G7 leaders push for a clean energy economy
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The G7 summit in Japan last weekend concluded with the issuance of several statements and action plans, including one for advancing a global clean energy economy that reaffirmed the G7 nations’ commitment to reach net-zero by 2050.
"We commit to realizing the transformation of the economic and social system towards net-zero, circular, climate-resilient, pollution-free and nature-positive economies and to halting and reversing biodiversity loss by 2030," the leaders of the G7 countries said in a joint statement. The G7 is an informal bloc of seven countries — the US, Canada, France, Germany, Italy, Japan, and the UK — that meets annually to discuss a range of energy, economic and security issues, among others.
The G7 leaders' statement also emphasized the growing importance of critical minerals for the energy transition and the need to manage economic and security risks caused by vulnerable supply chains. The leaders also called for more investment in natural gas if doing so could be made consistent with their climate objectives.
In this week's newsletter, we look at how gas utilities are exploring new ways of producing low-carbon hydrogen and we dive into the innovative sustainable bond structures that banks are beginning to embrace. This week’s episode of the ESG Insider podcast brings you highlights from the sustainability summit that S&P Global Sustainable1 hosted in Paris on May 10.
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Utilities try out new hydrogen production methods, tee up midstream transport?
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New EU green bond standard may see low uptake with challenges exceeding benefits
The EU's new green bond standard aims to improve the transparency, comparability and credibility of the green bond market and aid its growth. Yet some market participants say the stringent criteria, data unavailability, high costs and potentially heightened liability risk pose challenges to adoption.?
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Banks embrace alternative sustainable bonds as green loan supply diminishes
Banks are exploring innovative sustainable bond structures as they seek to expand their issuance capacity beyond the traditional green bond and capitalize on investor demand.
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ESG Insider Podcast
In this episode of the ESG Insider podcast, we sit down on the sidelines of the S&P Global Sustainable1 Summit in Paris to discuss themes ranging from physical climate risks to net-zero to the energy transition to nature. We speak to a fellow at the Cambridge Institute of Sustainability Leadership; a quantitative analyst at Swedish pension fund AP4; the global head of sustainability at technology investment company Prosus Group; and the CEO of Business for Inclusive Growth.?
Listen on?Spotify, Google Podcasts,?or Apple Podcasts
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Corporate Sustainability/ESG Consultant, Professor Associado na FDC - Funda??o Dom Cabral, Advisor Professor at FDC
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