Taiwan is being excluded from international climate agreements – against its will Opinion As world leaders and delegates gather this month in Baku, Azerbaijan, for Cop29 to address the global threat of climate change, Taiwan – with its proactive net-zero policies, invaluable climate adaptation experience and demonstrated commitment to climate action – remains excluded from participating in the United Nations Framework Convention on Climate Change (UNFCCC) for political [...]
Meet Maimunah Sharif: The Financial World’s Catalyst joining Private Finance and Public Projects to change Climate Action at COP28 and Beyond Impact A.M. COP28 As the curtains closed on World Cities Day and the stage set for COP28, one figure stands at the intersection of urban development and climate change – Maimunah Mohd Sharif. The Executive Director of UN-Habitat has not only shaped the discourse at these crucial forums but also emerged as a pivotal influence in driving the [...]
COP28: Net zero may need City to mobilise ‘trillions of pounds’, Rishi Sunak says UK Politics Transitioning to net zero won’t happen “without mobilising hundreds of billions, if not trillions of pounds” of public and private investment, Rishi Sunak said on route to COP28.
What is COP28 and why does it matter? November 29, 2023 The COP28 climate convention is unlikely to be far from the headlines over the next fortnight. City A.M. has broken down everything you need to know ahead of time.
Government ‘mixed messages’ put financial sector green progress at risk, MPs warn November 29, 2023 The financial sector’s progress towards net zero risks stalling due to “mixed messages” from the government on green issues, a group of MPs have warned.
COP out: Government pushes back coal mine decision until after climate summit November 2, 2022 The Government has pushed back a decision on whether to go ahead with a new coal mine Cumbria for the third time this year.
UK’s audit watchdog says it ‘strongly supports’ global ESG reporting standards June 27, 2022 The UK’s audit watchdog has said it “strongly supports” the development of high-quality, global standards for reporting on climate and sustainability data. The UK’s Financial Reporting Council (FRC) said it backs plans put forward by the International Sustainability Standard Board’s (ISSB’s) for new worldwide ESG reporting rules. The comments come after the International Financial Reporting [...]
HSBC pushes further into Saudi Arabia: Canary Wharf approves $10bn loan so mass polluter Saudi Aramco can expand January 27, 2022 HSBC is in line to finance a $10bn revolving credit facility to one of the world’s biggest polluters, the Saudi Arabian Oil Company, or Saudi Aramco, despite the bank’s commitment to ‘Net Zero emissions by 2050’. HSBC’s latest venture in the Middle Eastern kingdom, in partnership with Standard Chartered, is likely to draw scrutiny from [...]
Exclusive: Most investors could not care less about ESG and sustainability January 20, 2022 With COP26 a few months behind us, more than half of UK investors admit sustainable investing is not a priority for them, with just under 45 per cent saying it is important and it is a priority in their investment portfolio. In fact, less than a third of British investors say COP26 and the UK [...]
Government could save UK industries from higher carbon costs this winter January 4, 2022 The government could cut the amount carbon-intensive industries pay amount pay for each tonne of carbon they emit into the atmosphere.