Kategorie: Steffen Bock
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Qinghai Links Ecological Restoration With One of China’s Cleanest Power Grids
• Clean energy supplies 90.6% of Qinghai’s electricity, placing the province among China’s lowest carbon power systems• Large-scale ecological restoration has cut desertified land in key areas from 90% to 12.3% while protecting the headwaters of Asia’s major rivers• Solar thermal capacity under operation and construction has reached 2.06 million kilowatts, the highest total in… Continue reading
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Munich Re Sets 2030 Climate Targets Across Insurance and Investments
• Europe’s largest reinsurer sets binding 2030 emissions targets across insurance, reinsurance, and investment portfolios, reaffirming net zero by 2050.• Targets arrive months after Munich Re exited major climate alliances, highlighting a strategic shift toward unilateral climate governance.• €1.5bn ($1.6bn) earmarked for climate-focused investments as coal exits and oil and gas constraints tighten. Munich Re… Continue reading
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ISSB Eases Financed Emissions Rules Under IFRS S2, Giving Banks And Asset Managers Reporting Relief
• Financial institutions can narrow Scope 3 reporting to loans, investments, and assets under management, excluding facilitated and underwriting related emissions.• Amendments reduce operational burden without changing investor-facing climate risk transparency, according to the ISSB.• The changes reinforce IFRS S2’s role as a global baseline as around 40 jurisdictions move toward adoption. The International Sustainability… Continue reading
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