No banks disclosed the share of total finance directed towards climate solutions in the last year, according to analysis by the TPI Centre

Only 6 of 26 banks have disclosed a commitment to end all on- and off-balance sheet activities that finance new coal capacity immediately. Only one of the banks’ net zero emissions commitments covers on and off-balance sheets activities. Five banks have publicly disclosed the quantitative results of climate scenario analysis to their shareholders and clients. … Continue reading No banks disclosed the share of total finance directed towards climate solutions in the last year, according to analysis by the TPI Centre →

One of the issues with ESG is how difficult it is for investors, consumers and the public to assess how effectively companies have implemented it

In an article on the Conversation website, Daniel Tsai, Lecturer in Business and Law at the University of Toronto and Peer Zumbansen, Professor of Business Law at McGill University discuss the need for changes to how ESG is implemented. The lack of government leadership and the fragmentation of the ESG landscape has created uncertainty about … Continue reading One of the issues with ESG is how difficult it is for investors, consumers and the public to assess how effectively companies have implemented it →

Africa climate summit adopts ‘Nairobi declaration’

The first ever Africa Climate Summit ended on Wednesday with a call for world leaders to back global taxes to fund climate action. The "Nairobi declaration" also calls for financial reforms to help African countries. The text is intended to define the shared position of the 54 countries of the African continent ahead of the … Continue reading Africa climate summit adopts ‘Nairobi declaration’ →

Africa’s climate security needs to be prioritised at COP28

Climate change has been exacerbating tensions across Africa. Maurizio Geri, a former NATO analyst on the Middle East and North Africa, writes on the EURACTIV website that the continent’s climate security ought to be prioritised at COP28 so that the rise of militarism can be countered. West must use COP28 to reverse climate neglect … Continue reading Africa’s climate security needs to be prioritised at COP28 →

“Bangladesh has been quite well in adapting to climate change, but there is still a long way to go with not much time to waste”

Dr Saleemul Huq, director of the International Centre for Climate Change and Development and a professor at Independent University in Bangladesh and one of the most vocal and effective experts on adaptation, writes on the Daily Star website of the need to scale up as soon as possible. This is a message not only for … Continue reading “Bangladesh has been quite well in adapting to climate change, but there is still a long way to go with not much time to waste” →

New report from Columbia Center on Sustainable Investment finds that financial institutions’ climate strategies are far off track from what’s needed for climate action

A new report published by the Columbia Center on Sustainable Investment (“Finance for Zero: Redefining Financial-Sector Action to Achieve Global Climate Goals”) finds that financial institutions’ climate strategies are far off track from what’s needed for climate action, and even from their own commitments. The financial sector’s climate commitments “often overstate or misrepresent the extent to which they support … Continue reading New report from Columbia Center on Sustainable Investment finds that financial institutions’ climate strategies are far off track from what’s needed for climate action →

The UN didn’t get all the money it wanted for its climate programmes, leaving it reliant on the whims of wealthy donor nations

Joe Lo writes on the Climate Home News website about the budget concerns for funding the UNFCCC. UN’s climate work at risk, after EU limits budget increase The European Union has ignored the warnings of the UN’s climate change body (UNFCCC) and stopped governments from giving it as much money as it says it … Continue reading The UN didn’t get all the money it wanted for its climate programmes, leaving it reliant on the whims of wealthy donor nations →

The challenges of financing the climate crisis that the upcoming Paris summit is trying to address

Foreign debt cripples countries vulnerable to extreme weather events, hindering climate change resilience. Reforming financial systems could help them combat climate change. Tim Schauenberg, in an article on the Deutsche Welle website, looks into many of the issues that need to be addressed at the upcoming Paris summit. Climate crisis and debt trap: Paris … Continue reading The challenges of financing the climate crisis that the upcoming Paris summit is trying to address →

Fears that key upcoming climate and finance summit in Paris is not being taken seriously

Just two weeks ahead of a key climate and finance summit, only two developed country leaders have promised to turn up. Joe Lo discusses latest developments in an article on the Climate Home News website. Rich world’s leaders fail to commit to Paris global financing summit Two weeks ahead of a highly-anticipated climate finance … Continue reading Fears that key upcoming climate and finance summit in Paris is not being taken seriously →

Silencing climate voices in the insurance industry, but not actions

There have been recent attacks by Republican-led states in the US against investors and insurers who integrate the risks of climate change into their business models. Rachel Kyte, Dean of the Fletcher School at Tufts University writes on The Conversation website that, while voices may have changed, for the most part actions have not. Fewer … Continue reading Silencing climate voices in the insurance industry, but not actions →