Ryan Riordan, Professor & Distinguished Professor of Finance, Research Director at the Institute for Sustainable Finance at Queen's University in Ontario discusses the value of stress tests in an article on The Conversation website. What is a climate stress test? A sustainable finance expert explains Imagine this: You take out a mortgage to purchase your … Continue reading As climate stress tests become increasingly common, their findings and implications will reverberate across the entire financial industry
Category: sustainable finance
African nations continue to hold the unenviable position of being disproportionately vulnerable to climate change
Margaret Kadiri, Lecturer in Physical Geography at King's College London writes on The Conversation website about the challenges faced by African countries in addressing climate change. Africa faces an uphill battle against western emissions to combat climate change The UN climate summit COP26, held in November 2021, focused the world’s attention on the urgent need … Continue reading African nations continue to hold the unenviable position of being disproportionately vulnerable to climate change
Europe energy savings practices for business is inefficient, auditors say
Kate Abnett reports on the Reuter’s website that auditors have found that significant EU funding to help businesses save energy were misspent in the 2014-2020 budget. The auditors estimated that projects backed by that funding achieved only 0.3% of the annual savings needed to reach the EU's target to cut final energy consumption by 32.5% … Continue reading Europe energy savings practices for business is inefficient, auditors say
EU taxonomy proposed change is a “recipe for a greenwashing disaster”
The leaked EU Sustainable Finance Taxonomy proposal for a complementary Delegated Act sets out the role of fossil gas, two devastating scenarios emerge – both a far cry from net-zero by 2050. The leaked proposal is discussed in a briefing by Lina Strandvåg Nagell on the Bellona Europe website. Note that the EC began expert … Continue reading EU taxonomy proposed change is a “recipe for a greenwashing disaster”
Financing energy efficiency in Poland
A news article on the New Europe website discusses a landmark scheme to improve the energy efficiency of Polish homes. Separately, the moderndiplomacy website announced that the World Bank will be lending Poland €250 million to improve air quality and energy efficiency. Poland to boost residential energy efficiency with help from EBRD, BNP Paribas … Continue reading Financing energy efficiency in Poland
Seeing the benefits of GFANZ
Many of you may not have heard of GFANZ but it could play a key role in finance climate change measures. F. Haider Alvi, Assistant Professor of Innovation Finance at Athabasca University in Canada discusses GFANZ in an article on The Conversation website. How global business could be the unexpected COP26 solution to climate … Continue reading Seeing the benefits of GFANZ
European Climate Foundation explains the bewildering different approaches to taxonomies
ECF Strategic Communications Manager/Sustainable Finance, Alba Málaga Homs, provides a helpful communication to sort through national approaches to what counts as green finance. While the European Union considers adopting a sustainable finance taxonomy that classifies fossil gas as a green investment, Russia and China have stepped forward and recently adopted more ambitious initiatives that exclude all … Continue reading European Climate Foundation explains the bewildering different approaches to taxonomies
Five key elements to watch over the coming year as countries move forward on their climate promises
Rachel Kyte, Dean of the Fletcher School at Tufts University writes on The Conversation website about what it will take to make commitments at the Glasgow climate talks achievable. What are your views? After COP26, the hard work begins on making climate promises real: 5 things to watch in 2022 How much the world … Continue reading Five key elements to watch over the coming year as countries move forward on their climate promises
Blog from Peter Sweatman: And how much of the $100 trillion is earmarked for energy efficiency, Mark?
On November 3rd, during the first week of COP26, Mark Carney, the UN Special Envoy on Climate Action and Finance, announced that 450 financial organisations from 45 countries pledged to deliver the estimated $100 trillion of finance needed for net zero over the next three decades. This is the Glasgow Financial Alliance for Net Zero … Continue reading Blog from Peter Sweatman: And how much of the $100 trillion is earmarked for energy efficiency, Mark?
COP26: while it’s very encouraging to see many of the world’s leading banks committing to sustainable lending, it’s hard not to feel apprehensive
“The core message today is that the money is there, the money is there for the transition, and it’s not blah blah blah”, Mr. Carney told delegates during a COP26 climate finance event. Yes, banks around the world signed up to be part of the solution. Paul David Richard Griffiths, Professor of Finance; Academic Director … Continue reading COP26: while it’s very encouraging to see many of the world’s leading banks committing to sustainable lending, it’s hard not to feel apprehensive
Energy in Demand - Sustainable Energy - Rod Janssen 