global warming


Oil majors are gushing cash again

Oil majors are gushing cash again

(ATF) What a difference a year makes.A year after the pandemic began to hammer the price oil - and the viability of oil companies - major producers appear to have pulled out of the gloom. After a string of losses, ExxonMobil and Chevron on Friday both reported a return to …

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China to promote its green finance market to foreign investors

China to promote its green finance market to foreign investors

(ATF) China will make it easier for foreign investors to access China’s green finance market amid other financial measures to help achieve the country's carbon neutral goal by 2060, central bank governor Yi Gang told the Boao Forum on Tuesday. China will require financial institutions to transition towards green finance …

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Investors call on banks to set tougher emissions standards

Investors call on banks to set tougher emissions standards

(ATF) Investors managing $11 trillion in assets have called on banks to set tougher emissions targets ahead of a meeting of world leaders aimed at accelerating efforts to fight climate change.The group, which includes Pimco, the world's biggest bond investor, and Legal & General Investment Management, the UK's biggest asset …

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Why sovereign investors have power to influence govt climate action

Why sovereign investors have power to influence govt climate action

(ATF) In the shadow of equity markets, the integration of environmental, social and governance (ESG) factors in sovereign markets is in its embryonic phase.For a start, because sovereign debt is traditionally considered a risk-free asset class, the importance of ESG integration has been underestimated, at least in developed markets. It …

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China set to launch the world’s largest emissions trading market

China set to launch the world’s largest emissions trading market by June

(ATF) China is readying its long-awaited national carbon emissions trading scheme (ETS) for the first transaction by the end of June, creating what is expected to be “the world’s largest” carbon trading market worth 150 billion yuan ($22.8 billion).The world’s largest source of greenhouse gas emissions is using the national …

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Climate change poses challenge to financial stability, PBoC warns

Climate change poses challenge to financial stability: PBoC

(ATF) China’s central bank governor has warned that climate change poses new challenges to financial stability and monetary policy, and that risks must be assessed and tackled in a timely manner in order for the world’s second largest economy to fulfill its pledge to be carbon-neutral by 2060.The massive amount …

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Doubts remain over India’s possible carbon neutral 2050 goal

Doubts remain over India’s possible carbon neutral 2050 goal

(ATF) India may be about to bite off more than it can chew in its climate change ambitions. New Delhi is considering making a pledge to become carbon neutral by 2050, or even three years earlier, to mark its 100-year independence from British rule.Officials close to India’s Prime Minister Narendra …

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Bezos will spend $10bn in 9 years on climate

Bezos will spend $10bn in 9 years on climate

(ATF) Billionaire Amazon boss Jeff Bezos will spend $10 billion in the next nine years to help fight global warming.The businessman’s Earth Fund, set up earlier this year with $10 billion from his own pocket, plans to invest the money in companies geared towards fighting climate change by 2030, according …

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China economic blueprint signals more coal investment

China economic blueprint signals more coal investment

(ATF) UN Secretary General Antonio Guterres called last week for all countries to cancel planned coal projects, saying the world must end its deadly addiction to carbon. Phasing out coal from the electricity sector, he said, was the single most important step to tackle the climate crisis. "I am calling …

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China to launch national emissions trading scheme in mid-2021

China to launch national emissions trading in mid-2021 

(ATF) China is set to launch a long-awaited national carbon emissions trading scheme (ETS) online by the end of June this year, in a bid to speed up the nation’s efforts to curb pollution and help become carbon-neutral by 2060.During a visit to Hubei province and Shanghai city, Huang Runqiu, …

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