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38 banks against climate change: what are they achieving?

loan portfolios (i.e., finance businesses committed to the environment) with the global climate goal to limit warming to well-below two degrees, striving for 1.5 degrees Celsius. With more than $15 trillion in assets, these Banks are fast-tracking the commitment all UN Principles for Responsible Banking signatories have made to align their business strategy with the goals of the Paris Agreement. Although most of the banks still have a number of steps to implement before they can publish a full assessment of their portfolios’ alignments or set targets, as the report notes, the activities conducted to date have put in place the foundations for the signatory banks to do so within 3 years of joining.

Current pace of action on climate change is

 E-Mail Justifiable pride can be taken in the incremental accomplishments of international climate change cooperation, but it is unthinkable to continue at the current pace. The global response to climate change is completely insufficient and leaves the world on a road to hell . That s according to four former senior members of the United Nations Framework Convention on Climate Change (UNFCCC) secretariat, who have published an exclusive critical insider insight piece -today published in the peer-reviewed journal, Climate Policy. In reviewing 30 years since the launch of international negotiations on climate change, the team state that while countries have successfully agreed three significant UN treaties over the three decades, global implementation of the ensuing commitments is failing, and ramped up action is required urgently to avoid dangerous climate change and to stay within agreed temperature increase thresholds.

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