BlackRock and L&G among asset managers using funds with ESG label to invest in coal, oil and gas. Phillip Inman discusses latest developments in an article on The Guardian website. Should we be surprised? Green investment funds pushing money into fossil fuel firms, research finds Investment funds branded as green or socially responsible are … Continue reading Investment funds branded as green or socially responsible are being used to invest in fossil fuel companies
Category: sustainable finance
Hopes that green capital markets could quickly close Europe’s green investment gap are overblown
The Jacques Delors Centre recently published a policy brief by Sebastian Mack. He argues that with key reforms of the Capital Markets Union stalled, the European Green Deal will rely mainly on bank lending. EU policymakers should acknowledge this and shift the focus to greening banks. The Jacques Delors Centre, founded by Jacques Delors in … Continue reading Hopes that green capital markets could quickly close Europe’s green investment gap are overblown
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
What the new head of the World Bank needs to cope with
Rachel Kyte, Dean of the Fletcher School, Tufts University, writes on The Conversation website about what the next head of the World Bank needs to do to address our climate and debit crises. It should be noted that Ajay Banga is the only candidate for World Bank president. Can this former CEO fix the … Continue reading What the new head of the World Bank needs to cope with
Corporations and governments have “undervalued” the benefits of being transparent about how a changing climate will affect revenues, profits and the economy
Carl Meyer writes on The Narwal website about Mark Carney’s views on what governments and corporate leaders need to be doing to get climate change actions on track. Mark Carney is the former Bank of Canada and Bank of England governor, who is also the United Nations special envoy for climate action and finance. … Continue reading Corporations and governments have “undervalued” the benefits of being transparent about how a changing climate will affect revenues, profits and the economy
The “net zero” climate targets of 24 of the world’s largest companies fall far behind their promises
The “net zero” climate plans of 24 of the world’s largest companies add up to emissions reductions of only 36 percent, according to a report by the NewClimate institute and non-profit Carbon Market Watch. The strategies of the self-declared climate leaders, which include household names such as Amazon, Apple, Google, H&M, Nestle, Mercedes-Benz, Volkswagen, and Walmart, are … Continue reading The “net zero” climate targets of 24 of the world’s largest companies fall far behind their promises
World Bank President, dogged by climate questions, will step down early
David Malpass’s decision to quit has delighted frustrated developing nations, donors, experts and campaigners. Fiona Harvey provides latest developments in an article on The Guardian website. Why World Bank head’s resignation is good news for climate crisis fight The resignation of David Malpass, president of the World Bank, was greeted with relief and joy … Continue reading World Bank President, dogged by climate questions, will step down early
With blockchain-backed solar projects leading the way towards a greener future, many are looking to blockchain as a viable option for their investments
Blockchain has the potential to spur sustainable development through increased efficiency and reduced environmental impacts. Peter Bahorecz, chief networking officer at SunMoney Solar Group discusses the benefits of blockchain in an article on the Gulf Business website. Top 5 benefits of investing in blockchain-based solar energy programmes Blockchain-based solar energy investments have the unique … Continue reading With blockchain-backed solar projects leading the way towards a greener future, many are looking to blockchain as a viable option for their investments
Next steps for the Energy Charter Treaty?
Since October 2022, seven EU member states have announced plans to withdraw from the Energy Charter Treaty (ECT). Across the board, the message is clear: the insufficient and potentially climate-damaging treaty reform effort is no longer a politically viable option, write Christina Eckes, Lea Main-Klingst and Lukas Schaugg. Christina Eckes is a professor of European … Continue reading Next steps for the Energy Charter Treaty?
The World Bank’s new mission is expected to “emphasize the importance of sustainability and resilience to reflect more clearly that our mission includes global public goods (GPGs), such as climate change”
A draft document suggests the bank will broaden its “twin goals” of boosting prosperity and ending extreme poverty to encompass climate action. Joe Lo writes on the Climate Change News website about the draft new mission. World Bank moots stronger strategic focus on climate action The World Bank is considering making climate action more … Continue reading The World Bank’s new mission is expected to “emphasize the importance of sustainability and resilience to reflect more clearly that our mission includes global public goods (GPGs), such as climate change”
Energy in Demand - Sustainable Energy - Rod Janssen 