This November 450 global development banks will meet to support climate, sustainable development, and biodiversity goals in their recovery plans

The world needs concrete action. The time is now. And one of the sectors in which action is desperately needed is the energy sector. Sandrine Dixson-Dècleve, Co-President of the Club of Rome; Hindou Oumarou Ibrahim, an indigenous leader; Bas Eickhout is a Member of the European Parliament discuss this initiative in an article on the Thomson … Continue reading This November 450 global development banks will meet to support climate, sustainable development, and biodiversity goals in their recovery plans →

Pension funds in UK being urged in a new campaign to invest the nation’s savings to help fight the climate emergency

In an initiative launched by celebrity film director Richard Curtis and ex-Bank of England governor Mark Carney there is a new campaign to get pension funds to support investments in climate change. Tanya Jefferies explains in an article on the Thisismoney website. Are we seeing similar developments in other countries? Mark Carney and Comic … Continue reading Pension funds in UK being urged in a new campaign to invest the nation’s savings to help fight the climate emergency →

“This crisis offers us a once-in-a-lifetime opportunity to rebuild our economy in order to withstand the next shock coming our way: climate breakdown”

As current and former central bankers, Andrew Bailey, Mark Carney, François Villeroy de Galhau, Frank Elderson believe the pandemic offers a unique chance to green the global economy. They provided this opinion piece on The Guardian website. The world must seize this opportunity to meet the climate challenge We are currently in the midst … Continue reading “This crisis offers us a once-in-a-lifetime opportunity to rebuild our economy in order to withstand the next shock coming our way: climate breakdown” →

EIB partners to accelerate energy efficiency projects in Spain and Portugal

It is good to see the European Investment Bank getting involved in important investments in Portugal and Spain. The latest developments are in a news item on the Renewable Energy Magazine website. EIB and Unión de Créditos Inmobiliarios Join Forces to Boost Energy Efficiency in Spain and Portugal The European Investment Bank and Unión … Continue reading EIB partners to accelerate energy efficiency projects in Spain and Portugal →

The European banking sector has made sluggish progress on tackling the climate crisis in the last three years

According to new research by responsible investment organisation ShareAction, the European banking sector has made sluggish progress on tackling the climate crisis in the last three years. The European Union institutions have been actively trying to bring in the financial institutions to play a bigger role in financing needed low-carbon energy initiatives. One is the … Continue reading The European banking sector has made sluggish progress on tackling the climate crisis in the last three years →

Analysis of 35 leading investment banks shows financing of more than $2.66tn for fossil fuel industries since the Paris agreement

Patrick Greenfield and Kalyeena Makortoff write in The Guardian that recent analysis shows that the world’s largest investment banks are failing to respond to the climate crisis. Study: global banks 'failing miserably' on climate crisis by funneling trillions into fossil fuels The world’s largest investment banks have funnelled more than £2.2tn ($2.66tn) into fossil … Continue reading Analysis of 35 leading investment banks shows financing of more than $2.66tn for fossil fuel industries since the Paris agreement →

German-listed companies invested 11 times more in low-carbon investments than British companies

A report has revealed that German-listed companies invested 11 times more in low-carbon investments such as electric vehicles, renewable energy and smart energy grids than UK firms. Germany, Spain and Italy topped the company league table for low-carbon investment last year while the UK finished sixth, below France and Denmark. Jillian Ambrose discusses the results … Continue reading German-listed companies invested 11 times more in low-carbon investments than British companies →

Financing Europe’s green transition

This was a critical week for ensuring the European Union takes a more ambitious approach to the low-carbon energy transition. The European Commission unveiled a €1 trillion investment plan to fight climate change on Tuesday. The Commission proposals would dedicate around a quarter of the EU budget to the task. The proposal has already had … Continue reading Financing Europe’s green transition →

India to pioneer financing clean energy with “Green Window” initiative

In order to leverage limited government funds to attract private capital, the Indian government has announced a new financing approach. Sameer Kwatra and Anjali Jaiswal together with Madhura Joshi and Poonam Sandhu explain the new developments in an article on the Natural Resources Defense Council Expert Blog website. India Announces a “Green Window” to Catalyze … Continue reading India to pioneer financing clean energy with “Green Window” initiative →

EU policy makers sealed a deal to create a classification system for green financial products, aiming to strengthen the rapidly growing market’s legitimacy

Brussels said the framework would help stamp out so-called “greenwashing”, when countries and companies seek to make their environmental credentials look better than they are. Alexander Weber writes for Bloomberg News on the Financial Post website about the adoption of “taxonomy for sustainable activities.” Europe Reaches Deal on Landmark Rules Governing Green Investment European … Continue reading EU policy makers sealed a deal to create a classification system for green financial products, aiming to strengthen the rapidly growing market’s legitimacy →