The EU is addressing climate change through the potentially potent tool of fine print of financial regulations

Jill Ward, Silla Brush and John Ainger from Bloomberg write on the Washington Post website about the EU embedding environmental goals in standards for banks, money managers, insurers and member states’ public spending plans.   Why EU Climate Weapon Is in the Financial Fine Print The fight against climate change involves more than wind turbines … Continue reading The EU is addressing climate change through the potentially potent tool of fine print of financial regulations

Coverage of the High-Level Working Group on Finance and Investment

The High-Level Dialogue on Energy is the first global gathering on energy under the auspices of the UN General Assembly since the UN Conference on New and Renewable Sources of Energy in 1981.   Second meeting of the Technical Working Group on Finance and Investment The second meeting of its Technical Working Group on Finance … Continue reading Coverage of the High-Level Working Group on Finance and Investment

The climate crisis can never be solved by today’s free markets

Dominic Rushe writes on The Guardian website about the views of Tariq Fancy, the former chief investment officer for sustainable investing at BlackRock, the world’s largest asset manager. But for Fancy, who now runs the digital learning non-profit Rumie in Toronto, Canada, BlackRock’s move, and the ones it has inspired, contain a fundamental flaw: the … Continue reading The climate crisis can never be solved by today’s free markets

Is Wall Street duping the public that its green investing is only PR spin?

Tariq Fancy, who served as chief investment officer of sustainable investing at the world’s largest asset manager, Blackrock, tells Louise Boyle in an article on The Independent website the practice has little impact on reducing GHG emissions.   ‘It’s moving deckchairs on the Titanic’: Former BlackRock sustainability executive says Wall Street’s green investing is ‘PR … Continue reading Is Wall Street duping the public that its green investing is only PR spin?

Climate change had the potential to have a bigger impact on credit ratings than the Covid-19 pandemic

Larry Elliott writes on The Guardian website about a new study that used artificial intelligence to simulate the economic effects of climate change on Standard and Poor’s ratings for 108 countries over the next ten, 30 and 50 years, and by the end of the century.   UK, US and others face credit rating fall … Continue reading Climate change had the potential to have a bigger impact on credit ratings than the Covid-19 pandemic

In its first economy-wide climate stress test, the European Central Bank assessed the impact of climate change on four million companies and 2,000 banks in the bloc

Gurpreet Narwan writes on The Times website about the first economy-wide climate stress test by the ECB on companies and banks in the European Union.   European Central Bank environment stress test shows polluters at risk Climate change poses “a major source of systemic risk” to the economy, the European Central Bank has warned after … Continue reading In its first economy-wide climate stress test, the European Central Bank assessed the impact of climate change on four million companies and 2,000 banks in the bloc

Our global Covid recovery plans are still not giving enough attention to sustainability

Madeleine Cuff writes on the inews website that less than a fifth of the Covid recovery spending announced by governments around the world has been earmarked for green projects. How do we get that to change?   Less than 20 per cent of global Covid recovery spending is green, report says Despite promises to “build … Continue reading Our global Covid recovery plans are still not giving enough attention to sustainability

One of Britain’s biggest insurers lets corporate clients know they will lose cover if they fail to meet GHG emissions targets

Aviva is the first global insurer and the first UK financial services company to set a target of reducing carbon emissions to net zero by 2040. Louisa Clarence-Smith discusses latest developments in an article on The Times website.   Aviva leads global insurers on climate change plan One of Britain’s biggest insurers is putting companies … Continue reading One of Britain’s biggest insurers lets corporate clients know they will lose cover if they fail to meet GHG emissions targets

Beware of carbon accounting tricks for us to achieve net zero

Disaster looms if big finance is allowed to game the carbon offsetting markets to achieve ‘net zero’ emissions. Simon Lewis, professor global change science at University College London and University of Leeds, discusses in an article on the Guardian website.   The climate crisis can't be solved by carbon accounting tricks An astonishing global shift … Continue reading Beware of carbon accounting tricks for us to achieve net zero

Cities of Leeds and London will be home to a new UK centre for driving global green finance and investment

The research hubs in the two cities will provide data and analytics to financial institutions and services such as banks, lenders, investors and insurers around the world to better support investment and business decisions by considering the impact on the environment and climate change. The hubs also aim to attract and develop new green finance … Continue reading Cities of Leeds and London will be home to a new UK centre for driving global green finance and investment