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Plastic Waste Causes $13 Billion in Marine Life Damage

  Plastic waste causes $13 billion in annual financial damage to marine ecosystems, though the actual cost of plastic waste to the overall environment may be much higher, according to two reports released at a meeting of the United Nations Environment Assembly. One report, the UN Environment Programme Year Book, … Read more »

Plastic Disclosure Project

UNEP to Companies: Report Plastic Use

The total natural capital cost of plastic in the consumer goods industry is more than $75 billion per year, according to research released today by the Plastic Disclosure Project, the UN Environment Programme and natural capital analysts Trucost. The cost comes from a range of environmental impacts including the harm … Read more »

UNEP: World Facing ‘Potentially Crippling’ Resource Scarcity

Rapidly rising prices — metal up by 176 percent, rubber by 350 percent and energy by 260 percent since 2000 — signal a potentially crippling trend of increasing costs as current consumption patterns rapidly deplete the world’s non-renewable resources, according to a report from the United Nations Environment Programme. Decoupling 2: … Read more »

Coalition Backs Natural Capital Framework

The Natural Capital Coalition — a multi-stakeholder coalition whose business signatories include Coca Cola, Kingfisher and Dow Chemical — is seeking to create a framework to standardize how the economic value of natural resources is accounted for and valued. The Natural Capital Protocol is supported by, among others, the United Nations Environment Programme, the World Bank’s International Finance Corporation, and … Read more »

HSBC Appoints Head of Climate Change Center

HSBC has appointed Zoe Knight as the new head of its Climate Change Centre of Excellence. Knight, the UK-headquartered bank’s former climate change strategist, will replace Nick Robins, who left the post earlier this year to lead a United Nations Environment Programme inquiry into developing a more environmentally sustainable global … Read more »

CIGI Paper Calls for Summit of Leaders to Tackle Climate Finance Challenges

CIGI Paper Calls for Summit of Leaders to Tackle Climate Finance Challenges

Real progress on climate change will not be achieved until heads of state, governments and ministers of finance see the global problem as a major economic challenge, according to a paper published by the Centre for International Governance Innovation. The “Institutional Arrangements for Climate Finance” paper says organizations are beginning … Read more »

China’s Green Economy Faces Significant Challenges, Report Says

China’s Green Economy Faces Significant Challenges, Report Says

China has a strong policy framework in place to transition to a green economy, but significant challenges stand in the way including its pollution problems and the technology gap between Chinese firms and their international competitors, according to a study sponsored by the United Nations Environment Programme and the Chinese … Read more »

Investor Group Pressures Fossil Fuel Companies to Calculate Climate Risk

Investor Group Pressures Fossil Fuel Companies to Calculate Climate Risk

A group of 70 investors with more than $3 trillion of collective assets under management is pressuring fossil fuel companies to calculate the financial risks that climate change poses to their business plans. The investor campaign, called the Carbon Asset Risk initiative, sent letters to 45 of the world’s top … Read more »

minamata convention

Global Treaty to End Commercial Use of Mercury

The commercial use of mercury could end within three decades under a legally binding treaty signed as international law at a gathering last week of nearly 140 government delegations. To date, 92 countries have signed the Minamata Convention on Mercury treaty — the first new global convention on environment and health … Read more »

Climate Change ‘Will Increasingly Affect Businesses’

Climate Change ‘Will Increasingly Affect Businesses’

Extreme weather events, water scarcity, biodiversity loss and other global warming-related changes in the environment will increasingly affect businesses and how they operate, according to a report released by the United Nations Environment Programme. The report, GEO-5 for Business: Impacts of a Changing Environment on the Corporate Sector, says the … Read more »

AB InBev

AB InBev to Cut Water Use, GHGs, Packaging

Anheuser-Busch InBev today committed to seven global environmental goals to reduce water use and water risk, and decrease greenhouse gas emissions, packaging and energy use. AB InBev aims to reach these goals, which are shared across 24 countries, by the end of 2017. The company’s new goals are: Reduce water … Read more »

UNEP Launches Sustainable Food Production Clearinghouse

A project by Kellogg’s and other groups aimed at spreading sustainable technologies and growing practices for rice is among the initiatives already submitted to the United Nations Environment Programme’s Global SCP Clearinghouse, launched in a bid to promote sustainable food production and consumption. Policymakers and practitioners across the globe have … Read more »