A new initiative launched in Paris this week demonstrates the growing recognition that action by financial institutions – both public and private – is necessary to begin shifting trillions of dollars toward low-carbon development.
The companies represent $932 billion in revenue and 476 million tonnes of annual greenhouse gas emissions. Their commitment to align their emissions-reduction goals with what the latest climate science says is necessary to limit warming to 2 degrees C will make a huge impact.
A new report shows how civil society groups can track the flow of adaptation funds and ensure money is used productively.
Just 10 years ago, many corporate executives wouldn’t even say the words “climate change.” Now, hundreds are taking action by setting internal prices on carbon, adopting science-based emissions targets and signing climate action pledges.
There has never been a better time to ask: what are you doing to price carbon?
Hundreds of companies are now pricing carbon, and hundreds more expect to in the next couple years. An internal price on carbon is emerging as a useful tool for integrating climate change considerations—specifically the value of reducing carbon dioxide and other greenhouse gases (GHGs)—in business decisions.
A new ...
As of this Monday, 174 countries had submitted their national climate plans to the UN, in preparation for the Paris climate summit that begins next week. These “Intended Nationally Determined Contributions” (INDCs) show countries are stepping up to take collective action to address climate change. Governments have set out a variety of different approaches, including specifying absolute emissions-reduction targets, setting economy-wide emissions intensity goals, outlining efforts to adapt to the impacts of climate change, and detailing specific actions they plan to take in a range of...
WRI President and CEO Andrew Steer answers the question: Is it possible to enjoy rising levels of prosperity and also enjoy clean air, pure water, green spaces and uncongested, livable cities?
A new report lays out clear recommendations for how the Chinese government can put the right policies in place to shift investments from polluting to sustainable industries.
Climate change is a risk that, while significant, is oftentimes misunderstood by the financial community. The new Carbon Asset Risk Discussion Framework aims to help financial institutions identify and understand climate-related risks to their portfolios.
China will need investments in the order of $330 billion (RMB 2 trillion) a year from 2015-2030 to overcome its environmental challenges. Tapping the private sector can help scale up the country's green finance.