Leading companies want EU to repeal prominent corporate sustainabilitiy laws to increase the region’s competitiveness

TotalEnergies, Siemens and 46 other European companies have written to European governments urging them to repeal one of the EU’s most prominent corporate sustainability laws to increase the continent’s competitiveness. Kate Abnett and Virginia Furness, writing for Reuters, publish a news item on the UK Finance Yahoo website about the letter. TotalEnergies, Siemens urge … Continue reading Leading companies want EU to repeal prominent corporate sustainabilitiy laws to increase the region’s competitiveness →

World’s largest oil, gas companies involved in under 1.5 % renewable energy projects

Despite public promises by many fossil fuel firms that they are investing in the green transition, it turns out that they have made little contribution to the growth of renewable energy. In an article on the New Scientist website, Chris Stokel-Walker discusses how leading oil and gas companies have investment in renewables. Top 250 … Continue reading World’s largest oil, gas companies involved in under 1.5 % renewable energy projects →

The pullout of ArcelorMittal from the German green steel plan highlights the risk for companies to fully embark on a green transition course

Insa Wrede writes on the Deutsche Welle website about ArcelorMittal’s new plans. Despite being offered billions in subsidies, steel giant ArcelorMittal has suspended plans to transition to green steel production in Germany. Is this an isolated case — or a warning sign for the entire industry? ArcelorMittal's pullout plunges German green steel in doubt … Continue reading The pullout of ArcelorMittal from the German green steel plan highlights the risk for companies to fully embark on a green transition course →

US EPA causing serious problems for Greenhouse Gas Reduction Fund

A faith-based Indiana group and heating contractors in Maine are among hundreds of businesses and organisations stymied by the Environmental Protection Agency’s attempt to claw back $20 billion of the Greenhouse Gas Reduction Fund. In an article on the Inside Climate News website, Marianne Lavelle and Dan Gearino detail what is going on and the … Continue reading US EPA causing serious problems for Greenhouse Gas Reduction Fund →

Governments in Africa should find ways to make green innovation work

In an article on The Conversation website, Nara Monkam, Associate Professor of Public Economics, Chair in Municipal Finance within the Department of Economics, and Head of the Public Policy Hub at the University of Pretoria, University of Pretoria discusses what it will take to make green innovation work in Africa. Has finance for green … Continue reading Governments in Africa should find ways to make green innovation work →

There continues to be real opportunities for social impact investing (SII) directed to the Global South

Haider Alvi, Associate Professor of Innovation Finance, Faculty of Business, Athabasca University in Canada writes on The Conversation website about the issues related to social impact investing in the Global South. Responsible ESG investing in the Global South requires overcoming the Global North’s saviour complex ESG standards (Environment, Social and Governance) are metrics designed … Continue reading There continues to be real opportunities for social impact investing (SII) directed to the Global South →

Backed by the EU, Namibia has a $20 billion plan to export green hydrogen

For Namibia, green hydrogen could be transformative. Backed by the EU, Namibia has a $20 billion plan to export green hydrogen. A secretive tender process raises concerns for nature and citizens. In an article on the Climate Home News website, John Grobler, Joe Lo and Matteo Civillini discuss how the EU is supporting the development … Continue reading Backed by the EU, Namibia has a $20 billion plan to export green hydrogen →

New EEA briefing on the benefits of investing in clean technology and a green industry in Europe

Europe has committed to ambitious sustainability targets in the coming decades, including achieving climate neutrality by 2050. This transition requires large investments while public budgets are under increasing pressure from security needs, inflation, ageing population, and other priorities. Published this week, a European Environment Agency (EEA) analysis looks at this challenge and identifies investments in … Continue reading New EEA briefing on the benefits of investing in clean technology and a green industry in Europe →

Rich countries have agreed in principle to make their export credit agencies lend money on better terms for a series of “climate-friendly and green” projects

OECD countries agree to extend support for ‘climate-friendly’ projects. But vague definitions and inclusion of contested activities worry campaigners. Matteo Civillini discusses the developments in an article on the Climate Change News website. OECD reforms set to give “green” projects better export finance Rich countries have agreed in principle to make their export credit … Continue reading Rich countries have agreed in principle to make their export credit agencies lend money on better terms for a series of “climate-friendly and green” projects →

The world’s most influential banks need to substantially accelerate climate efforts

Many of the world's biggest banks are falling far short of aligning their practices with the Paris Agreement goal of limiting the Earth's warming to 1.5 degrees Celsius above pre-industrial levels, a new report from the IIGCC warns. The report is discussed in an Associated Press news item on The Independent website. Banks far … Continue reading The world’s most influential banks need to substantially accelerate climate efforts →