First-Of-A-Kind Pilot For Financing Carbon Removals Launches In Partnership Between CUR8, UNDO, British Airways And Standard Chartered

CUR8, a UK-based company dedicated to building the global market for carbon removals, in partnership with UNDO, a UK-founded, world-leading carbon dioxide removal project developer specialising in enhanced rock weathering, British Airways and Standard Chartered have launched a first-of-a-kind financing pilot to help scale up the carbon removals market. Financial solutions of this kind are a crucial step in enabling the carbon removals market to reach the multi-billion-tonne scale required, according to the IPCC, to limit global warming below 1.5 degrees. Carbon removal is the process of removing carbon dioxide…

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Six Global Financial Institutions Chart a Flight Path to Decarbonizing Aviation

Six top lenders to the aviation sector — Bank of America, BNP Paribas, Citi, Crédit Agricole CIB, Societe Generale and Standard Chartered — have announced that they will partner with RMI’s Center for Climate-Aligned Finance to help decarbonize the aviation sector through the formation of the Aviation Climate-Aligned Finance Working Group. The Working Group aspires to create a collective climate-aligned finance (CAF) framework that defines common goals for action for aviation sector decarbonization. The CAF framework is a commitment by participating financial institutions to annually assess and disclose, consistent with…

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Standard Chartered announces interim targets and methodology for pathway to net zero by 2050

Standard Chartered has announced ambitious new targets to reach net-zero carbon emissions from its financed activity by 2050, including interim 2030 targets for the most carbon-intensive sectors. The Group’s approach is based on the best data currently available and aligns to the International Energy Agency’s Net Zero Emissions by 2050 scenario (NZE). Whilst 33 of our 59 footprint markets do not at present have a commitment to reach net zero by 2050, we are setting out our plan for this timeline, recognising the pivotal role we can play in the…

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Nature-based solutions can mitigate climate change effects on agricultural sector, but market imperfections persist

Nature-based solutions can play a crucial role in limiting the impact of climate change on the agricultural sector, which faces increasing pressures in both adaptation to and mitigation of climate change, according to a report by the Centre for Climate Finance & Investment (CCFI) at Imperial College Business School in partnership with Standard Chartered. The analysis is the second of a two-part report exploring the risks and opportunities facing the global agricultural sector from climate change. The authors warn that poorly designed solutions could create adverse effects such as increasing…

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