While others in the region have made noises about phasing out coal, one bank has put its money where its mouth is despite the difficulties.
Latest articles from Philippa Nuttall

Brazilian banks pledge to restore Amazon rainforest with carbon credit company
November 21, 2022The alliance insists the move is of great ecological benefit, but historically banks have not held the agribusinesses they finance to proper account. A legislative response rather than individual efforts seems necessary.

Bank of England given dire warning on climate risk
October 31, 2022An open letter addressed to the UK’s central bank offers a warning on – and solution to – the “finance-climate doom loop” threatening economic stability.

‘Debt distressed’ emerging markets will struggle with green transition, says ex-World Bank official
October 21, 2022Poorer countries struggling with debt may not have access to electricity, let alone be in a position to decarbonise. Renewed efforts on climate finance are therefore crucial to the clean energy transition, says a leading academic.

EU renews commitment to green energy as business calls for stabilising regulation
October 17, 2022Summit delegates in Brussels heard the EU is resolved on clean energy, while speakers discussed how business needs clarity as it drives ahead with climate finance.

Why banks should stick with the PPA market
October 10, 2022Power purchase agreements could become a victim of the EU’s struggle against astronomical energy prices, but there is a longer-term opportunity for banks to offer support in a broadening sector.

Spotlight falls on development banks’ climate role
September 30, 2022The World Bank chief’s awkward stance on global warming has accelerated calls for multinational development banks to get an overhaul.

Land use transformation demands bank attention
September 27, 2022During New York Climate Week, the UN released a report which presents a stark warning for financial institutions.

EU banks face new deforestation financing rules
September 16, 2022As the world’s forests vanish faster than ever, the European Parliament moves towards tighter due diligence rules. But how effective are they?

Banks too must prepare for the flood
September 12, 2022As climate change threatens increased risk of floods, banks and insurers have a responsibility to galvanise their insurance policies.
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