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- Friday 10th January 2025
Friday 10th January 2025
BlackRock exits Net Zero initiative, 2024 confirmed hottest year on record, and world’s richest exhaust 2025 carbon budget in 10 days—while Europe’s LNG imports from Russia hit a high, pension trustees face net-zero pressures, and $53T energy investments vie with $25T climate risks.
24 Hours In Sustainability
Worldwide Highlights
Following speculation earlier in the week, yesterday, Blackrock quits Net Zero Asset Managers Initiative as Wall Street lowers environmental profile
The European Commission’s Copernicus Climate Service, the United Kingdom’s Meteorology Office and Japan’s weather agency — all came up with the same conclusion - 2024 hottest year on record
World’s richest use up their fair share of 2025 carbon budget in 10 days
Europe bought a record amount of liquefied natural gas from Russia last year
Are Canadian banks going to follow the US bank exodus from Net Zero Alliance?
On one hand, $53T in energy investment opportunities. On the other, $25T in climate physical impacts [Analysis]
UK Highlights
National Trust to restore nature across area bigger than Greater London
Government’s Industrial Energy Transformation Fund (IETF) announces 25 businesses awarded grants of £51.9mn to cut emissions.
Insurer Aon announced the appointment of John Neal, who has been serving as CEO of insurance marketplace Lloyd’s of London, to the newly created role of Global Chairman of Climate Solutions
The Daily Climate Sceptic
California was the first State in the US to legislate a “solution” to climate change with its AB32 Global Warming Solutions Act of 2006. After fourteen years, amidst the wildfires, is it time to re-evaluate? [Opinion]
Long-Read of the Week
How the World Really Works, by Vaclav Smil a renowned scientist and policy analyst, offers a comprehensive examination of the fundamental systems that underpin our modern civilisation, including energy, food production, and manufacturing.
He emphasises our deep dependence on fossil fuels and the complexities involved in transitioning to sustainable alternatives. This insightful analysis challenges common perceptions and provides a realistic understanding of the challenges and opportunities we face in building a sustainable future.
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