Tag: 2050
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Sustainable Finance Action Plan
Sustainable Finance Action Plan The Sustainable Finance Action Plan (SFAP) is a major EU policy initiative aimed at promoting sustainable investment across the 27-nations. Introduced by the European Commission in March 2018, the plan responds to the Paris Agreement and the UN’s 2030 Agenda for Sustainable Development, aligning with the European Green Deal’s goal of…
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Net Zero Carbon Pledge and initiative
Net Zero Carbon Pledge and initiative The Net Zero Carbon Pledge and Net Zero Carbon Initiative both refer to commitments and efforts by organizations, governments, or entities to reduce their carbon emissions to net zero.
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European Taxonomy
European Taxonomy The EU taxonomy is a cornerstone of the EU’s sustainable finance framework, directing investments towards activities essential for achieving the European Green Deal’s objectives. It classifies economic activities meeting criteria aligned with a net zero trajectory by 2050 and broader environmental goals. The EU Taxonomy establishes a common language by providing a shared…
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Carbon Footprint
Carbon Footprint As stated by Mike Berners-Lee, author of The Carbon Footprint of Everything, a carbon footprint is the “total sum of all the greenhouse gas emissions that had to take place in order for a product to be produced or for an activity to take place”. Each of these activities and products has its…
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Carbon Allowance
Carbon Allowance Carbon allowances represent official permissions granted by a governmental agency, allowing a company to release one ton of CO2 or its equivalent (CO2e). Governments establish emission targets in advance and progressively reduce them over time, aiming to achieve net-zero targets by 2050. These allowances are integral to compliance markets, where they can be…