While progress is being made in the world’s mission to preserve the climate, a big boost in annual finance and improved standards are necessary to stay on track.
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.
The 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.
An open letter addressed to the UK’s central bank offers a warning on – and solution to – the “finance-climate doom loop” threatening economic stability.
Poorer 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.
Summit 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.
Power 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.
The World Bank chief’s awkward stance on global warming has accelerated calls for multinational development banks to get an overhaul.
During New York Climate Week, the UN released a report which presents a stark warning for financial institutions.
As the world’s forests vanish faster than ever, the European Parliament moves towards tighter due diligence rules. But how effective are they?
As climate change threatens increased risk of floods, banks and insurers have a responsibility to galvanise their insurance policies.
A Republican push-back against ESG could force banks to choose between red and blue states, in spite of poor outcomes in Texas.