The Climate Disclosure Standards Board is launching guidance on climate-related disclosures, to address demand for practical support for companies on reporting climate-related information to investors. The launch will take place at an online event later this month.
Tesla has reportedly seen a spike in staff “exposure” to Covid-19 at its California factory. Having kept the facility open longer than it was instructed in March and reopened it earlier than recommended in May, Tesla’s workforce has allegedly seen 1,550 employees “affected” by coronavirus – meaning they have either tested positive or have been exposed to others with Covid.
The Dakota Access Pipeline has won temporary relief from judges who agreed to briefly freeze a court order directing the oil project to shut down next month. An administrative stay was issued and is expected to last a matter of days or weeks.
German consultancy Climate & Company and think-tank Agora Energiewende have warned that an EU Commission proposal for the EU’s budget and recovery fund risks leaving a huge shortfall in green investment needed to meet Europe’s climate goals. €2.4trn in low-carbon investments is needed by 2027 to meet the EU’s current emissions-cutting goals, according to the research.
Bloomberg New Energy Finance has reported offshore wind financings in the first six months of this year totalled $35bn, up by a record 319% year-on-year. The first half of the year saw investment decisions made on 28 offshore wind farms, including the largest ever, the 1.5 GW Hollandse Kust Zuid.
The Canadian Energy Centre has published a new report arguing that Canada will not be able to meet its Paris climate targets without a major hit to jobs and investment. The report finds that even if policy promises are realised, there would still be an emissions gap of 112 megatonnes of greenhouse gases by 2030 and the country’s economy would contract by $54bn.
Zurich North America Insurance has selected Jupiter Intelligence and ClaimFlo to represent North America in its second Innovation Championship. The two ‘InsurTechs’ awards seek to enhance climate change resilience and increase effectiveness in identifying and processing subrogation claims.