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The Year of Climate Elections
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Today: Make-or-break climate elections; early green investment falters; taxing times for the gig economy
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It isn’t just Americans that are going to the polls in 2024. It will be a blockbuster year for elections around the world, with about half of the world’s 8 billion people living in countries that will be choosing their leaders, from presidents to local officials across the nation.
Of the 15 largest countries by population, leaders will be chosen in countries including India, the U.S., Indonesia, Pakistan, Brazil, Bangladesh, Russia, Mexico and Turkey. European Union citizens will select the EU parliament and Brazil and Turkey will run nationwide local elections.
The leaders elected this year will have an outsized impact on climate action. Since policies often take months or sometimes years to affect the economy, the decisions these leaders make over their terms in office will pretty much determine if we get anywhere close to the Paris-aligned 2030 target of a 43% reduction in global greenhouse gas emissions.
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Content from: DELOITTE |
How to Strengthen, Not Abandon, the Voluntary Carbon Market |
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The voluntary carbon market is flawed but can be crucially important to achieving net zero emissions by 2050. Two sustainability executives discuss how to strengthen the market with specific actions. Keep Reading ›
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Climate investment trending down
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Venture-capital and growth investments related to climate fell by almost a third in 2023, ending a three-year increase acccording to Sightline Climate data. That decrease echoes the trend in the wider venture-capital market.
The year's 10 largest transactions made up nearly a quarter of the total climate-themed investment and included additional funding for H2Green Steel, Northvolt, Redwood Materials, Verkor and Octopus Energy.
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Taxing times for the gig economy
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British tax collectors are the latest to seek a share of the boom in secondhand fashion, forcing online marketplaces to hand over more details of customer transactions, writes Joshua Kirkby.
The crackdown is part of a wider global trend to require more reporting of so-called gig-economy income earned on digital platforms such as Vinted, Depop, Airbnb and Etsy.
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$70 Billion
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Projected size of the U.S. used-apparel market in 2027, up from an estimated $44 billion last year, according to ThredUp's 2023 Resale Report
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