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
Category: climate finance
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
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
