Filed under climate finance

Analysis of 35 leading investment banks shows financing of more than $2.66tn for fossil fuel industries since the Paris agreement

Analysis of 35 leading investment banks shows financing of more than $2.66tn for fossil fuel industries since the Paris agreement

Patrick Greenfield and Kalyeena Makortoff write in The Guardian that recent analysis shows that the world’s largest investment banks are failing to respond to the climate crisis.   Study: global banks ‘failing miserably’ on climate crisis by funneling trillions into fossil fuels The world’s largest investment banks have funnelled more than £2.2tn ($2.66tn) into fossil … Continue reading

German-listed companies invested 11 times more in low-carbon investments than British companies

German-listed companies invested 11 times more in low-carbon investments than British companies

A report has revealed that German-listed companies invested 11 times more in low-carbon investments such as electric vehicles, renewable energy and smart energy grids than UK firms. Germany, Spain and Italy topped the company league table for low-carbon investment last year while the UK finished sixth, below France and Denmark.  Jillian Ambrose discusses the results … Continue reading

Financing Europe’s green transition

Financing Europe’s green transition

This was a critical week for ensuring the European Union takes a more ambitious approach to the low-carbon energy transition.  The European Commission unveiled a €1 trillion investment plan to fight climate change on Tuesday.  The Commission proposals would dedicate around a quarter of the EU budget to the task.  The proposal has already had … Continue reading

EU policy makers sealed a deal to create a classification system for green financial products, aiming to strengthen the rapidly growing market’s legitimacy

EU policy makers sealed a deal to create a classification system for green financial products, aiming to strengthen the rapidly growing market’s legitimacy

Brussels said the framework would help stamp out so-called “greenwashing”, when countries and companies seek to make their environmental credentials look better than they are. Alexander Weber writes for Bloomberg News on the Financial Post website about the adoption of “taxonomy for sustainable activities.”   Europe Reaches Deal on Landmark Rules Governing Green Investment European … Continue reading

Latest update on climate finance for mitigation

Latest update on climate finance for mitigation

The SDG Knowledge Hub of the International Institute for Sustainable Development (IISD) provides the October update on climate finance for mitigation compiled by Beate Antonich.   Mitigation Finance Update: Finance Flows to Developing Country Cities Can Deliver Maximum Impact Mitigation finance in October reflects renewable energy as the continued dominant destination sector, with investments also … Continue reading

Latest update on climate finance for adaptation

Latest update on climate finance for adaptation

The SDG Knowledge Hub of the International Institute for Sustainable Development (IISD) provides the October update on climate finance for adaptation compiled by Beate Antonich.   Adaptation Finance Update: Growing Need Calls for Additional Public and Private Funds October saw continued investment in rural communities as evidenced by financial support for a number of climate … Continue reading

Latest update on climate finance for mitigation

Latest update on climate finance for mitigation

The SDG Knowledge Hub of the International Institute for Sustainable Development (IISD) provides the recent update on climate finance for mitigation compiled by Beate Antonich.   Mitigation Finance Update: Every Project Counts to Help Achieve SDGs 7, 13 The past month saw a number of initiatives relating to: economic transitions supported by renewable energy sources, … Continue reading