PACTA

🌍 #COP29 will be focused on climate finance, with decisions expected to shape future commitments. Annual investment to support the clean energy transition needs to double in the next five years, and up to 70 percent of this will need to come from private finance. Net-zero commitments have broadly plateaued with 74 percent of the largest 100 financial institutions committed to net zero. However, many are now taking the next step by actively planning their support for the transition and developing concrete strategies to achieve their climate commitments. To ensure that private finance remains an accountable and important player in the transition, RMI has summarized the state of progress among the largest private finance institutions globally and identified areas to accelerate action: https://bit.ly/3V7t8If

Climate Action 100+, the world’s largest investor engagement initiative on climate change, has released the latest round of company assessments against the Net Zero Company Benchmark- assessing the performance of 168 companies against the initiative’s three high-level goals: improved governance, emissions reduction and enhanced climate-related disclosures.  The 2024 Net Zero Company Benchmark continues to show a clear gap in implementation against targets for the necessary greenhouse gas emissions reductions. Investor engagement is needed more than ever to reduce emissions from the highest global climate polluters. RMI’s capital alignment assessments provide investors with an essential tool to measure the credibility of company targets against their announced capex plans, giving critical insight to inform collaborative engagements to accelerate corporate transitions and fulfill their fiduciary duties. RMI’s assessment builds on the PACTA methodology, which analyzes the alignment of companies' future production plans by technology with climate scenarios.   Read the report: https://lnkd.in/ekEXYVJX

To reach 🌳 net zero emissions, we need to both finance climate solutions like low-carbon electricity, buildings, and transport, but also finance the transformation of polluting parts of the economy. Transition finance supports solutions for reducing emissions from high-emitting sectors of the economy that may not otherwise be eligible for green finance. 📢 RMI's new Transition Finance Resource Hub provides a one-stop shop to learn more about transition finance. The Hub contains videos, articles, how-to guides, case studies, FAQs, industry guidance, and more. Check it out and bookmark this valuable resource today! https://lnkd.in/gdN53GVh #LCAW2024 #ClimateAction

I’m looking forward to joining the faculty for the upcoming “Transition Plans in the Financial Sector” in-person course in Florence, Italy at the European University Institute, April 17-19. Join us to learn more about transition finance, and how can @PACTA be used in transition planning. https://lnkd.in/e8DJjgGH