Financials

COP28 UAE climate sign
Financials, Policy & Regulation
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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COP28 UAE logo (Rafiq Maqbool/AP Photo)
Energy, Financials, Food & Farming, Policy & Regulation
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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African Penguin, biodiversity
Climate Finance, Financials, Policy & Regulation
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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Capital Markets, Finance, Financials
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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Tree plants Kariba REDD+ project
Financials
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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Financials, India
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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Financials, Policy & Regulation
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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Construction on the Trans Mountain Pipeline expansion project in British Columbia. Six Canadian banks have “stepped in” to finance the next stage of construction, according to Stand.earth (Photo: Darryl Dyck/Bloomberg)
Capital Markets, Financials
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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Severe flooding Slovenia
EU, Financials, Litigation
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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Data, Financials
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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California house fire
Financials
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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