carbon
Washington (AFP) - Globally recognized companies -- from oil and gas majors to the banking sector and tech -- are contributing to greenwashing by snapping up vast quantities of "likely junk" carbon offsets, a watchdog warned Thursday. A new analysis by Corporate Accountability found that household names including Disney, Volkswagen, Air France and many more were among corporations heavily investing in probably worthless credits from environmental projects meant to count towards their emissions reductions. "These trends are extremely worrying," Rachel Rose Jackson, the nonprofit's director of c...
AFP
Washington (AFP) - President Joe Biden's administration announced new "guardrails" to help ensure carbon offset markets are actually effective, in a big boost for the controversy-dogged schemes intended to reduce planet-warming emissions. Cabinet officials including Treasury Secretary Janet Yellen laid out the government's first broad guidelines for "high-integrity" carbon markets, aimed at dispelling distrust in a system panned by critics as greenwashing. "It's about building the confidence to be able to use this tool more effectively at scale," White House national climate adviser Ali Zaidi...
AFP
When you do your banking, do you do it in a building where you need to line up in a queue to talk to someone behind a window, or do you do it all on your phone, wherever and whenever you like? Q3 2021 hedge fund letters, conferences and more Three quarters of us now use banking apps for our everyday money tasks, a shift to the digital world that has been accelerated by the pandemic when banks had to close along with everywhere else. More than 90% of people over 60 used online banking for the first time during the pandemic. In 2022 the number of Americans using digital banking is expected to br...
ValueWalk
Paris (AFP) - Carbon emissions fell a record seven percent in 2020 as countries imposed lockdowns and restrictions on movement during the Covid-19 pandemic, the Global Carbon Project said Friday in its annual assessment. The fall of an estimated 2.4 billion tonnes is considerably larger than previous annual record declines, such as 0.9 billion tonnes at the end of World War II or 0.5 billion tonnes in 2009 at the height of the financial crisis. The international team of researchers behind the report said emissions from fossil fuels and industry would be around 34 billion tonnes of CO2 equivale...
AFP
Paris (AFP) - The richest one percent of people are responsible for more than twice as much carbon pollution as the poorest half of the world's population -- 3.1 billion people -- new research showed Monday.Despite a sharp decrease in carbon emissions due to the pandemic, the world remains on pace to warm several degrees this century, threatening poor and developing nations with the full gamut of natural disasters and displacements.An analysis led by Oxfam showed that between 1990 and 2015, when annual emissions ballooned 60 percent, that rich nations were responsible for depleting nearly a th...
AFP
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