"CMIA helped to explain the potential for project-based mechanisms across a variety of constituencies and is a key voice driving the conversation on results-based finance and sector approaches for scaling-up emission reduction investments. We urgently need input from organisations like CMIA to operationalise Art 6 of the Paris Agreement."

Mr. Franz-Josef Schafhausen, former Director General Climate Change, European and International Affairs, Federal German Ministry of the Environment, Nature Conservation, Building and Nuclear Safety

BP agrees to align ‘capex’ with climate goals, as institutional investors flex muscles on risk

11th February 2019 by CMIA

Divide and conquer: Growing splits in every industry, including oil,set up natural experiments between companies’ approach to the low-carbon transition and their resilience to the disruptions ahead.

Now comes BP which, under pressure from global pension funds, agreed to align its capital-expenditure, or capex, with the Paris climate accord. Taken to its logical conclusions, such accounting could accelerate the shift of investment away from fossil fuels. Oil companies’ spending on low-carbon assets accounted for only about 1.3% of their total capex last year.

Read more here: http://bit.ly/BPcapex