Governments continue to increase focus on the potential for green growth, as the UK launches a £960 million investment programme. Meanwhile, insurance is going to play a central role in the effective transition to a nature-positive net zero economy, as no projects (and no fossil fuel exploitation) will occur without the appropriate insurance. The EU is currently under fire for failing to make transition plans mandatory for insurers under forthcoming Solvency II regulations, while Lloyds has taken a step forward with the launch of a consultation on the transition.
The crisis engulfing Europe’s wind industry is proving to be a wake-up call: things have to change radically to make progress on what’s a key part of the climate transition.
A new report by Ivey Business School found that a new paradigm of corporate greenwashing has emerged, thanks to the increasing influence of investors, pressure to align with long-term climate goals and multi-stakeholder liability in corporate claims.
South Africa may be able to raise as much as 1.13 trillion rand ($60 billion) over the next five years to fund a switch to green energy from fossil fuels, its environment minister said.
Investment in the world’s electricity grids must double to more than $600 billion a year if nations are going to meet their climate targets and maintain energy security.
The Transition Plan Taskforce (TPT) has launched what it calls the ‘gold standard’ framework for companies and financial institutions to effectively tackle climate change.
Effective climate transition planning, a vital tool in this journey, remains underutilised in the business world. Stuart Lemmon, chief executive at EcoAct, explores the concept, challenges, and potential benefits of climate transition and how companies can implement it into their business plans.
