Tag: Environmental Sustainability

Highlights of Net-Zero Banking Alliance 2024 Progress Report

By on • ( Leave a comment )

When joining the Alliance, each member bank voluntarily commits to independently setting, disclosing, and reporting on their progress towards science-based de-carbonization targets, as data and methodologies allow. These individual targets aim to align portfolios to pathways that limit global warming to 1.5°C above the pre-industrial global average temperature, in line with the goals of the Paris Agreement. The Guidelines for Climate Target Setting for Banks outline eight key sectors: power generation, oil and gas, coal, transport, iron and steel, cement, commercial and residential real estate, and agriculture.

Rate this:

Highlights of Al-Baraka Forum

By on • ( 1 Comment )

During the opening ceremony, H.E Mr. Yousef Hassan Khalawi, Secretary General, AlBaraka Forum for Islamic Economy highlighted that the world has now spent more than a full century talking about sustainability. The Islamic world has 22 countries classified as least developed countries. We should focus on our nations and focus on our beliefs, as today we are trying to introduce Sukuk as one of our major initiatives created by Muslim economists, scientists, and experts.

Rate this:

Moral Reflections on Economics, Vol 5, Issue 2

By on • ( Leave a comment )

February 2025 (Vol 5, Issue 2) issue of Moral Reflections on Economics features article on Islamic Finance and Inclusive Growth, Highlights of AlBaraka Forum by Muhammad Hammad, IEP Public Poll results on Effects of USA’s Pullout from Climate Commitments, Book review of History of Islamic Economics Thought by Prof. Abdul Azim Islahi, Research paper in focus on Financial Inclusion and Growth in OIC Countries by Massinissa Ameziane, Reflections on Qur’anic Description of Nature,
Regular sections of market news, economic and financial indicators and call for papers.

Rate this:

The Political Economics of Green Transitions

By on • ( Leave a comment )

The authors caution that democratic politics may or may not help fix dynamic social problems. The authors argue that even in their own optimistic model of politics—where parties maximize average utility of those currently alive— equilibrium policies may not put society on the right path, and the speed of the green transition may be too slow. Climate change and environmental degradation is a slow and cumulative process. To protect environment, the efforts also need to be cumulative and consistent. A self-centric secular worldview encourages the self-centric use of private property resources. However, even small things done collectively and consistently can have a larger effect.

Rate this:

Highlights of State of Global Air Report 2024

By on • ( Leave a comment )

The threat of air pollution is not new, but it is changing. Air pollution has contributed to death and disease and has hurt economic prospects and community resilience for decades. During that time, policies and technologies have drastically improved air quality in some areas, saving lives, and proving that pollution is not an inevitable by-product of economic development.
Air pollution is a complex mixture of particles and gases with sources and composition varying over space and time. While hundreds of chemical compounds can be measured in the air, governments typically measure only a small subset as indicators of the different types of air pollution and major sources contributing to that pollution.

Rate this:

Key Highlights of OIC Mega Trends Report 2024

By on • ( Leave a comment )

The report identifies the six inter-related mega trends to impact OIC nations as: Uneven Macroeconomic Performance, Sharing and Platform Economies, Green Economy, Urbanization, Global Supply Chains and Future of Work. The first two look at shifting economies, which are playing out across OIC societies. The next two cover changing environments brought on by climate change and growing populations. The last two consider adapting ecosystems.

Rate this:

Significance of Recycling for Environmental Sustainability

By on • ( Leave a comment )

Approximately 1.3 billion tons of Municipal Solid Waste (MSW) are generated globally every year and are expected to increase to approximately 2.2 billion tons per year by 2025. In fact, the amount of waste produced per person per day also depends on the economic status of the community concerned. The rates of MSW growth are fastest in Arabian countries and the Middle East.

Rate this:

Key Highlights of Global Corporate Sustainability Report 2024

By on • ( Leave a comment )

Globally, among the 2,957 sustainability reports subject to an independent assurance, 1,668 (56%) were partially or fully verified under limited assurance, while 405 (14%) were partially or fully verified under reasonable assurance. Globally, 70% of the companies by market capitalization disclosed a GHG emission reduction target and nearly half of them set 2030 as the target year.

Rate this:

Highlights of Financing for Sustainable Development Report 2024

By on • ( Leave a comment )

Financing is crucial for achieving the Sustainable Development Goals (SDGs) because it enables countries to invest in the infrastructure, programs, and services necessary to achieve the goals. Without sufficient financing, countries may struggle to make progress towards the SDGs. The United Nations estimates that achieving the SDGs will require an additional $2.5 trillion in annual investment until 2030. Due to misaligned incentives, both public and private actors still invest in brown activities and have not yet fully aligned their decision-making and financing with the SDGs.

Rate this: