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☆ Lessons from COP: Charting a path for climate action
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLessons from COP: Charting a path for climate actionCNBC's Dan Murphy speaks to Badr Jafar, the CEO of Crescent Petroleum, Daniel F. Feldman, partner at Covington, and Rachel Kyte, founding co-chair at The Voluntary Carbon Markets Integrity Initiative.

Persons: Dan Murphy, Badr Jafar, Daniel F, Feldman, Rachel Kyte Organizations: Crescent Petroleum, Covington, Initiative

☆ Will leaders stay focused on the green agenda? Watch CNBC’s Sustainable Future Forum from Davos 2024
▼ + stars: | 2024-01-25 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

CNBC's "Sustainable Future Forum" returned as a special event live from the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland. CNBC convened top policymakers and business leaders to evaluate the outcomes of COP28 and examine what needs to happen in 2024 to ensure pledges are upheld, and progress is made. This panel examines what needs to happen to stay on course. watch nowNavigating the Energy TransitionCOP28 climate summit reached a historic deal to transition away from fossil fuels but did the agreement go far enough? Guests on the panel included: Marco Alvera, CEO, TES Vaishali Sinha, co-founder, ReNew Alfred Stern, CEO, OMV Bold Baatar, CEO, Rio Tinto Copper Henrik Andersen, CEO, Vestas

Persons: Badr Jafar, Daniel F, Feldman, John Kerry, Biden Rachel Kyte, Sanda Ojiambo, Tania Bryer, Kofi Annan, Marco Alvera, TES Vaishali Sinha, Alfred Stern, OMV, Rio Tinto Copper Henrik Andersen, Vestas Organizations: Economic, CNBC, Crescent Petroleum, Business, Philanthropy, Conference of, UN, Partner, Staff, Initiative, Energy, TES Vaishali, Rio Tinto Copper Locations: Davos, Switzerland, Dubai, Covington, Rio

Some oil and gas companies have so far participated in voluntary programs to monitor or reduce their methane emissions. Last year's methane emissions from the energy industry totaled some 135 million metric tons, slightly higher than the year before. Climate experts say that including methane efforts in a legally binding summit agreement is a priority. That means that reining in methane emissions can have a more immediate impact in limiting climate change. Countries and philanthropies previously have pledged roughly $200 million for tackling methane – less than 2% of all current climate financing.

Persons: Rachel Kyte, Rick Duke, Mark Brownstein, Durwood Zaelke, Valerie Volcovici, Sarah McFarlane, Kate Abnett, Katy Daigle, Josie Kao Organizations: Reuters, Clean Air Task Force, U.S, United Arab, The, Bank, Environmental Defense Fund, Institute for Governance, Sustainable Development, D.C, EU, Thomson Locations: EU, United Arab Emirates, UAE, Turkmenistan, The UAE, U.S, China, Canada, COP28, Washington, London, Brussels

☆ Climate crisis: Russia's war in Ukraine is undermining global efforts to tackle emissions, new report finds
▼ + stars: | 2023-06-07 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

The report, titled Climate Damage Caused by Russia’s War in Ukraine, follows on from a first interim assessment presented at the UN COP27 climate conference in November 2022. Nearly 22 million metric tons of planet-heating pollution came from warfare, almost 20% of the total emissions attributable to the conflict, the report found. “We probably will only be able to really get a more accurate estimate once the war is over,” de Klerk said. “The biggest chunk of the emissions are still in the future reconstruction of Ukraine,” de Klerk said. The report authors even calculated the extra planet-warming pollution created by airlines rerouting flights to avoid Russian and Ukrainian airspace.

Persons: “, ” Lennard, Klerk, It’s, ” de Klerk, Leah Millis, de Klerk, James Appathurai, ”, Rachel Kyte Organizations: CNN, UN, Firefighters, Reuters, Aris Mssinis, Getty, Global, Fletcher School, Tufts University, “ Locations: Ukraine, Belgium, Russia, Nemyshlianski, Kharkiv region, Russian, Avdiivka, Donetsk, AFP, Europe, Ukrainian

LONDON, March 6 (Reuters) - Two former JP Morgan credit bankers on Monday launched a new impact investment advisory firm focused on emerging market infrastructure, with a minority stake by British insurer Legal & General's (LGEN.L) alternative investments arm. The firm, ImpactA Global, aims to help address the World Bank's estimated need for $1 trillion in annual investment in emerging market infrastructure to meet development goals. Da Costa Mendes, a former JPMorgan executive director, shares the top job at ImpactA with co-founder Victoria Miles, who had served as a managing director of the Wall Street firm. ImpactA aims to bring in investors such as development finance institutions, export credit agencies and institutional asset managers to provide debt financing to these projects. ImpactA is among the very few investment firms focused solely on emerging market infrastructure debt, with a global rather than regional focus, she added.

LONDON, March 3 (Reuters) - The European Union's executive body is set to provide permits, regulatory support and easier access to public and private funding for certain strategic green technologies, according to a draft document seen by Reuters. Certain technologies, such as sustainable aviation fuel (SAF), were not included in the draft as potential candidates for the support scheme. The rules would also support auctions to deploy renewable energy sources, adapt innovation funds and provide easier access to public-private procurement. If the goals aren't achieved by 2030, the European Commission will propose "additional measures aimed at covering the identified gaps," the draft says. The European Commission declined to comment on the draft document, which an industry source said was expected to be released in the coming weeks.

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