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130 banks holding US$47 trillion in assets commit to climate action and sustainability; 1/3 of global banking sector

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Leading banks and the United Nations on Sunday launched the Principles for Responsible Banking , with 130 banks collectively holding US$ 47 trillion in assets—one third of the global banking sector—signed up. The Principles create the accountability that can realize responsibility, and the ambition that can drive action.

Climate 236
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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

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Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. In total, an amount in the low nine-figure USD range is flowing into HIF Global LLC. AME remains the majority shareholder of HIF Global LLC. Earlier post.).

Porsche 243
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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. Decarbonizing current and developing new end-uses, it can abate up to 85 GtCO 2 eq in cumulative emissions by 2050, more than twice global CO 2 emissions in 2021.

Clean 429
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Amogy and Trafigura to research ammonia cracking technology as a facilitator to global hydrogen supply chains

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The findings of this joint research on ammonia cracking will help support industry-wide efforts to decarbonize transport and heavy industrial processes and lower carbon emissions to meet global climate goals. —Margaux Moore, Head of Energy Transition Research at Trafigura. Earlier post.).

Hydrogen 186
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Report: total investment of $8.1T in nature required over next 3 decades; tripling current investments needed by 2030

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The report uses the global standard developed by the International Union for the Conservation of Nature (IUCN) for nature-based solutions. —“State of Finance for Nature”. The report calls for coupling investments in restoration action with financing conservation measures. A total investment of $8.1

Financing 296
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Summary of decisions from Durban climate conference

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Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. markets all remain in action as effective tools to leverage global climate action and as models to inform. future agreements. Nations Framework Convention on Climate Change (UNFCCC).

Climate 294
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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.