Financials
December 4, 2023
COP28 Round-up: Finance day focuses on development banks and carbon markets
A summary of key announcements from the 2023 UN climate conference, why they matter and what is still missing
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December 4, 2023
COP28 Round-up: Climate coalitions, debt clauses and a new net zero policy task force
The latest news from the 2023 UN climate conference in Dubai
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November 30, 2023
How banks can bridge the $700bn annual biodiversity finance gap
Nature and climate change should be tackled together, says the UNEP Finance Initiative in guidance for banks published ahead of COP28
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November 21, 2023
Why banks are struggling to report capital markets fossil fuel activity
Climate campaigners lament banks’ limited reporting on facilitated emissions, while lenders argue that arriving at a standard for disclosure is a complicated process
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November 1, 2023
South Pole exits troubled Kariba carbon project over quality concerns
Carbon offsets giant South Pole has terminated its partnership with Carbon Green Investments, the owner of a forest carbon project in Zimbabwe
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November 1, 2023
Indian banks face pressure to audit carbon-intensive loans
Indian banks’ unbridled lending to carbon-intensive sectors is facing investor scrutiny amid fears of rising transition risks
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October 31, 2023
Development of nascent biodiversity credit market picks up speed
Growing interest in biodiversity credits could unlock finance for solutions to protect nature – but integrity is key to avoid the greenwashing claims that have dogged the voluntary carbon market
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October 3, 2023
Why are banks still financing fossil fuels?
Is it better to engage with fossil fuel companies or to divest? Banks appear to have voted with their funds, as financing continues to be funnelled to fossil fuel companies...
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September 4, 2023
ECB’s Elderson urges banks to ‘get up to speed’ with climate litigation
The European Central Bank’s supervisory board vice-chair says lenders and their clients need to implement credible Paris-aligned transition plans to mitigate the rising risk of climate lawsuits. The worsening impacts...
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August 29, 2023
In Charts: BlackRock, Vanguard drop support for climate and social resolutions
Support for environmental and social shareholder resolutions seems to be waning, with BlackRock and Vanguard backing only 7 per cent and 2 per cent of environmental and social proposals, respectively....
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August 8, 2023
US insurers urged to take climate action amid impact on coverage
New research reveals that US insurers held $536bn in assets linked to fossil fuels in 2019 – even though some have blamed climate change for increasing premiums and reduced coverage....
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