Climate Change August 2022
Month of August 2022, in this month we want to show 4 news of the sector with a great impact and relevance.
On the one hand, in the month of August, the global decarbonization scenarios of the world’s major fossil fuel companies have been analyzed, they are not in line with the 1.5° C temperature increase of the Paris Agreement for 2100. With Equinor being at an average warming of 1.73°C , bp‘s ‘Rapid’ at 1.73°C in 2058, Shell‘s ‘Sky’ at 1.81°C in 2069 and the International Energy Agency (IEA)‘s Sustainable Development Scenario (SDS) at 1.78°C in 2056.
Another study to highlight is that of Ipsos, as it shows that Spain is the country where climate change is most perceived, but in general all the countries of the European Union are becoming increasingly aware, coming to believe that natural disasters will be more frequent and severe in the future, as we are seeing more and more.
The last study of this month also calls attention to the fact that Debt.com® also analyzed the perception in the United States, and the inflation problem that we are seeing in 2023 was already their concern now, but they know that they expect to pay more for an increasing number of hurricanes, floods, earthquakes, forest fires and storms, being this risk their “risk of tomorrow”.
As the last notable news of the month, Microsoft‘s climate change fund is investing $1 billion in climate change technology solutions in Israel, also seeking to grow start-ups in this area, thereby also seeking new technologies to reduce greenhouse gases.
Links
https://israelnoticias.com/economia/el-fondo-de-innovacion-climatica-de-microsoft-llega-a-israel/
https://www.comunicarseweb.com/node/36410
https://www.ipsos.com/es-es/espana-el-pais-europeo-donde-mas-personas-perciben-el-cambio-climatico-como-una-amenaza-personal
https://www.prnewswire.com/news-releases/el-cambio-climatico-tiene-preocupados-a-los-estadounidenses-por-el-futuro-la-inflacion-los-tiene-preocupados-por-el-hoy-867600976.html
On the one hand, the Swiss federal government finalizes the first inaugural issuance of $776 million in green bonds, these bonds are part of the 2050 zero emissions target and have been mainly split into two tranches of CHF 4.3 million in transportation and CHF 900 million in agriculture.
It was also announced this October that impact investment assets under management worldwide have reached $1.164 trillion, according to the estimate of a new report by the The Global Impact Investing Network Network (GIIN), surpassing the $1 trillion mark for the first time.
In addition, Macquarie Group Asset Management is funding Italian operator @Green Bidco Spa with $100 million through its Green Investment Group (GIG) investment platform. This acquisition reinforces Macquarie Asset Management’s commitment to manage its portfolio in line with the net zero target by 2040.
In this line Macquaire has acquired 140GWh through its investment in r.e. This moves positions it strongly in the European and global market. In the biofuel and Biomass business.
As last news to highlight, Ørsted and WWF join forces to ensure Biodiversity in the marine environments where Ørsted is developing its offshore projects.
Link
https://www.esgtoday.com/switzerland-issues-inaugural-766-million-green-bond/
https://www.esgtoday.com/impact-investing-passes-1-trillion-for-first-time-report/