A recent study found that each Briton produces 200 times the climate emissions of the average Congolese person, with people in the US producing 585 times as much. Yet, as recently as COP26, there was lots of hand-wringing by rich countries about the extent to which aid and other development finance should finance fossil fuels … Continue reading New study highlighting “vast energy inequality” between rich and poor countries points to “climate hypocrisy”
Category: climate finance
As climate stress tests become increasingly common, their findings and implications will reverberate across the entire financial industry
Ryan Riordan, Professor & Distinguished Professor of Finance, Research Director at the Institute for Sustainable Finance at Queen's University in Ontario discusses the value of stress tests in an article on The Conversation website. What is a climate stress test? A sustainable finance expert explains Imagine this: You take out a mortgage to purchase your … Continue reading As climate stress tests become increasingly common, their findings and implications will reverberate across the entire financial industry
New McKinsey report says reaching net zero is vital to avoiding the most catastrophic impacts of global heating and the transformation becomes more expensive the longer action is delayed
In a new report by McKinsey, the global management consulting company, they look at the economic transformation that a transition to net-zero emissions would entail—a transformation that would affect all countries and all sectors of the economy, either directly or indirectly. Damian Carrington discusses the report in an article on The Guardian website. McKinsey: … Continue reading New McKinsey report says reaching net zero is vital to avoiding the most catastrophic impacts of global heating and the transformation becomes more expensive the longer action is delayed
African nations continue to hold the unenviable position of being disproportionately vulnerable to climate change
Margaret Kadiri, Lecturer in Physical Geography at King's College London writes on The Conversation website about the challenges faced by African countries in addressing climate change. Africa faces an uphill battle against western emissions to combat climate change The UN climate summit COP26, held in November 2021, focused the world’s attention on the urgent need … Continue reading African nations continue to hold the unenviable position of being disproportionately vulnerable to climate change
Europe energy savings practices for business is inefficient, auditors say
Kate Abnett reports on the Reuter’s website that auditors have found that significant EU funding to help businesses save energy were misspent in the 2014-2020 budget. The auditors estimated that projects backed by that funding achieved only 0.3% of the annual savings needed to reach the EU's target to cut final energy consumption by 32.5% … Continue reading Europe energy savings practices for business is inefficient, auditors say
“The UK public want urgent action on climate change, but may not yet be fully aware of the implications for individuals of doing so.”
A recent Ipso Mori survey finds that people have become noticeably more concerned in the past year after a string of extreme weather events. The survey also finds that while people are in favour of drastic measures to help the country become net zero by 2050 in theory – when they realise the cost and … Continue reading “The UK public want urgent action on climate change, but may not yet be fully aware of the implications for individuals of doing so.”
EU taxonomy proposed change is a “recipe for a greenwashing disaster”
The leaked EU Sustainable Finance Taxonomy proposal for a complementary Delegated Act sets out the role of fossil gas, two devastating scenarios emerge – both a far cry from net-zero by 2050. The leaked proposal is discussed in a briefing by Lina Strandvåg Nagell on the Bellona Europe website. Note that the EC began expert … Continue reading EU taxonomy proposed change is a “recipe for a greenwashing disaster”
Seeing the benefits of GFANZ
Many of you may not have heard of GFANZ but it could play a key role in finance climate change measures. F. Haider Alvi, Assistant Professor of Innovation Finance at Athabasca University in Canada discusses GFANZ in an article on The Conversation website. How global business could be the unexpected COP26 solution to climate … Continue reading Seeing the benefits of GFANZ
Green mortgages and the role these products have in driving change
Ana Bajri, head of sustainability at Countrywide Surveying Services, in an article on the Mortgage Finance Gazette website, discusses convening an expert panel on our latest webinar to discuss green mortgages and the role these products have in driving change. What are your views on green mortgages? Blog: Green mortgages - carrot or stick? … Continue reading Green mortgages and the role these products have in driving change
European Climate Foundation explains the bewildering different approaches to taxonomies
ECF Strategic Communications Manager/Sustainable Finance, Alba Málaga Homs, provides a helpful communication to sort through national approaches to what counts as green finance. While the European Union considers adopting a sustainable finance taxonomy that classifies fossil gas as a green investment, Russia and China have stepped forward and recently adopted more ambitious initiatives that exclude all … Continue reading European Climate Foundation explains the bewildering different approaches to taxonomies
Energy in Demand - Sustainable Energy - Rod Janssen 