COP28 President Dr. Sultan Ahmed Al Jaber announced the launch of the Global Climate Finance Centre (GCFC), a new think tank and knowledge hub aimed at accelerating the development of global climate finance, including market design, frameworks and skills development. Unveiled Monday at COP28, founding members of the GCFC include Abu Dhabi Global Market (ADGM) ADQ, BlackRock, CIFF, GFANZ, HSBC,…
Lawmakers in the European Parliament and Council announced today that they have reached a provisional agreement on proposed regulations for a new “Ecodesign” framework to establish sustainability requirements for nearly all products across the EU, and to improve information to consumers about products’ environmental sustainability. The agreement follows an initial proposal by the European Commission in March 2022 to set…
Global professional services firm Deloitte announced today collaborations with a series of academic institutions including MIT Sloan School of Management, NYU Stern Executive Education and Center for Sustainable Business, and Arizona State University (ASU) to expand its sustainability, climate and equity upskilling program for its more than 150,000 professionals in the U.S. According to Deloitte, the new program, offered across…
Financial infrastructure platform provider Stripe announced the launch of Climate Orders, a new platform aimed at enabling businesses to integrate carbon removal into their sustainability programs through the pre-ordering of carbon removal tons through advance market commitment coalition Frontier. According to the landmark Intergovernmental Panel on Climate Change (IPCC) climate change mitigation study released last year, scenarios that limit warming to 1.5°C…
Volvo Cars announced a new climate-related commitment, unveiling a new aim to reduce CO2 emissions per car by 75% by 2030, compared to a 2018 baseline. The company also announced that it has joined the First Movers Coalition (FMC) to use its purchasing power towards clean technologies to help support the shift to near-zero emission aluminum. Launched at the COP26…