Concerns about widespread lapses in climate risk reporting found in company accounts

Over 70% of some of world’s biggest corporate emitters failed to disclose the effects of climate risk in 2020 financial statements. 80% of their auditors showed no evidence of assessing climate risk when reporting. The report is discussed in an article on the Carbon Tracker website.   Flying blind: The glaring absence of climate risks … Continue reading Concerns about widespread lapses in climate risk reporting found in company accounts

Important step forward in funding renewable energy development in Africa

UK Climate Investments is setting up Africa’s first dedicated renewable energy yieldco. A yieldco is a company that is formed to own operating assets that produce a predictable cash flow, primarily through long term contracts. Bella Weetch writes on the Energy Global website about latest developments.   UK Climate Investments to support renewable energy development … Continue reading Important step forward in funding renewable energy development in Africa

EBRD advances first loan to support renovation of residential multi-apartment buildings in Lithuania

Addressing a core issue in the effort to improve the use of energy in Lithuania, the European Bank for Reconstruction and Development (EBRD) is lending €67.5 million to support an innovative scheme to scale up renovation of residential multi-apartment buildings – its largest direct investment in renovating privately owned buildings in the country, according to … Continue reading EBRD advances first loan to support renovation of residential multi-apartment buildings in Lithuania

How much climate change harms economies will depend a lot on how financial regulators and central banks react

Garth Heutel, Givi Melkadze and Stefano Carattini from Georgia State University write on The Conversation website about the important role central banks can play to avoid a financial crisis triggered by climate change. They conclude that central banks will have roles to play as countries try to manage climate change going forward. In particular, prudent … Continue reading How much climate change harms economies will depend a lot on how financial regulators and central banks react

“Despite increased climate ambitions, the amount of economic recovery funds being spent on clean energy is just a small sliver of the total”

Global carbon emissions are set to rise to record highs in 2023 unless governments around the world do more to channel Covid-19 recovery spending towards green projects, the IEA warns. This is an important message in a year when climate issues will be at the forefront at COP26. Worryingly, the IEA says that only two … Continue reading “Despite increased climate ambitions, the amount of economic recovery funds being spent on clean energy is just a small sliver of the total”

Upcoming webinar June 21st not to miss – Strategic Debrief: Six financial-policy levers to decarbonise Europe’s buildings

Experts will discuss the urgent financial-policy measures which can decarbonise EU buildings in line with the Renovation Wave strategy. The session will be opened with some framing words from the Laudes Foundation on its overall work and how their funding of this project fits within that content. Then Peter Sweatman, Chief Executive of Climate Strategy, … Continue reading Upcoming webinar June 21st not to miss – Strategic Debrief: Six financial-policy levers to decarbonise Europe’s buildings

Highlighting some of the problems related to financing adaptation to climate change

Jessica Omukuti, Postdoctoral Research Associate at the University of York discusses many of the problems related to financing adaptation to climate change in an article on the Conversation website. What are your views?   Climate adaptation finance is ineffective and must be more transparent In 2019, an international climate fund approved a ten year US$9.3 million … Continue reading Highlighting some of the problems related to financing adaptation to climate change

CEN and CENELEC held a webinar on Connecting European Sustainable Finance to Standardisation

On Tuesday 20 April, CEN (the European Committee on Standardization) and CENELEC (the European Committee on Electrotechnical Standardization) held an online webinar dedicated to exploring the role standards can play in scaling up the implementation of sustainable finance for the transition to a climate neutral economy and a more sustainable world. The desired outcome of … Continue reading CEN and CENELEC held a webinar on Connecting European Sustainable Finance to Standardisation

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