removal credits from Deep Sky, boosting the development of Direct Air Capture (DAC) technologies. Innovation Hub: Deep Sky Labs, the world’s first carbon removal innovation center in Canada, will host eight DAC technologies to accelerate the scalability and efficiency of carbon capture. Economic […]
