Glasgow Climate Pact

World-leading economists convened by COP 28 set out crucial next steps to reform international climate finance

Retrieved on: 
Wednesday, August 16, 2023

Agreement on the roadmap at COP28 will allow leaders across the public, private and third sectors to drive forward a clear plan of action on international climate finance.

Key Points: 
  • Agreement on the roadmap at COP28 will allow leaders across the public, private and third sectors to drive forward a clear plan of action on international climate finance.
  • Following the meeting, he commented: "For too long, climate finance has divided the international community and held back progress in tackling climate change and supporting countries most impacted by it.
  • But climate finance is the issue that lies at the core of the COP28 agenda because finance is how we transform goals into reality.
  • The IHLEG meetings in Abu Dhabi were attended by a host of cross-sector senior leaders and actors in international climate finance including:
    H.H.

COP28 UAE Presidency to convene world-leading economists in the UAE to drive progress on the reform of international finance

Retrieved on: 
Monday, August 14, 2023

The COP28 Presidency will convene the Independent High-Level Expert Group (IHLEG) in the UAE to drive progress on steps to reform international finance ahead of COP28.

Key Points: 
  • The COP28 Presidency will convene the Independent High-Level Expert Group (IHLEG) in the UAE to drive progress on steps to reform international finance ahead of COP28.
  • The meeting will bring together world-leading economists to define success for COP28, COP29 and COP30, and ensure leaders are ready to hit the ground running on financial reform at COP28.
  • ABU DHABI, UAE, Aug. 14, 2023 /PRNewswire/ -- The COP28 Presidency has announced that it will convene the Independent High-Level Expert Group (IHLEG) on Climate Finance in the UAE this week to drive progress on steps to reform international finance ahead of COP28.
  • The discussions are designed to prepare the ground for COP28 and ensure that the two-week summit delivers tangible action on reform of international finance.

JCB announces the latest status of carbon neutrality

Retrieved on: 
Thursday, June 1, 2023

TOKYO, June 1, 2023 - (JCN Newswire) - JCB Co., Ltd., Japan's only international payment brand, is accelerating its efforts to achieve carbon neutrality to contribute to the development of a sustainable society.

Key Points: 
  • TOKYO, June 1, 2023 - (JCN Newswire) - JCB Co., Ltd., Japan's only international payment brand, is accelerating its efforts to achieve carbon neutrality to contribute to the development of a sustainable society.
  • Head Office (Tokyo); JCB International (Europe) Ltd.
    Plantation (photographed in July 2022); P.T.
  • JCB International Indonesia employees visiting
    In response to the Paris Agreement on Climate Change[1] adopted in December 2015 and the subsequent international momentum towards carbon neutrality, JCB aims to reduce its own GHG emissions on a global basis by switching to CO2-free electricity and implementing energy-saving measures in our offices around the world.
  • Last year, JCB set the following targets, which are in line with the pace of emissions reduction of the Glasgow Climate Pact[2].

United Renewables CEO Challenges Asset Managers: Climate Targets or Client Funds?

Retrieved on: 
Tuesday, June 20, 2023

DOUGLAS, Isle of Man, June 20, 2023 (GLOBE NEWSWIRE) -- Asset managers are facing a choice: align their investments with climate targets or risk losing client funds.

Key Points: 
  • DOUGLAS, Isle of Man, June 20, 2023 (GLOBE NEWSWIRE) -- Asset managers are facing a choice: align their investments with climate targets or risk losing client funds.
  • In the wake of the Glasgow Climate Pact, asset managers are under pressure to align their investments with net-zero emissions targets.
  • “Asset managers have a responsibility to their clients to protect their investments,” said Chris Caldwell, CEO of United Renewables.
  • Conversations on Climate is a joint production of United Renewables and the London Business School Alumni Energy Club.

COP28 PRESIDENCY HIGHLIGHTS NEED FOR ENHANCED YOUTH INCLUSION AT SB58 'YOUTH STOCKTAKE' SIDE EVENT, ANNOUNCES COHORT OF 100 INTERNATIONAL YOUTH CLIMATE DELEGATES

Retrieved on: 
Thursday, June 8, 2023

The COP28 Presidency and the Youth Climate Champion are committed to supporting and enabling greater access for youth especially from underrepresented communities through key initiatives such as the International Youth Climate Delegates Program."

Key Points: 
  • The COP28 Presidency and the Youth Climate Champion are committed to supporting and enabling greater access for youth especially from underrepresented communities through key initiatives such as the International Youth Climate Delegates Program."
  • The COP28 International Youth Climate Delegate Program recognizes that youth have a pivotal role to play in the success of COP28 and climate progress," said COP28 Youth Climate Champion Al Mazrui.
  • The COP28 Presidency have also selected the first International Youth Climate Delegate Program (International YCDP) cohort of 100 youth delegates, representing the world's least-developed countries, small island developing states, Indigenous Peoples, and minority groups.
  • Six youth delegates from the International YCDP and three from the UAE Youth Climate Delegate Program participated in the SB58 as party observers.

COP28 PRESIDENCY HIGHLIGHTS NEED FOR ENHANCED YOUTH INCLUSION AT SB58 'YOUTH STOCKTAKE' SIDE EVENT, ANNOUNCES COHORT OF 100 INTERNATIONAL YOUTH CLIMATE DELEGATES

Retrieved on: 
Thursday, June 8, 2023

The COP28 Presidency and the Youth Climate Champion are committed to supporting and enabling greater access for youth especially from underrepresented communities through key initiatives such as the International Youth Climate Delegates Program."

Key Points: 
  • The COP28 Presidency and the Youth Climate Champion are committed to supporting and enabling greater access for youth especially from underrepresented communities through key initiatives such as the International Youth Climate Delegates Program."
  • The COP28 International Youth Climate Delegate Program recognizes that youth have a pivotal role to play in the success of COP28 and climate progress," said COP28 Youth Climate Champion Al Mazrui.
  • The COP28 Presidency have also selected the first International Youth Climate Delegate Program (International YCDP) cohort of 100 youth delegates, representing the world's least-developed countries, small island developing states, Indigenous Peoples, and minority groups.
  • Six youth delegates from the International YCDP and three from the UAE Youth Climate Delegate Program participated in the SB58 as party observers.

Sir Alok Sharma Joins The Rockefeller Foundation to Advance Global Development and Climate Action Goals

Retrieved on: 
Monday, May 22, 2023

In this role, he will support The Rockefeller Foundation's efforts to unlock greater and more effective financing to help advance global development and climate action goals.

Key Points: 
  • In this role, he will support The Rockefeller Foundation's efforts to unlock greater and more effective financing to help advance global development and climate action goals.
  • In 2021 as COP26 President, Sir Alok led the UK's work in bringing nearly 200 countries together to commit to take action on climate change.
  • At the launch, Sir Alok said : "I am delighted that the Global Energy Alliance for People and Planet is launching at COP26.
  • Sir Alok will undertake this new role on an unpaid basis alongside his work as a UK Member of Parliament for Reading West.

Minister Guilbeault and Germany's Jennifer Morgan confirm contributors are on track to meet US$100 billion international climate finance goal ahead of COP28

Retrieved on: 
Thursday, May 4, 2023

Canada released the Climate Finance Delivery Plan with Germany in September 2021, ahead of the United Nations Climate Change Conference, COP26.

Key Points: 
  • Canada released the Climate Finance Delivery Plan with Germany in September 2021, ahead of the United Nations Climate Change Conference, COP26.
  • The US$100 billion climate finance goal was one of the key commitments that was reaffirmed at the conference.
  • "Over the past year, Jennifer Morgan and I have been leading the work to ensure developed countries live up to our climate finance commitments.
  • Enhancing the delivery of climate finance from Multilateral Development Banks to increase and improve climate finance.

Rio Tinto engages with investor and civil society organisations on enhanced advocacy approach

Retrieved on: 
Wednesday, April 5, 2023

In the lead up to its Annual General Meetings, Rio Tinto is engaging with investor and civil society organisations on an enhanced approach to advocacy to support the decarbonisation of its operations, in line with the goals of the Paris Agreement.

Key Points: 
  • In the lead up to its Annual General Meetings, Rio Tinto is engaging with investor and civil society organisations on an enhanced approach to advocacy to support the decarbonisation of its operations, in line with the goals of the Paris Agreement.
  • Rio Tinto will engage with the Australasian Centre for Corporate Responsibility during the development of these briefing papers, particularly on the detail included on the identified policy-settings.
  • Summary of Rio Tinto’s positions on climate change policy:
    We agree with the mainstream climate science published by the Intergovernmental Panel on Climate Change.
  • Business has a vital role in addressing and managing the risks and uncertainties of climate change and driving emissions to net zero.