Tag: decarbonized economy
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Paris-aligned benchmarks
Paris-aligned benchmarks Paris-aligned benchmarks are financial indices designed to align investment portfolios with the climate goals of the Paris Agreement, aiming to limit global temperature rise to well below 2°C, with efforts towards 1.5°C. These benchmarks require a minimum annual decarbonization of 7%, covering Scope 1, 2, and 3 emissions for corporate bonds and sovereign…
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Climate Action Tracker (CAT)
Climate Action Tracker (CAT) The Climate Action Tracker (CAT) is an independent scientific body dedicated to monitoring and evaluating governments’ decarbonization initiatives in alignment with the Paris Agreement’s objectives; to restrict global temperature increases to well below 2°C above pre-industrial levels, with efforts to limit the rise to 1.5°C by the end of this century.…
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Carbon pricing
Carbon pricing Carbon pricing is an instrument that captures the external costs of greenhouse gas (GHG) emissions—the costs of emissions that the public pays for, such as damage to crops, health care costs from heat waves and droughts, and loss of property from flooding and sea level rise—and ties them to their sources through a…