This past week was filled with interesting sustainability and climate news, we’ve summarised the top stories below.
A report by the Institute for Energy Economics and Financial Analysis (IEEFA) indicates that the move by financiers away from coal is gathering pace. The report cites several examples of major financial institutions and investors shifting their focus towards clean energy and away from coal, driven by factors such as the declining cost of renewables and increasing public pressure to address climate change.
A coalition of institutional investors with $10 trillion in assets under management is calling on companies to address the plastic crisis. The investors are urging companies to take responsibility for the plastic waste they generate and to set clear targets for reducing plastic use and increasing recycling.
Many councils in England are struggling to implement clean air strategies due to financial constraints. A survey conducted by the Local Government Association has found that two-thirds of councils feel they lack the necessary resources to effectively tackle air pollution.
Germany's mass transit systems have set a new benchmark for affordable fares, with many cities offering trips for as little as 1.50 euros. This approach has led to increased usage, a decrease in car usage, and has contributed to a reduction in carbon emissions and better air quality.
A new poll shows that many Europeans are in favour of climate action, but their support lessens if it means significant changes to their lifestyle. The survey, which covered 11 countries, found that individuals were more supportive of climate policies that had little impact on their day-to-day routines.
The US Federal Trade Commission has stated that the recycling industry must undergo regulation to curb misleading claims about recycled content. The agency believes that certain companies are exaggerating their environmental credentials and has called for the establishment of a government-backed certification program.
