Day: 19 August 2024

Rich countries overstating “true value” of climate finance by up to $88 billion, says Oxfam

Stuart Mitchell

“Real” financial effort by rich countries to provide climate finance to lower-income countries is less than a third of what the reported figure seems to suggest Rich countries have again effectively short-changed low- and middle-income countries as part of international climate change negotiations by as much as $88 billion in 2022 according to new figures from Oxfam. Wealthy countries say they mobilized nearly $116 billion in climate finance in 2022 ―for the first time surpassing the $100 billion a year they had originally promised to reach by 2020, to help…

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New report provides a comprehensive framework for charting the steel industry’s progress to 1.5°C

Stuart Mitchell

Leading steelmakers globally are beginning to take steps to decarbonise and low emissions steel options are emerging on the market. But new analysis from ResponsibleSteel demonstrates that radical shifts to reduce emissions by a select number of industry leaders or “first movers” will not be sufficient. The entire steel industry needs to take immediate action to make progress on the journey to net zero. And this progress needs to be mapped out in a universal language. ResponsibleSteel has unveiled a landmark report, “Charting Progress to 1.5°C through Certification.” Using two…

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Xylem Expands Corporate Venture Capital Investments to $50M, Targeting Water Scarcity, Quality, and Decarbonization

Stuart Mitchell

Global water technology leader Xylem is expanding its corporate venture investing plans with $50 million committed to support emerging companies and water services providers that solve critical climate challenges such as water scarcity, quality, and decarbonization. Xylem aims to accelerate the availability of water solutions to address these challenges by directly investing in startups developing disruptive water technologies, and by investing in specialty venture capital funds. These investments are focused on companies developing cutting-edge solutions that support Xylem’s growth priorities, including advanced treatment, digital technology, and services to help manage…

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Water Stewardship Pioneer George Schuler Joins Pacific Institute as Deputy Head for CEO Water Mandate

Stuart Mitchell

The Pacific Institute, a US-based global water think tank, today announced that George Schuler has joined the organization as the new Deputy Head for the CEO Water Mandate. The CEO Water Mandate is a partnership between the UN Global Compact and the Pacific Institute to mobilize business leaders on advancing Sustainable Development Goal 6 (SDG 6) – Clean water and sanitation. In this role, Schuler will drive future strategies of CEO Water Mandate to significantly advance progress on SDG 6 through corporate action during the years ahead.  With nearly three decades of…

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Hubbub unveils dynamic toolkit and grants to help tackle litter across the UK

Stuart Mitchell

The environmental charity Hubbub has launched Neatstreets.org.uk a new website to help local authorities and other organisations combat litter using a range of tried and tested ideas.   Artwork for posters and bins, audience insights and ideas for litter interventions are just some of the free tools available on the site which is designed to guide organisations on how to deliver a successful litter campaign in their local area. In addition, McDonald’s has provided funding for five grants of £10,000 to be made available to councils, to help subsidise funding already…

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