Trillions of dollars flooding into climate solutions are transforming finance, a sector that has been energised by a green transformation almost invisible to most of us outside the finance industry. Don Pittis discusses recent comments by Mark Carney in an article on the Canadian Broadcasting Corporation website. Mark Carney says smart money needs better … Continue reading The world of business is going through a period of dynamic transition as it joins the battle against climate change
Category: climate finance
A “credible” carbon offsetting market is being set up, led by former Governor of the Bank of England, Mark Carney
The former Governor of the Bank of England has established a private sector task force to establish standards for the booming market. The task force will “establish the standards for the infrastructure around a voluntary carbon market.” Hayley Dixon explains in an article on The Telegraph website. Mark Carney to set up 'credible' carbon … Continue reading A “credible” carbon offsetting market is being set up, led by former Governor of the Bank of England, Mark Carney
Understanding the EU Emissions Trading System (ETS)
We must reduce GHG emissions to net zero by 2050 to have a reasonable chance of limiting global warming to 1.5C. Human activities - mainly the burning of fossil fuels - are currently emitting far too much CO2 every year. One approach to reducing CO2 emissions is emissions trading – it is carrot-and-stick: emitters of … Continue reading Understanding the EU Emissions Trading System (ETS)
Insights into the magnitude and ambition of climate-related investment targets
The first analysis of financial sector climate-related investment pledges is available on the New Climate Institute website. Unpacking the finance sector’s climate related investment commitments Financial institution’s climate-related investment targets have rapidly grown in recent years. In this report, we provide insights into the magnitude and ambition of these targets, and investigate their relationship … Continue reading Insights into the magnitude and ambition of climate-related investment targets
A struggle between the few financial institutions that are pushing for an ambitious new European green finance policy framework and incumbent vested interests opposing it
New analysis from InfluenceMap warns 19 out of 20 industry lobby groups are actively opposing measures contained within the EU's proposed Sustainable Finance Strategy. This article was published on the Business Green website. Are 'vested interests' threatening the EU's sustainable finance strategy? EU efforts to establish an ambitious sustainable finance policy are being undermined … Continue reading A struggle between the few financial institutions that are pushing for an ambitious new European green finance policy framework and incumbent vested interests opposing it
New report’s findings support argument that green assets have a lower risk than non-green assets
Elena Johansson writes on the Expert Investor Europe website about a report from an EU-funded project found a significant negative correlation between buildings’ energy efficiency and the probability of mortgage defaults and supports the argument that green assets have a lower risk than non-green assets. Evidence fuels argument to create ‘green supporting factor’ A … Continue reading New report’s findings support argument that green assets have a lower risk than non-green assets
Efforts underway to accelerate development of voluntary carbon markets across the private sector
A global Taskforce has been launched by former Bank of England Governor Mark Carney to scale up voluntary carbon markets. Michael Holder discusses in an article on the Business Green website. It should be added that Mark Carney has returned to his roots as an investment banker with a job spearheading environmental and social investing … Continue reading Efforts underway to accelerate development of voluntary carbon markets across the private sector
Decarbonising our entire economy by 2050 will require massive investments and investor patience to allow investments to pay off
The scale of the climate crisis and its potential impacts mean we need a scientific and investment revolution to tackle it. There are opportunities for patient investors in areas such as energy storage and electrification. It's time to tap into the power of science and innovation. Nicole Systrom, Founder of the Sutro Energy Group explains … Continue reading Decarbonising our entire economy by 2050 will require massive investments and investor patience to allow investments to pay off
Regulators warned in US of the financial risks of climate change
A letter signed by executives from pension plans and other major investors warned the Federal Reserve and other agencies of the financial risks of climate change. Financial regulators should act to avoid economic disaster, according to a letter from pension funds and other investors representing almost $1 trillion in assets. Christopher Flavelle explains in an … Continue reading Regulators warned in US of the financial risks of climate change
A new report identifies four specific reasons why banks should support the just transition to a low carbon economy
Tomaso Ferrando, Research Professor at the University of Antwerp and Daniel Tischer, Lecturer in Management at the University of Bristol write on The Conversation website about a new report from the Grantham Research Institute at the London School of Economics that private British banks should have a central role in financing climate action. They argue … Continue reading A new report identifies four specific reasons why banks should support the just transition to a low carbon economy
Energy in Demand - Sustainable Energy - Rod Janssen 