
New York City retirement plans have reached an agreement with the Royal Bank of Canada (RBC), CITI, and JPMorgan to disclose the extent of its financing for clean-energy projects compared to fossil fuels. This development is part of a broader trend where financial institutions are providing new climate metrics in their dealings with New York City, signaling a significant step towards transparency in how major banks are supporting the transition to a more sustainable economy. Additionally, there is a growing interest in carbon removal credits, with a policy push expected to significantly increase demand from various sectors including technology, finance, chemicals, and aviation. These credits are aimed at reflecting the engineered removal of carbon dioxide from the atmosphere, offering a market-friendly incentive for companies to invest in carbon removal technologies.

















Demand for credits reflecting the engineered removal of carbon dioxide from the atmosphere is expected by some to surge as market-friendly incentives lure buyers from sectors as diverse as technology and finance, chemicals and aviation https://t.co/scSi1iWP7m
Demand for credits reflecting the engineered removal of carbon dioxide from the atmosphere is expected by some to surge as market-friendly incentives lure buyers from sectors as diverse as technology and finance, chemicals and aviation. More here: https://t.co/TjEXX67bxI
Focus: Policy push for carbon removal credits lures finance, aviation https://t.co/7RXLmFE513 https://t.co/fVvFN7wRzJ