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Nov 5, 2024 | 
oceanographicmagazine.com | Rebecca Daniel
A crew of explorers, scientists and adventurers embarked on a sailing expedition across the Northwest Passage in the Arctic to shine a light on the major climate tipping points that humanity is racing toward. Words by Rebecca Daniel Photographs by Northwest Passage Ocean Science Additional photographs by MEDIA.etc Share Words by Rebecca Daniel On a rainy summer’s day in late June, the Norwegian port city of Bergen is quiet.
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Oct 18, 2023 | 
thefinancialanalyst.net | Rebecca Daniel |Martin Giles
Venture capital and private equity investment in climate technology ventures has experienced a sharp decline in 2023, according to a new report by global professional services firm PwC. However, despite this decline, climate tech investment continues to outperform the broader market, which is still grappling with economic and geopolitical challenges.
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Oct 18, 2023 | 
thefinancialanalyst.net | Rebecca Daniel |Martin Giles
The Monetary Authority of Singapore (MAS) has taken a significant step towards addressing climate change by issuing a set of consultation papers with proposed guidelines on net zero transition planning for financial institutions. The guidelines aim to ensure that banks, insurers, and asset managers have a sound transition planning process in place to effectively manage climate change mitigation and adaptation measures.
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Oct 18, 2023 | 
thefinancialanalyst.net | Eric Blancaro |Rebecca Daniel
Inflation forecasts play a crucial role in shaping monetary policy decisions. Central banks around the world rely on these forecasts to determine the appropriate course of action to maintain price stability and support economic growth. However, the accuracy of these forecasts is heavily dependent on the models used to generate them.
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Oct 17, 2023 | 
thefinancialanalyst.net | Rebecca Daniel |Martin Giles
The European Commission has announced plans to delay certain aspects of its Corporate Sustainable Reporting Directive (CSRD), which includes the adoption of sector-specific sustainability disclosures and reporting requirements for companies outside of the EU. This announcement was made as part of the Commission’s 2024 Commission Work Programme, which outlines the actions it will take over the upcoming year.
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Oct 17, 2023 | 
thefinancialanalyst.net | Rebecca Daniel |Martin Giles
Dry bulk ship owner Berge Bulk has made a significant move towards reducing fuel consumption and CO2 emissions with the launch of its retrofitted vessel, Berge Olympus. The ship is now equipped with four BARTech WindWings, developed by Yara Marine Technologies, which utilize wind power to assist with propulsion and route optimization. The WindWings are impressive in size, with each possessing an aerodynamic span of 37.5 meters in height and 20 meters in width.
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Oct 16, 2023 | 
thefinancialanalyst.net | Rebecca Daniel |Martin Giles
Macquarie Asset Management has announced a significant investment of up to $325 million in Swiss green nitrogen fertilizer company, Atlas Agro. This investment is aimed at supporting the company’s growth and vision to provide a sustainable alternative to conventional fossil-fuel based fertilizer products. The production of fertilizers, particularly nitrogen-based ones, is known to be an energy-intensive process that contributes to global greenhouse gas emissions.
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Oct 16, 2023 | 
thefinancialanalyst.net | Rebecca Daniel |Martin Giles
Investment in electricity grids will need to scale rapidly in order to achieve global climate goals, according to a new report by the International Energy Agency (IEA). The report states that by 2040, 80 million kilometers of power lines will need to be added or replaced, equivalent to the entire global grid today. To meet national climate and energy goals, investment in grids will need to double to over $600 billion per year by 2030.
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Oct 15, 2023 | 
thefinancialanalyst.net | Rebecca Daniel |Martin Giles
Leading construction and mining equipment manufacturer Caterpillar has announced the appointment of George Moubayed as Chief Sustainability and Strategy Officer. Moubayed, who has been with the company for over 25 years, will assume his new role at the beginning of 2024, following the retirement of current Chief Sustainability Officer Lou Balmer-Millar. Moubayed’s extensive experience within Caterpillar makes him well-suited for this new position.
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Oct 15, 2023 | 
thefinancialanalyst.net | Rebecca Daniel |Martin Giles
Global professional services firm EY and enterprise application software company SAP have announced an expanded alliance aimed at advancing climate and sustainability-related action and reporting for their clients. Both companies are working to enhance their capabilities and solutions to help clients manage the increasing challenges related to sustainability and climate change.
