New York City retirement plans have reached an agreement with the Royal Bank of Canada (RBC), CITI, and JPMorgan to disclose the extent of its financing for clean-energy projects compared to fossil fuels. This development is part of a broader trend where financial institutions are providing new climate metrics in their dealings with New York City, signaling a significant step towards transparency in how major banks are supporting the transition to a more sustainable economy. Additionally, there is a growing interest in carbon removal credits, with a policy push expected to significantly increase demand from various sectors including technology, finance, chemicals, and aviation. These credits are aimed at reflecting the engineered removal of carbon dioxide from the atmosphere, offering a market-friendly incentive for companies to invest in carbon removal technologies.
Demand for credits reflecting the engineered removal of carbon dioxide from the atmosphere is expected by some to surge as market-friendly incentives lure buyers from sectors as diverse as technology and finance, chemicals and aviation https://t.co/scSi1iWP7m
Demand for credits reflecting the engineered removal of carbon dioxide from the atmosphere is expected by some to surge as market-friendly incentives lure buyers from sectors as diverse as technology and finance, chemicals and aviation. More here: https://t.co/TjEXX67bxI
Focus: Policy push for carbon removal credits lures finance, aviation https://t.co/7RXLmFE513 https://t.co/fVvFN7wRzJ
⚠️ POLICY PUSH FOR CARBON REMOVAL CREDITS LURES FINANCE, AVIATION Full Story → https://t.co/RgDHTaIlj5 Demand for credits reflecting the engineered removal of carbon dioxide from the atmosphere is expected by some to surge as market-friendly incentives lure buyers from… https://t.co/9z5v4prelN
Opinion | Scot Lehigh: The world needs to know what might work and what won’t to fight the climate crisis. https://t.co/zIIaBn6bI1
Thrilled to see @sevensevensix portfolio co @MastReforestation featured in @nytimes This in-depth article highlights a crucial message: carbon credits are key to scaling reforestation and other forms of carbon removal. 🌲 https://t.co/StMQdbiu9R
As the planet faces “ecological meltdown,” Latin American and Caribbean governments still do not have the capacity to stop environmental crime, @theGEF CEO @cmrodrigueze, the former environment minister of Costa Rica 🇨🇷, said. https://t.co/Ipr9EOe7WP
As tensions rise with Venezuela 🇻🇪 over Essequibo, “our first form of defense is diplomacy,” President Irfaan Ali of Guyana 🇬🇾 said. Still, he added, “we are not naive,” and remain “very watchful.” https://t.co/iKD0gZ4yKA
In Latin America and the Caribbean, “land use and marine conservation are topics of global significance,” President Irfaan Ali of Guyana said. https://t.co/qTb0c395Vz https://t.co/iKD0gZ4yKA
Royal Bank reaches deal with New York City pensions to disclose clean energy funding https://t.co/rQos4DcgAO https://t.co/G9osUNi8Kn
⚠️ GOLDMAN, MORGAN STANLEY MUST FACE INVESTORS' LAWSUIT OVER ARCHEGOS COLLAPSE Full Story → https://t.co/pD7gJTi4Lt https://t.co/t5yDfb0yyh
There are geo-engineering and carbon removal pilot programs that are based on plausible science but need a publicly funded research to evaluate downsides and establish metrics for their use — can't have a carbon removal market without standards. https://t.co/wIDDZkO9e0
This is a very long winded piece of sponcon trying to rehabilitate the image of carbon offset credits https://t.co/5UgA5CzvuY
Latin America’s biggest potential contribution to the fight against climate change? Preserving its trees. “There’s a huge amount of carbon stored in these forests,” @GrahamWatkins, Climate Chief at @The_IDB/@El_BID, explained. https://t.co/aYlfe15zJI
Renewable energy protects are increasingly popular in Latin America, but the region’s biggest source of carbon emissions is deforestation, @CF_Jaramillo of @BancoMundialLAC @WorldBank explained. https://t.co/eNWlHY6jHM https://t.co/aYlfe167zg
There’s a growing trend of corporate investment in blue carbon projects. Discover why these coastal ecosystems are gaining momentum as a cost-effective, long-term sustainability solution: https://t.co/A2ICYf6Xq6 #Pachama #BlueCarbon https://t.co/bH73TaYR4W
“As the scale and urgency of the climate crisis has crystallized, ‘people have woken up and are looking to see if there’s any miraculous deus ex machina that can help’” @algore https://t.co/18Il8YWEoN
The climate space is full of known-unknowns around geoengineering, carbon removal, fusion power, and other maybe-useful technologies that deserve a larger share of the funding pie. https://t.co/wIDDZkO9e0
In a letter to a St Gallen court seen by the FT, the country's financial regulator, Finma, warned that releasing the documents would help foreign investors build their cases against Switzerland. https://t.co/8bq4dgUX5J https://t.co/ioJGxn0mIs
Swiss Regulator Seeks To Block Litigating Investors From Accessing Credit Suisse AT1 Files - @FT https://t.co/gFTLs6I9RH
⚠️ CITI, JPMORGAN, RBC TO GIVE NEW CLIMATE METRIC IN DEALS WITH NEW YORK CITY Full Story → https://t.co/BLkkLRgKEx https://t.co/7bIct900IS
New York City retirement plans reached an agreement with Royal Bank of Canada for the lender to disclose how much financing it provides for clean-energy projects relative to fossil fuels. https://t.co/xokJcWoAtP
Solar geoengineering and other speculative technologies appeal to those who repudiate the need for rapid, transformative societal change to combat global warming, observe @YacobMulugetta, @DeanBhebhe, and Niclas Hällström. https://t.co/n9jtP6wzuv