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Sustainable Finance News from the Grantham Research Institute at LSE

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April 2021

Exploring the links between biodiversity loss and financial stability
By Ma Jun, Network for Greening the Financial System (NGFS) and China Society for Finance and Banking, and Nick Robins, Grantham Research Institute

In this post for the Sustainable Finance Leadership series, Ma Jun and Nick Robins describe the need for a systematic approach by central banks and financial supervisors to biodiversity and outline the role for a new study group launched by the NGFS and INSPIRE.

2021 could well be a breakthrough year for sustainable finance. Last month the G20 relaunched its Sustainable Finance Study Group, co-chaired by China and the USA, and upgraded it to a Working Group. Financial policymakers and institutions are gearing up to the COP26 climate summit, focusing on how to expand investment for net-zero and climate resilience. Across the financial system, the wider degradation of nature is also gaining increased attention ahead of the UN Biodiversity Conference (CBD COP15), not least because of the realisation that ecosystem degradation is a key driver of zoonotic diseases such as COVID-19.

An underdeveloped agenda

It is an unwelcome fact that the finance and biodiversity agenda is relatively underdeveloped compared with climate change. A recent assessment by ShareAction of 75 of the world’s largest asset managers found that 86 per cent made no reference to ecosystem protection, natural capital or biodiversity in their policies.

However, this is beginning to change. The strategic case for protecting biodiversity and restoring nature is becoming clear. People rely on nature, not only as a source of sustenance and for finding meaning in life, but also for the ecosystem services provided by biodiversity. The major independent review on the Economics of Biodiversity by Professor Partha Dasgupta, published in February, states that the stock of natural capital per person has declined by nearly 40 per cent since 1992, the year the Convention on Biodiversity was signed. Many ecosystems have been degraded beyond repair or are at imminent risk of reaching ‘tipping points’, which could have “catastrophic consequences for our economies and well-being”, argues the report. For example, the soil beneath our feet contains air, water and minerals as well as organic matter with some of the greatest biodiversity on the planet. Dasgupta states that if this soil biodiversity were completely lost, “the land-based food system would cease to function.”

A host of market and institutional failures explain some of the continuing inability to value biodiversity in economic and financial decision-making. These include the lack of mechanisms to measure and price the negative externality of human activities – especially investment activities – on nature in general and on biodiversity in particular. There is a further lack of understanding of how the loss of biodiversity may impact economic sustainability and the safety of financial assets.

Failings such as these have clearly contributed to the degradation of our ecosystems, including large-scale deforestation. The required ambitious programme of policy reform will form a major part of the Post-2020 Global Biodiversity Framework, which will be agreed later this year. Core to this will be the transformation of systems that mediate our relationship with nature, and the global financial system should play a key role here.

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State of Transition 2021

The 2021 State of Transition report from the Transition Pathway Initiative (TPI), reveals that 17% of high-emitting companies are now aligned with a pathway to keep temperature rises to 2 degrees or below by 2050. The report also shows that the number of companies committing to credible net zero targets has more than doubled in one year. Read more


‘Double materiality’: what is it and why does it matter?

The concept of double materiality brings environmental impacts into the focus of standard-setting in accounting. Different reasons for adopting this concept might lead to widely varying interpretations, yet the fitness of the financial system to facilitate a net-zero economy depends on how it is conceived. Matthias Täger explains. Read more


NGFS and INSPIRE launch joint research project on ‘Biodiversity and Financial Stability’

On 6th April the NGFS and the International Network for Sustainable Financial Policy Insights, Research, and Exchange (INSPIRE) announced the launch of a joint Study Group on ‘Biodiversity and Financial Stability’. The goal of the research initiative is to establish an evidence-based approach to how central banks and supervisory authorities could fulfil their mandates in the context of biodiversity loss, with a focus on land-use and deforestation. Read more


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Source: https://www.ethicalmarkets.com/sustainable-finance-news-from-the-grantham-research-institute-at-lse-2/

Publications

WAAS@60 Report

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Click here for the PDF version

The World Academy of Art & Science has just completed its sixtieth year. On February 15-19, 2021 more than 120 Fellows of WAAS and numerous guests joined together for a virtual conference exploring the past, present and future work of the Academy. Many said they came away from the conference energized by a deeper appreciation for why the Academy was founded, the characteristics that define its mission and objectives, the scope of its present work and future aspirations, and the unifying perspective that binds together all our activities on a broad agenda of important global issues. This report seeks to capture essential insights from the five days of intensive and enlightened discussion, the rich contributions by all the speakers, and the years of thoughtful work which they reflect. We hope you enjoy reading it and invite you to join our ongoing efforts to fulfill the Academy’s mission in the days and years to come.


Garry Jacobs
President & Chief Executive Officer
World Academy of Art and Science
www.worldacademy.org
[email protected]

Click here for the PDF version

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Source: https://www.ethicalmarkets.com/waas60-report/

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NEW REPORT! RENEWABLES 2021 GLOBAL STATUS REPORT

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Newly published! Renewables 2021 Global Status Report

As the world’s only crowd-sourced report on renewable energy, the Renewable Global Status Report is in a class of its own. It covers policies, markets, and much more while telling the most up-to-date global story on renewable energy.

The reporting process embodies REN21’s core values of collaboration, rigor, transparency. Over 200 people around the world have been working to bring you the 2021 edition, an annual snapshot of renewable energy around the world.

The 2021 edition includes a feature chapter on the Business Demand for Renewables.

Download the 2021 Report

Make Renewables a Key Performance Indicator (KPI) for All Economic Activities

REN21 has a new message for decision makers, both in the public and private sectors, outlined in the press release and developed in our Key Messages for Decision Makers document. Here is an excerpt: “A good way to accelerate development is to make the uptake of renewable energy a key performance indicator for every economic activity, every budget and every single purchase.

Download the 2021 Key Messages for Decision Makers to read REN21’s take on the uptake of renewables in the public and private sectors.

Click here to read the 2021 GSR press release (available in multiple languages).

Join the Launch Event Today!

15 June 2021 | Time: 14:00 – 15:00 CEST | Convert to your time zone

Join us for the launch of the 2021 GSR and help us make the shift to renewable energy happen – now. Following a presentation of the 2021 report, guests will discuss the key messages of the Renewables 2021 Global Status ReportSpecial guests include Sam Kimmins (Head of RE100), Dr. Birungi Korutaro (CEO of Kilimo Trust), Robin K. McClellan (Non-Executive Director of Star Energy) and Lily Riahi (Program Manager of the Cool Coalition, UN Environment Programme).

Register now to get the links to join via Zoom or to watch the Youtube livestream.

Spread the News

We would love if you could share the news with your network! Use the content in our social media kit, retweet REN21’s first tweet. or reshare our first LinkedIn post.

Get Involved

There will be several opportunities over this week and in the coming months to hear presentations about the GSR. Take a look at our Let’s Meet Up web calendar to find the details of these events.

In particular, please consider joining us on 16 June for our ACEF Side Event!

If you would like to contribute to the next edition of the Renewables Global Status Report as a data contributor or peer reviewer, please submit an expression of your interest.

Questions: Contact [email protected] with any questions. We’d be happy to help.

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Source: https://www.ethicalmarkets.com/new-report-renewables-2021-global-status-report/

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Publications

NEW REPORT! RENEWABLES 2021 GLOBAL STATUS REPORT

Published

on

Newly published! Renewables 2021 Global Status Report

As the world’s only crowd-sourced report on renewable energy, the Renewable Global Status Report is in a class of its own. It covers policies, markets, and much more while telling the most up-to-date global story on renewable energy.

The reporting process embodies REN21’s core values of collaboration, rigor, transparency. Over 200 people around the world have been working to bring you the 2021 edition, an annual snapshot of renewable energy around the world.

The 2021 edition includes a feature chapter on the Business Demand for Renewables.

Download the 2021 Report

Make Renewables a Key Performance Indicator (KPI) for All Economic Activities

REN21 has a new message for decision makers, both in the public and private sectors, outlined in the press release and developed in our Key Messages for Decision Makers document. Here is an excerpt: “A good way to accelerate development is to make the uptake of renewable energy a key performance indicator for every economic activity, every budget and every single purchase.

Download the 2021 Key Messages for Decision Makers to read REN21’s take on the uptake of renewables in the public and private sectors.

Click here to read the 2021 GSR press release (available in multiple languages).

Join the Launch Event Today!

15 June 2021 | Time: 14:00 – 15:00 CEST | Convert to your time zone

Join us for the launch of the 2021 GSR and help us make the shift to renewable energy happen – now. Following a presentation of the 2021 report, guests will discuss the key messages of the Renewables 2021 Global Status ReportSpecial guests include Sam Kimmins (Head of RE100), Dr. Birungi Korutaro (CEO of Kilimo Trust), Robin K. McClellan (Non-Executive Director of Star Energy) and Lily Riahi (Program Manager of the Cool Coalition, UN Environment Programme).

Register now to get the links to join via Zoom or to watch the Youtube livestream.

Spread the News

We would love if you could share the news with your network! Use the content in our social media kit, retweet REN21’s first tweet. or reshare our first LinkedIn post.

Get Involved

There will be several opportunities over this week and in the coming months to hear presentations about the GSR. Take a look at our Let’s Meet Up web calendar to find the details of these events.

In particular, please consider joining us on 16 June for our ACEF Side Event!

If you would like to contribute to the next edition of the Renewables Global Status Report as a data contributor or peer reviewer, please submit an expression of your interest.

Questions: Contact [email protected] with any questions. We’d be happy to help.

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Source: https://www.ethicalmarkets.com/new-report-renewables-2021-global-status-report/

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CNBC

Lincoln is the latest car maker to promise an all-electric lineup by 2030

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Lincoln is replicating some of its parent Ford’s all-electric commitments. The automaker today announced plans to electrify its entire vehicle lineup by 2030. It also pledged that half of its global volume will be zero-emission vehicles by 2025. Before then, Lincoln will debut its first fully electric car next year to coincide with its centenary. 

Ford recently earmarked $30 billion for electric vehicles as part of its plan to go all-electric in Europe by 2030. The ambitious strategy, dubbed Ford Plus, sees the US auto giant trying to catch up to rivals General Motors, Volkswagen and Tesla in the shift to electrification. In May, Ford announced that it was working on all-electric versions of its Explorer and Lincoln Aviator SUVs, along with two EV platforms respectively built for full-size trucks and all- and rear-wheel drive models. 

Today, Lincoln said its electrification goals fall under the Ford Plus umbrella. The company plans to utilize the EV platform for multiple vehicle types for four new fully electric cars. An electric charging network, underpinned by Electrify America‘s charging infrastructure and additional partners, is also in the works and will be accessible through the Lincoln Way app. 

The raft of announcements, including connected driving and tech upgrades (more on those below), follow Lincoln’s decision to scrap its Rivian-based electric SUV due to complications caused by the pandemic.

In terms of design, Lincoln’s Zephyr Reflection concept, unveiled at the Auto Shanghai show in April, will serve as an aesthetical blueprint for future EV models, the company said. Though that Sedan is aimed at China, Lincoln will borrow its coast-to-coast display for its fully electric vehicle, with plans to update its Star logo and provide the kind of roomy interior you’d expect from its luxury output.

Alongside the electric makeover, Lincoln is also working on a major tech upgrade for its lineup. The plans include a cloud-based Lincoln Intelligence System for connected vehicles, which will allow it to deliver iterative software updates for battery, power and computing systems. While newer models with Ford’s Sync 4 infotainment system will receive continuous updates through the Lincoln Enhance platform. That includes the Lincoln Nautilus, which is due for its first update this summer, including improvements to the navigation system, Apple CarPlay and digital owner’s manual. Later this fall, an additional update will provide enhancements for Amazon’s Alexa digital assistant.

In addition, the company will soon roll out ActiveGlide, a hands-free driving assistance feature that only works on sections of divided highways. It follows Ford’s unveiling of its BlueCruise tech, destined for vehicles with Ford Co-Pilot360 (like the Mustang Mach-E) in the second half of the year via a Snyc 4 software update. Similar to GM’s Super Cruise, Ford’s feature can be operated on 100,000 miles of divided highways in the US and Canada.

Further down the line, Lincoln plans to equip its future vehicles with a new Android Auto-powered digital platform. A Rejuvenation mode is also in the works that lets owners tinker with the display, lighting, massage, audio and even scent features to boost their wellbeing. Lincoln previously partnered with meditation app Calm to offer customers a year of its premium service through the Lincoln Way app.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

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Source: https://www.engadget.com/lincoln-all-electric-vehicles-2030-100028732.html?src=rss_b2c

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