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Decarbonization is hard for a lot of companies, MSCI says
  + stars: | 2024-11-12 | 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 EmailDecarbonization is hard for a lot of companies, MSCI saysLinda-Eling Lee, founding director and head of the MSCI Sustainability institute, says companies are committing to climate targets despite challenges.
Persons: MSCI, Linda, Eling Lee Organizations: Sustainability
REUTERS/Rula Rouhana Acquire Licensing RightsMUMBAI, Nov 28 (Reuters) - Advocates for the energy transition are concerned ahead of the COP28 summit in Dubai about the high cost of capital available to make change happen, as policymakers ratchet up their rhetoric on the need for tight monetary policy. COP28 is widely expected to focus on climate finance, specifically to build on the G20 nations' commitment to triple renewables deployment to about 11,000 gigawatts by 2030, which will need funds of around $4.5 trillion. Climate finance is going to be the "Achilles' heel" of COP28, said Vaibhav Chaturvedi, fellow at the Council on Energy, Environment and Water (CEEW). Linda-Eling Lee, head of the MSCI Sustainability Institute, said companies and investors cannot be expected to commit long-term capital to the energy transition if policymakers change track suddenly. Agreements on greater transparency in disclosures, along with innovations in finance, will help mobilise more private sector funds, Lee said.
Persons: Rula, Gauri Singh, IRENA, Vaibhav Chaturvedi, Chaturvedi, Linda, Eling Lee, Lee, Divya Chowdhury, Jan Harvey Organizations: Abu Dhabi Sustainability, REUTERS, Rights, International Renewable Energy Agency, Reuters Global Markets, Council, Energy, Bridgetown Initiative, World Bank, Bank, MSCI Sustainability Institute, Finance, Thomson Locations: UAE, Abu Dhabi, Rights MUMBAI, Dubai, Barbados, Bridgetown, Mumbai
Lithium independence would be a game-changer for clean energy but Native Americans are already suffering for it. In August, researchers reported that the illite in the southern portion of McDermitt Caldera, called Thacker Pass, contains about 1.8% lithium, on average. And McDermitt Caldera could be that resource. AdvertisementAdvertisementMcKinney is part of the Indigenous group called People of Red Mountain that has opposed lithium mining at Thacker Pass. "The world needs to know that this lithium mining, and this fast-tracking of lithium mining, is a continuation of racism on Paiute and Shoshone people," McKinney told NPR.
Persons: Caldera, Thacker, McDermitt, Jalopnik, There's, Gary McKinney, Al Jazeera, McKinney Organizations: Service, McDermitt Caldera, Chemistry, Nevada -, US, KU Leuven University, Royal Museum for Central Africa, Guardian, Shoshone -, NPR, MSCI Sustainability Institute Locations: Wall, Silicon, McDermitt, Nevada, Nevada - Oregon, Tervuren, Belgium, Thacker, Red, Americas, Al
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