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Chairs of 14 major UK pension funds commit to net zero investment portfolios

Business Green

The chairs of 14 major UK pension firms collectively managing £267.9bn of assets have come together to form a new net zero alliance, pledging to align their investment portfolios with the Paris Agreement's more stretching target of capping global warming at 1.5C.

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How would an energy transition delay affect the trillions spent?

Smart Energy International

Last week Wood Mackenzie released an analysis – A delayed energy transition – on the implications of a five-year delay to the energy transition, both on CAPEX spending across segments as well as on the penetration of global warming. The timing of Wood Mackenzie’s analysis is apt.

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IEA: CO2 from global power generation set to plateau

Business Green

Renewable power sources are expected to dominate almost all the growth in the world's electricity supplies through to 2025, according to the IEA, and together with nuclear power they are set to meet the vast majority of the increase in global power demand over the period.

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Australian insurer Suncorp to ditch coverage for oil and gas projects

Business Green

Australian insurer Suncorp will no longer underwrite any new oil and gas exploration projects with immediate effect, in addition to phasing out all underwriting and financing for such projects altogether by 2025, it announced today. Since the use of these also need to be rapidly phased out in order to limit global warming to 1.5

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AECOM serves up science-based climate action goals

Business Green

Infrastructure and engineering firm's 2025 climate targets validated by Science-Based Targets Initiative. AECOM has announced a set of new short term climate action goals, securing approval from the Science-Based Targets initiative (SBTi) to reduce its emissions in line with limiting average global warming to 1.5C

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Macquarie eyes coal exit by 2024 as bank ramps up green investment plans

Business Green

It forms part of Macquarie's pledge to reach net zero operational emissions by 2025, and to align its financing activity with net zero by 2050, backed by interim and long-term science based emissions reduction targets for its investment and financing portfolio. However, Macquarie still plans to continue to fund oil and gas developments.

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Canadians need to see climate change solutions work

Clean Energy Canada

In a September poll , 60 per cent described the temperatures where they lived as hotter due to climate change, while nearly two-thirds claimed this summer’s wildfires made global warming a more urgent issue for them. These questions, asked only a season ago, already feel dated in the wake of B.C.’s s devastating floods.