In a bold step toward closing the climate finance gap in vulnerable regions, the GAIA platform has been launched with a substantial $1.48 billion commitment. Co-founded by FinDev Canada, MUFG Bank, and the Green Climate Fund (GCF), this groundbreaking initiative aims to tackle the growing financing challenges faced by developing countries, particularly those in Latin […]
Continue ReadingThe Journal of Ecology Editors are delighted to announce that Fernando Maestre is our Eminent Ecologist award winner for 2024! In recognition of his work, we asked Fernando to put together a virtual issue of some of his favourite contributions to the journal. Fernando has also written this blog series, and was interviewed by Richard Bardgett about about how he started his career in ecology, […]
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In a landmark enforcement action, the U.S. Securities and Exchange Commission (SEC) has fined investment management giant Invesco $17.5 million for making misleading claims regarding the environmental, social, and governance (ESG) characteristics of some of its mutual funds and exchange-traded funds (ETFs). The penalty underscores growing scrutiny in the ESG investment space and serves as […]
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The United States is grappling with a water supply crisis as reservoir levels across the country, including those supplying New York City, continue to reach near record lows due to months of unusually dry conditions and prolonged droughts. This severe water shortage is exacerbating the country’s ongoing climate challenges, impacting agriculture, hydropower production, and drinking […]
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As the fire risk remains high, more than 40 million people across eight states in the U.S. Northeast are now under Red Flag Warnings. The warnings, issued by the National Weather Service (NWS), highlight the elevated danger of wildfires due to a combination of dry conditions, high winds, and low humidity levels. Key Weather Conditions […]
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In a landmark move that underscores the growing momentum towards climate action in financial markets, the New York City Pension Fund has joined the Net-Zero Asset Owner Alliance, a global coalition committed to achieving net-zero greenhouse gas emissions by 2050. This alliance, which collectively manages more than $9.5 trillion in assets, is focused on aligning […]
Continue ReadingIn 2023, the EU ETS was marked by a historical 16.5% reduction in emissions from stationary installations driven by the power sector. Renewable electricity production increased substantially (primarily wind and solar), and the trend of gas replacing coal in power generation was resumed. With this development, ETS emissions from installations are around 47.6% below 2005 […]
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By Solomon Alaka Artificial Intelligence (AI) is increasingly being recognized as a powerful tool in the global fight against climate change. From enhancing energy efficiency and optimizing resource management to predicting climate patterns and driving sustainable innovation, AI is offering new ways to address the environmental challenges facing the world. However, the rapid growth of […]
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Ikea, the Swedish global furniture retailer known for its flat-pack design and affordable products, has announced a major sustainability initiative, committing €1.5 billion toward phasing out fossil fuels from its operations by 2030. This ambitious move is part of the company’s broader strategy to become a climate-positive business, significantly reducing its carbon footprint and accelerating […]
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The global transition to a sustainable and low-carbon economy is gathering pace, presenting significant opportunities across industries and sectors. One particularly exciting prospect lies within the small and medium-sized enterprise (SME) sector, which, according to a joint report by the International Chamber of Commerce (ICC) and software provider Sage, holds the potential to unlock a […]
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