Tesla excluded from the S&P 500′s ESG index
Tesla was removed from the S&P 500’s ESG Index as a part of the annual update. Companies like Microsoft, Apple, Amazon, and even Exxon Mobil made it to the list. The S&P 500 ESG Index effectively recommends firms to investors based on environmental, social, and governance (ESG) ranking. The criteria for the listing include: Data […]
Stockholm industrial site turning green
With 12,000 new houses and 35,000 new jobs, the Stockholm Royal Seaport, located at a 10-minute bicycle ride from the city center, is expected to become Sweden’s largest urban development. The City of Stockholm planned to reconstruct the region as part of its urban planning to offer sustainable housing for current and future residents. The […]
US companies conceal their environmental impact
The Securities and Exchange Commission is working on new criteria for corporate environmental disclosure. This could have a big impact on a lot of corporations in the U.S. that currently don’t report anything about their environmental or climatic impact. Certain industries appear to have a higher rate of disclosures. Utilities and personal products had the […]
Key takeaways from the latest IPCC report
The Intergovernmental Panel on Climate Change (IPCC) recently released the second half of its 6th assessment report, based on seven years of peer-reviewed research. The research proved that human activity is to blame for global warming. This second study details how climate change has impacted society and ecosystems, with future repercussions predicted to be more […]
Offset markets must understand their carbon footprint
Global carbon markets transacted around 750 billion euros ($850 billion) last year. Almost all of this occurred in so-called compliance markets, where significant emitters of greenhouse gases are required to purchase permits or credits. Given that global emissions are currently little over 51 billion tons per year, offsets might play a key role in further […]
New Zealand to pay for electric vehicles to reduce emissions
As part of their effort to reduce greenhouse gas emissions, the New Zealand government announced that they are thinking of paying for cleaner hybrid or electric automobiles to assist lower-income families in replacing their outdated gas vehicles with cleaner ones. The strategy is a step toward New Zealand’s commitments under the 2016 Paris Agreement on […]
Greenwashing allegations leveled against Canadian banks
It’s not easy being green for banks in Canada, one of the world’s greatest oil producers. In the last two years, Canadian banks have doubled the amount of sustainability-linked finance (SLF) they provide to oil and gas clients. SLF refers to financing varying in cost when certain environmental, social, and governance (ESG) conditions are met […]
Canadian hydropower destined to hit a roadblock in Maine
Serge Abergel inspected the spinning turbines at the heart of the world’s largest underground power plant. It is a massive facility that converts the water from the La Grande River, in Quebec, Canada into a current of renewable electricity strong enough to power a midsize city, hundreds of feet below a secluded forest near Hudson Bay. Yet […]
Climate policies cause moderate immediate risk to banks
As per Central Bank, the rising CO2 emission rights pricing will have a moderate impact on the credit quality of corporate loans, based on an analysis of how they will affect the banking industry. This also brings notable risks to sectors with higher CO2 emissions, such as transport, manufacturing, and agriculture. According to the Bank […]
A high-level commission to discuss the overshooting of 1.5C
A line-up of former dignitaries and the Climate Overshoot Commission are set to discuss and address sensitive questions on CO2 removal and other climate change actions at a high-powered commission to be launched soon. According to the Intergovernmental Panel on Climate Change (IPCC), 5 billion ton of CO2 must be removed each year by 2050 […]
