The Elephant
A resource for journalists, politicians, policy makers, activists and citizens interested in climate change and the environmental emergency
The ElephantA resource for journalists, politicians, policy makers, activists and citizens interested in climate change and the environmental emergency
Thames Water accused of ‘misleading’ customers over level of debt payments
2024-03-12 in The GuardianBritain’s biggest water company said just 3p in every pound that appeared on bills went to its lenders
Tagged under: UK | Water Resources | Finance
US banks abandon ‘bare minimum’ environmental standards project, alarming climate groups
2024-03-05 in The GuardianCiti, BofA, JPMorgan Chase and Wells Fargo leave framework that assesses environmental, social and governance (ESG) financing
Tagged under: ESG - Environmental, Social and Governance | Finance | USA | Banking
UN nuclear watchdog head urges development banks to fund new projects
2024-03-04 (or before) in Financial TimesRafael Grossi says World Bank and Asian Development Bank ‘out of touch’ with modern attitudes to atomic energy
Tagged under: Finance | Nuclear Power | United Nations
Exxon CEO Shares "Dirty Secret" Keeping Us From Net Zero Goals | Leadership Next
2024-03-04 (or before) in YouTubeAs CEO of the energy giant, Darren Woods is leading the third-largest U.S. company through the energy transition. While Exxon Mobil is investing in low-carbo...
Tagged under: ESG - Environmental, Social and Governance | Finance | Net Zero | Exxon
Climate Measures Risk Sparking Social Unrest, German Agency Warns - Bloomberg
2024-02-28 in BloombergThe European Union is at risk of widespread backlash against its climate agenda unless politicians do more to blunt the effects of rising carbon prices on low-income households, according to the head of Germany’s Environment Agency.
Tagged under: Finance
Ensure water companies clean up their act before bills rise, says Committee - Committees - UK Parliament
2024-02-22 (or before) in UK Parliament CommitteesBuilding on the Committee’s two hearings on Thames Water’s finances, the EFRA Chair, Sir Robert Goodwill, has today written to Ofwat Chief Executive David Black to respond to the publication of its Forward Programme 2024-2025.
Tagged under: Finance
Can we adapt before climate change drowns us? - Frontline
2024-02-22 in Frontline: The HinduDespite rising sea levels, heatwaves, and floods, global efforts to adapt to climate change fall short, leaving vulnerable communities exposed.
Tagged under: COP29 | COP28 | Sea Level | Heatwaves | Finance
'Government needs to lead': Green finance experts unveil blueprint for mobilising net zero investment
2024-02-20 in Business GreenGreen Finance Institute and IPPR call for deeper collaboration between private and public sectors and sector-specific transition pathways to boost much needed green investment
Tagged under: Net Zero | Finance
Global annual finance flows of $7 trillion fueling climate, biodiversity, and land degradation crises
2024-01-14 (or before) in UN Environment ProgrammeDubai, 9 December 2023 – Close to $7 trillion is invested globally each year in activities that have a direct negative impact on nature from both public and private sector sources - equivalent to roughly 7 per cent of global Gross Domestic Product (GDP) - according to the latest State of Finance for Nature report released today at COP28 by the UN Environment Programme (UNEP) and partners.
Tagged under: COP28 | Economic Growth | Finance
‘We can’t pretend the ecological crisis is separate’: the economist thinking differently about climate breakdown
2024-01-10 in The GuardianJames Meadway, once a Labour adviser and now a podcast host, says the separation between climate and economy has to end
Tagged under: Economics | Economic Growth | Finance
2023’s costliest climate disasters show poor lose out in ‘global postcode lottery’
2023-12-27 in The GuardianCountries less able to rebuild or who have contributed least to climate crisis suffer worst, research reveals
Tagged under: Fossil Fuels | Finance
UK students launch Barclays ‘career boycott’ over bank’s climate policies
2023-12-27 in The GuardianCampaign at leading universities such as Oxbridge and UCL warns lender it will miss out on top talent if it finances fossil fuels
Tagged under: Fossil Fuels | Finance
Rep. Mike Johnson - Campaign Finance Summary
2023-12-13 (or before) in Open SecretsFundraising profile for Rep. Mike Johnson - Louisiana ( District 04)
Tagged under: US Politics | Louisiana | Finance
'Large gaps still need to be bridged': UN chief returns to COP28 as climate talks remain on knife edge
2023-12-11 in Business GreenWith crunch climate talks' scheduled close less than 24 hours away, negotiators are still wrangling over the future of fossil fuels, finance pledges, and climate adaptation goals
Tagged under: COP28 | Fossil Fuels | Finance
UK likely to miss Paris climate targets by wide margin, analysis shows
2023-12-05 in The GuardianExclusive: Under current policies, Britain could fall short of internationally agreed goal of 68% cut in emissions by 2030
Tagged under: Finance
‘Nothing’s Predictable’: Extreme Weather is Ruining Farmers’ Crops and Finances | The Daily Yonder
2023-11-27 by in The Daily Yonder | Your Top Source for Rural News and StorytellingThis story was originally published by Grist in partnership with the Economic Hardship Reporting Project. When David Marchant looked at the weather
Tagged under: Farming | Finance
Why we let corporations act like monsters - 2SER
2023-11-22 in 2ser RadioA pharmaceutical company profits from legions of addicted customers; a gambling company knowingly markets to people in debt; a hospital kills its patients. People who do far less damage are locked up for life, yet corporations act like horror villains and get away with no criminal penalty. Why do we let them get away with […]
Tagged under: Finance
Giant batteries drain economics of gas power plants
2023-11-21 in YahooGiant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation world-wide. The long-term economics of gas-fired plants, used in Europe and some parts of the United States primarily to compensate for the intermittent nature of wind and solar power, are changing quickly, according to Reuters' interviews with more than a dozen power plant developers, project finance bankers, analysts and consultants. They said some battery operators are already supplying back-up power to grids at a price competitive with...
Tagged under: Renewable Energy | Solar Energy | Economics | Wind Power | Electricity Grid | Finance
The subtle art of scaling up climate adaptation
2023-11-20 by in Climate Home NewsClimate funds are the early adopters of a different way of doing finance, prioritising the natural world and scaling up climate adaptation.
Tagged under: Finance
Showdown at COP28
2023-11-17 by in Counter Punch“$200 trillion is needed to stop global warming” (Bloomberg New Energy Finance) Buckle up, fireworks will be going off in a couple weeks in the pristine
Tagged under: COP28 | Global Warming | Finance
Maria Powell: Madison's long history of racist planning and development
2023-11-14 (or before) by in The Capital Times: Madison WI NewsFlying in the face of its stated commitment to racial equity and social justice, Madison is as racist and classist as less “progressive” cities — and when it comes to
Tagged under: Economics | Housing | Finance
‘Tax Cheat Twelve’ Vote to Cut IRS Funding in Israel Bill
2023-11-04 (or before) by David Dayen in The American ProspectThe 12 House Democrats received a combined $8 million in campaign support from AIPAC and its affiliates last year.
Tagged under: US Politics | Israel | Middle East | Finance
COP28 Action Tracker: Latest Updates on Climate Action and Sustainable Development
2023-10-27 (or before) by in Edie AwardsStay up to date with the latest updates on COP28, including headline news, UK preparations, and the global efforts towards climate action and sustainable development. This edition covers news from the UAE organisers, Latin America and Carribean Climate Week, and more.
Tagged under: COP28 | Fossil Fuels | Climate Justice | Finance
Personal contract purchase (PCP) explained - Car Finance Guide
2023-10-24 (or before) in What CarThere are lots of different ways of buying a new or used car. Here, we look at the pros and cons of personal contract purchase (PCP) schemes
Tagged under: Finance
High Car Loan Interest Rate Payments: Americans Struggle With Bills - Bloomberg
2023-10-22 (or before) in BloombergThe risk of vehicle repossession is rising for many Americans facing a budget crunch.
Tagged under: Finance
Definitions changing in UK’s bid to meet climate finance target
2023-10-17 in The GuardianAndrew Mitchell, the development minister, said ‘clarifications’ would more accurately reflect spending
Tagged under: Finance
A billion deaths at two degrees? Why climate activists should make a special effort to get the science right - Mark Lynas
2023-10-16 by in Mark LynasThe world owes a great debt to Extinction Rebellion. XR’s heyday protests in London helped deliver a UK net zero commitment, forcing many other countries to adopt similar targets. XR […]
Tagged under: Net Zero | Activism | Finance
Climate change could devastate household finances, U.S. Treasury warns
2023-10-14 (or before) in CNBCBetween 2018 and 2022, weather and climate disasters cost more than $617 billion in the U.S., a Treasury Department report found.
Tagged under: US Politics | Finance
A supervisory framework for assessing nature-related financial risks
2023-10-04 (or before) by in oecd-ilibrary.orgThis paper presents a methodological supervisory framework to help central banks and financial supervisors assess biodiversity-related financial risks, impacts and dependencies in the financial sector, including transmission channels for physical and...
Tagged under: Finance
Clifford Chance | Energy in transition – The role of decommissioning
2023-09-27 (or before) in Clifford Chance | International Law Firm | Global Law ExpertsDecommissioning is an integral part of the energy transition. The move by oil & gas companies to decarbonise their operations often leads to a transfer of their ageing assets to new, and often under-resourced, players. This can create opportunities but is also fraught with complexities and challenges for both outgoing and incoming operators.In this extract from a recent webinar, our experts discuss the risks arising in decommissioning operations, offer suggestions on how to mitigate and manage those risks, and identify key factors for any robust decommissioning strategy.
Tagged under: Climate Change | Litigation | Finance
Nature Action 100: Global investors call on corporates to tackle biodiversity impacts
2023-09-26 in Business GreenNew group unveils list of 100 companies in key sectors that investors will push to improve their nature-related policies
Tagged under: Finance
World Bank spent billions of dollars backing fossil fuels in 2022, study finds
2023-09-12 in The GuardianCampaigners estimate about $3.7bn in trade finance was supplied to oil and gas projects despite bank’s green pledges
Tagged under: Economics | Fossil Fuels | Finance
African leaders call for debt relief to help tackle climate crisis
2023-09-06 in The GuardianNairobi declaration, issued at first Africa Climate Summit, also includes call for global carbon taxes
Tagged under: Climate Change | Africa | Finance
8 easy — and cheap — ways to cut your carbon emissions
2023-09-06 (or before) in CNBCHere are some simple ways for Americans of all income groups to reduce their greenhouse gas emissions.
Tagged under: Finance
Biden administration cancels years-long attempt to drill in Alaska National Wildlife Refuge | CNN Politics
2023-09-06 by in CNNThe Biden administration announced Wednesday it will cancel seven Trump-era oil and gas leases in the Arctic National Wildlife Refuge and protect more than 13 million acres in the federal National Petroleum Reserve in Alaska, stymieing a years-long attempt to drill in the protected region.
Tagged under: Arctic | Wildlife | Joe Biden | US Politics | Health | Alaska | Finance
Modelling Climate Litigation Risk for (Re)Insurers
2023-08-30 (or before) by in Columbia Law SchoolIn response to the growing threat of climate change, the insurance industry has made significant investments in modelling and quantifying physical climate risks. However, the emerging risk of climate litigation has proven particularly difficult to model. In 2015 Mark Carney, then-Governor of the Bank of England and Chairman of the Financial Stability Board, warned that climate litigation poses “long-tail risks” for insurers that may be “significant, uncertain and non-linear.” Since that warning, the number of climate-related cases has more than doubled, and the scope and financial significance of climate ...
Tagged under: Climate Change | Insurance | Litigation | Finance
Income-based U.S. household carbon footprints (1990–2019) offer new insights on emissions inequality and climate finance
2023-08-30 (or before) in PLOS - Open ScienceCurrent policies to reduce greenhouse gas (GHG) emissions and increase adaptation and mitigation funding are insufficient to limit global temperature rise to 1.5°C. It is clear that further action is needed to avoid the worst impacts of climate change and achieve a just climate future. Here, we offer a new perspective on emissions responsibility and climate finance by conducting an environmentally extended input output analysis that links 30 years (1990–2019) of United States (U.S.) household-level income data to the emissions generated in creating that income. To do this we draw on over 2.8 billion inter-sectoral tran...
Tagged under: Climate Change | Economics | Health | Climate Change Impacts | Climate Change Mitigation | Finance
Remarks by Assistant Secretary for Financial Institutions Graham Steele at Event Hosted by the Brookings Institution's Assessing Insurance Regulation and Supervision of Climate-Related Financial Risk
2023-08-29 (or before) in home.treasury.govAs Prepared for Delivery Introduction Thank you, Carlos. It is my pleasure to be with you all today, both those in the room and watching virtually. As the Assistant Secretary for Financial Institutions, my portfolio includes developing the Department’s policy views on banks, credit unions, consumer protection, access to capital, and financial sector cybersecurity matters. My remarks will focus on the work that Treasury, through the Federal Insurance office (FIO), is doing to understand and help address the financial risks that our changing climate poses in the insurance sector. Work on climate-related financial...
Tagged under: Drought | Finance | Climate Change | Housing | Insurance | Litigation | Economic Growth | California | Climate Change Impacts | Wildfires | Florida | Climate Change Mitigation
Money down the drain: scandal of Kenya’s failed dams reveals a country drowning in debt
2023-08-29 in The GuardianKenya came out of the 2008 financial crisis in fine shape. Today, it is mired in ‘shocking corruption and debt dependency’. The tale of two ill-fated infrastructure projects explains why
Tagged under: Finance
Big money is trashing trust in British politics. ‘Democracy vouchers’ could be the solution | Daniel Chandler
2023-08-29 in The GuardianThe way our system is funded allows rich donors to buy influence, says economist and philosopher Daniel Chandler
Tagged under: Finance
'Catastrophic' loss: Huge colonies of emperor penguins saw no chicks survive last year as sea ice disappears | CNN
2023-08-24 by in CNNAs rapidly warming global temperatures help push Antarctica’s sea ice to unprecedented lows, it’s threatening the very existence of one of the continent’s most iconic species: emperor penguins.
Tagged under: Climate Change | Antarctic | Insurance | Health | Finance
Rich countries ‘trap’ poor nations into relying on fossil fuels
2023-08-21 in The GuardianCampaigners criticise ‘new form of colonialism’, where countries in the global south are forced to invest in fossil fuel projects to repay debts
Tagged under: Colonialism | Fossil Fuels | Finance
The liberal limits to transformation in the Green Climate Fund
2023-08-20 (or before) in Taylor & Francis Online: Peer-reviewed JournalsInternational climate finance institutions increasingly articulate their goals as catalyzing transformation, but can these institutions bring about deep structural change when they reflect the same...
Tagged under: Climate Change | Climate Justice | Finance
Misreading the Bengal Delta | University of Washington
2023-08-18 (or before) in University of WashingtonPerilously close to sea level and vulnerable to floods, erosion, and cyclones, Bangladesh is one of the top recipients of development aid earmarked for climate change adaptation. Yet, to what extent do adaptation projects address local needs and concerns? Combining environmental history and ethnographic fieldwork with development professionals, rural farmers, and landless women, *Misreading the Bengal Delta* critiques development narratives of Bangladesh as a “climate change victim.” It examines how development actors repackage colonial-era modernizing projects, which have caused severe environmental effects, as clim...
Tagged under: Farming | Climate Change | Flooding | Sea Level | Health | Women and Children | Finance
From laggards to leaders: An assessment of Australian banks’ climate commitments
2023-08-15 (or before) in assets.nationbuilder.comTagged under: Australia | Finance | Net Zero
Global South issues in the Global North? A fossil toxic tour through Texas and Louisiana - Part 2 | EnergyTransition.org
2023-08-10 in EnergyTransition.org | The Global EnergiewendeIn May 2023, Andy Gheorghiu travelled along the US Gulf coast and visited LNG export sites (operating, under construction and planned) which have been co-financed by German banks or enabled through…
Tagged under: Louisiana | Texas | Finance
Why did the Maui fire spread so fast? Drought, nonnative species and climate change among possible reasons | CNN
2023-08-09 by in CNNDrought conditions are becoming more extreme and common in Hawaii and other Pacific islands.
Tagged under: Drought | Climate Change | Health | Wildfires | Finance
Deadly floods hit China's major grain-producing region, fueling food security concerns | CNN
2023-08-07 by in CNN InternationalDays of heavy rain have caused severe flooding in China’s leading grain-producing region in the northeast, killing 14 people and raising concerns about food security as floodwater inundated farmlands.
Tagged under: Farming | Fish | Flooding | Health | Trees | Finance
IMF increasingly worried about 'material' impact of climate change on economies | Reuters
2023-07-28 (or before) in ReutersThe International Monetary Fund on Tuesday called for better coordinated efforts to address the causes of climate change, warning extreme weather is posing material risks to countries globally, especially developing economies already saddled with high debts.
Tagged under: Climate Change | Sustainability | Finance
A world of debt
2023-07-13 (or before) in unctad.orgTagged under: Finance
At least two dead in oil platform fire in Gulf of Mexico | CNN
2023-07-07 by in CNNAt least two people were killed after a fire broke out Friday at the Nohoch Alfa oil platform at the Bay of Campeche, in the Gulf of Mexico, the state-owned Petróleos Mexicanos (Pemex) said in a statement.
Tagged under: Oceans | Mexico | Health | Finance
Ofwat boss denies water industry badly regulated as he predicts higher bills
2023-07-05 in The GuardianDavid Black says water firms’ debt is ‘their issue to sort out’ because regulator did not have powers to tackle problem until recently
Tagged under: Predictions | Finance
Revealed: UK plans to drop flagship £11.6bn climate pledge
2023-07-04 in The GuardianExclusive: Disclosure provokes fury as Rishi Sunak accused of betraying populations vulnerable to global heating
Tagged under: Rishi Sunak | Finance
Mounting debts and public anger could finally sink water companies in England and Wales
2023-06-28 in The GuardianFirms have loaded up debt to pay dividends and been fined millions for dumping raw sewage into rivers
Tagged under: Rivers | Finance
Managing Climate Risk: The Role of Financial Regulators in the Net Zero Transition | Policy Report
2023-06-27 in CUSP | Centre for the Understanding of Sustainable ProsperityThis Aldersgate Group report with CUSP calls on the UK Government to provide a strong legal basis for financial regulators to support the transition to a net zero and nature positive economy. It fi…
Tagged under: Net Zero | Finance
Rainforest destruction soared in 2022 despite global pledges to halt deforestation, new report finds | CNN
2023-06-27 by in CNNThe destruction of the world’s rainforests ramped up last year, despite global pledges to end deforestation by 2030, according to a new report.
Tagged under: Deforestation | Climate Change | Brazil | Health | Trees | Finance
Potential pension fund losses should not deter high-income countries from bold climate action
2023-06-24 (or before) in Cell PressGovernments in advanced economies must consider potential social repercussions of stranded fossil-fuel asset ownership. We show that the vast majority of stranded assets (two-thirds of the total) are held by the wealthiest 10% of individuals. Stranded asset losses constitute less than 2% of the wealth of the top 10%. Given this stark inequality, any potential financial loss incurred by low and middle groups can be compensated at low cost by governments and poses no credible deterrent to ambitious climate policy.
Tagged under: Fossil Fuels | Finance
Paris climate finance summit fails to deliver debt forgiveness plan
2023-06-23 in The GuardianCountries in debt distress thrown financial lifeline but critics say measures fall short of what is needed
Tagged under: Fossil Fuels | Finance
The climate crisis is this century’s biggest threat. We need a global finance pact that reflects the task ahead | Chris Bowen, Steven Guilbeault and James Shaw
2023-06-22 in The GuardianAs climate change ministers, we urge multilateral banks to come together to help vulnerable nations, who face cascading challenges
Tagged under: Climate Change | Economics | Finance
Barbados PM fights for shake-up of global climate finance - BBC News
2023-06-22 (or before) in The BBCAt a climate summit in Paris, Barbados's prime minister wants to raise billions for poor nations.
Tagged under: Caribbean | Finance
Triple-digit heat across Texas is forecast to break energy records | CNN
2023-06-15 by in CNNSummer is still a week away and the Lone Star State is already sweltering, as triple-digit heat could lead to more than 75 heat records being broken across Texas this week.
Tagged under: Climate Change | Texas | Health | Finance
Nearly Every Major Move by GOP-Controlled House So Far Has Had an Anti-Climate Angle
2023-06-14 by in Truthout - Fearless Independent JournalismFrom the debt ceiling to their latest tax plan, the GOP has been taking pot shots at the climate movement at every turn.
Tagged under: Finance
Facing the Dragon: California’s Nasty Ecological Debts
2023-06-11 in California WaterBlog | A biologist, economist, engineer and geologist walk onto a bar…By Andrew L. Rypel “Every time you borrow money, you’re robbing your future self.” ~N. Morris Pre-dam view of the Tuolumne River stretching across Hetch Hetchy Valley in the early…
Tagged under: Rivers | California | Finance
Climate risks have made California uninsurable. When will we wake up? | Kate Aronoff
2023-06-06 in The GuardianState Farm will almost entirely stop issuing new policies in California – with climate-exacerbated wildfires and bad public policy a large reason why
Tagged under: Farming | Insurance | California | Wildfires | Finance
The Biden administration sees hydrogen as a game-changing climate technology. The reality is far more complicated | CNN Politics
2023-06-05 by in CNNThe Biden administration on Monday announced a goal to produce 50 million metric tons of clean hydrogen fuel by 2050 – a roadmap that, if successful, would cut around 10% of the country’s planet-warming pollution by the same date.
Tagged under: Renewable Energy | Solar Energy | Climate Change | Hydrogen | Joe Biden | US Politics | Electricity | Health | Finance
Climate crisis: rich nations undermining work to help poor countries, research suggests
2023-06-04 in The GuardianOxfam report says only $11.5bn (£9.2bn) of climate finance in 2020 devoted to helping vulnerable states
Debt Ceiling Deal Stains Biden’s Legacy on Climate, Environmental Justice
2023-06-02 (or before) in Center for Biological DiversityCenter for Biological Diversity: Legislation Gives Away Mountain Valley Pipeline, Environmental Law Rollbacks
Tagged under: Legislation | Climate Justice | Finance
Pigs, rabbits and fish are dying from searing temperatures in China | CNN Business
2023-06-02 by in CNNWith parts of China experiencing record high temperatures and heavy rains, reports of farm animals and crops suffering from extreme weather patterns are dominating headlines in the country, raising concerns about food security in the world’s second largest economy.
Tagged under: Drought | Farming | Fish | Flooding | Rivers | Health | Food Production and Consumption | El Niño | Trees | Finance
Green funds in Indonesia were spent clearing forests for biomass
2023-06-01 by in Climate Home NewsMillions of dollars in green funds were spent reviving a project by Indonesia's Medco group, which cleared rainforests in Papua.
Tagged under: Deforestation | Trees | Indonesia | Finance
Shanghai records its highest May temperature in more than 100 years | CNN
2023-05-29 by in CNNThe Chinese city of Shanghai recorded its highest May temperature in more than 100 years on Monday, hitting a record 36.1 degrees Celsius (nearly 97 degrees Fahrenheit).
Tagged under: Climate Change | Health | Finance
'Murderers' and 'criminals': Meteorologists face unprecedented harassment from conspiracy theorists | CNN
2023-05-27 by in CNN InternationalNational weather services, meteorologists and climate communicators in countries from the US to Australia say they’re experiencing an increase in threats and abuse, often around accusations they are overstating, lying about or even controlling the weather.
Tagged under: Spain | Climate Change | Health | Finance
Stockholm+50 - Debt for Climate
2023-05-21 (or before) in YouTubeTagged under: Activism | Finance
Home | debtforclimate
2023-05-21 (or before) in Home | debtforclimateTagged under: Finance
The world's largest lakes are shrinking dramatically, and scientists say they have figured out why | CNN
2023-05-18 by in CNNMore than half of the world’s largest lakes and reservoirs have lost significant amounts of water over the last three decades.
Tagged under: Climate Change | Health | Water Resources | Finance
Google Installing 500 Megawatts of Solar for Environmental Justice
2023-05-18 by Zachary Shahan in Cleantech News Ñ #1 In EV, Solar, Wind, Tesla NewsSolar power is not just for rich people, but it’s not free and you typically need to show a decent credit score to finance it. As with many things in life, the less wealthy people in society are left behind a bit as we transition into this cleaner, more financially sensible (in the long term) […]
Tagged under: Solar Energy | Finance
Senator Whitehouse: 275 of 315 Pages of GOP Debt Limit Bill Are Big Oil Favors
2023-05-09 by in Truthout - Fearless Independent JournalismThe proposal contains the entirety of Republicans’ H.R. 1, a major pro-fossil fuel package.
Tagged under: Finance
Opinion: To unleash the clean trillions we need more sticks, less carrots
2023-05-09 by in Energy MonitorMore robust government intervention like credit guidance and golden shares is needed to unleash the clean trillions needed to reach net zero.
Tagged under: Net Zero | Finance
Insurance giant ‘breached international guidelines’ by backing oil pipeline
2023-05-05 (or before) in The Bureau InvestigatesA group of NGOs allege that Marsh is contributing to the serious harm caused by the pipeline by providing the insurance services necessary for the project to progress
Tagged under: Africa | Insurance | Finance
Five Times Faster by Simon Sharpe review – a radical but realistic path to net zero emissions
2023-04-09 in The GuardianA former civil servant makes a persuasive case for dropping economy-wide emissions targets and focusing on tipping points where green technologies become affordable
Tagged under: Climate Change | Economics | Net Zero | Tipping Points | Finance
Opinion: Biden betrays our generation by greenlighting the Willow Project | CNN
2023-04-07 by in CNNPresident Joe Biden's recent approval of the Willow Project in Alaska has alarmed many young people. Climate activists Sophia Kianni, Greta Thunberg, and Vanessa Nakate urge Biden to consider our collective future before short-term political gains.
Tagged under: Renewable Energy | Climate Change | Activism | Joe Biden | Health | Alaska | Finance
Insuring the net-zero transition: Evolving thinking and practices – United Nations Environment – Finance Initiative
2023-04-04 (or before) in UN Environment Programme - Finance InitiativeTagged under: Insurance | Net Zero | Finance
Net-Zero Insurance Alliance – United Nations Environment – Finance Initiative
2023-04-04 (or before) in UN Environment Programme - Finance InitiativeTagged under: Insurance | Net Zero | Finance
The oceans just reached their hottest temperature on record as El Niño looms. Here are 6 things to watch for | CNN
2023-04-01 by in CNNIt's unclear how strong the coming El Niño will be -- some models predict it could reach super-strength, others suggest it will be more moderate.
Tagged under: Oceans | Drought | Predictions | Climate Change | Antarctic | Flooding | El Niño | Health | Climate Change Impacts | Finance
The Case For Fossil Fuel Divestment
2023-03-28 (or before) by in ForbesIn the face of the climate crisis, calls for divestment from fossil fuels have grown louder. What does divestment mean? Does it work? Understand the financial and social impacts of the divestment movement in reducing carbon emissions.
Tagged under: Climate Change | Fossil Fuels | Climate Change Impacts | Finance
The Case For Fossil Fuel Engagement
2023-03-28 (or before) by in ForbesAlthough fossil fuels may have no future in a decarbonized world, fossil fuel firms may still have a role to play in the decades of climate transition ahead. Can responsible financial engagement with these companies support current energy needs and climate goals?
Tagged under: Fossil Fuels | Net Zero | ESG - Environmental, Social and Governance | Finance
Credit Suisse Collapse Throws Climate Debt Market Into Turmoil - Bloomberg
2023-03-21 (or before) in BloombergThe failure of the Swiss bank leaves a hole in the debt-for-nature market that analysts said could one day exceed $800 billion.
Tagged under: Caribbean | Collapse | Finance
US banks are sacrificing poor communities to the climate crisis | Ben Jealous and Bill McKibben
2023-03-16 in The GuardianIt took decades to force banks to abandon racist redlining. We don’t have decades to avert catastrophic climate crisis
Tagged under: Fossil Fuels | Finance
New report: Commitment to end international finance for fossil fuels is shifting billions, but key countries breaking promises missing in action - Oil Change International
2023-03-15 by in Oil Change InternationalPromise Breakers, a report released today by Oil Change International, reveals that the stop funding fossils commitment forged at COP26, is already shifting an estimated USD 5.7 billion per year out of fossil fuels and into clean energy, with the potential of a further 13.7 billion per year if all signatories fulfill their commitments.
Tagged under: COP26 | Fossil Fuels | Finance
Promise Breakers: Assessing the impact of compliance with the Glasgow Statement commitment to end international public finance for fossil fuels - Oil Change International
2023-03-15 by in Oil Change InternationalNew research shows stop funding fossils commitment forged at the 2021 UN climate summit is already shifting an estimated USD 5.7 billion per year out of fossil fuels and into clean energy. If all signatories fulfill their commitments, then a further 13.7 billion per year will be shifted out of fossil fuels and into clean energy.
Tagged under: Climate Change | Fossil Fuels | Finance
How much lithium does Iran have?
2023-03-10 (or before) in Quartz | Make business betterAt more than 8.5 million tons, the discovery could have enormous geopolitical implications
Tagged under: Lithium | Batteries | Russia | Iran | Finance
Customers boycotting Southern Water bills over sewage spills claim win
2023-02-17 (or before) by in The Times & The Sunday TimesSouthern Water customers refusing to pay their wastewater bills in protest at the firm’s sewage spills have celebrated the retreat of debt collection agenci
Tagged under: Finance
NatWest to end new business loans for oil and gas extraction
2023-02-10 in The GuardianBank also plans to phase out similar lending for existing customers under its first climate transition plan
Tagged under: Fossil Fuels | Finance
The growth of the finance industry is strangling the UK economy
2023-02-10 in Left Foot Forward'In pursuit of the high returns in the shortest possible time, the finance industry has moved into the high street.'
Tagged under: Finance
Clean energy investment tops $US1 trillion, sits neck and neck with fossil fuels
2023-01-30 in Renew Economy | News and analysis for the clean energy economyBloomberg New energy Finance says investment in low carbon energy has hit a new high – and for the first time reached parity with capital invested in fossil fuels.
Tagged under: Fossil Fuels | Finance
Concerns that Government’s Finance Bill Benefits Big Money and Harms the Planet – Byline Times
2023-01-27 by in Byline TimesThe Financial Services and Markets Bill risks wrecking the UK's commitment to net zero, writes Thomas Perrett
Tagged under: Net Zero | Finance
Portugal agrees to swap Cape Verde's debt for environmental investment
2023-01-24 by in Climate Home NewsCape Verde owes around $150m to the Portugese state - but Portugal says it will write off the debt if the African island nation spends the money on environmental measures
Tagged under: Africa | Finance
Activist #MMT - podcast: Ep137: Steve Kelsey: Trans-jurisdictional caring
2023-01-21 (or before) in activistmmt.libsyn.comWelcome to episode 137 of activist #MMT. Today I talk with Steve Kelsey, about what money and money issuance, and our entire money system, should and could be, if we could start over and design it from scratch. You'll find two of his papers linked below (in the Resources section). Before that, we discuss , which is one of the most viral MMT tweet threads of all time more than 3000 retweets and nearly 7000 likes. The topic of his thread is the big lies told by former UK Prime Minister Margaret Thatcher. The first big lie is "TINA" which stands for "there is no alternative." This is how those already on top tell the rest to sit do...
Tagged under: Activism | Health | Finance
Nadhim Zahawi to pay millions in tax after dispute over family finances
2023-01-15 in The GuardianQuestions were raised over Tory chair’s use of offshore company to hold shares in polling firm YouGov
Tagged under: Finance
HSBC’s secretive loan to a coal company bulldozing a village
2023-01-13 (or before) in The Bureau InvestigatesSenior bankers greenlit $340m deal with energy giant RWE but recommended HSBC's involvement was kept quiet
Tagged under: Coal | Germany | Finance
Fueling Resistance
2022-12-14 (or before) in MITIn Fueling Resistance, Kate Neville dissects the processes, and political economy framework, of resistance to two different alternative fuel projects in two distinct and disparate locations. The comparison centers on resistance to a biofuel project in Kenya and a fracking project in the Yukon territory of Canada. The unwritten premise is that these two energy projects, and the subsequent resistance to them, may not have obvious similarities given their distinct characteristics and locations but in fact have several elements in common. Neville outlines how these cases can be viewed as similar and concludes that understanding the ...
Tagged under: Renewable Energy | Solar Energy | Climate Change | Colonialism | Rivers | Fracking | Fossil Fuels | Wind Power | Health | Climate Justice | Food Production and Consumption | Finance
The Surprising Lifetime Cost of Car Ownership
2022-11-29 (or before) in doughroller.netTagged under: Finance
A New Tool to Move Finance Out of Fossil Fuels
2022-11-10 (or before) in gogel.orgTagged under: Fossil Fuels | Finance
Mines, pipelines and oil rigs: what HSBC’s ‘sustainable finance’ really pays for
2022-11-01 (or before) in The Bureau InvestigatesBank is using ‘green’ initiatives to raise billions for companies that are fuelling the climate crisis
Tagged under: Finance
Mark Carney denies big banks threatened to quit climate finance group
2022-10-24 in The GuardianFormer BoE governor admits his net zero alliance weakened veto on coal investment because of ‘antitrust concerns’
Tagged under: Coal | Net Zero | Finance
Built Environment: measuring Climate Change impact
2022-10-21 by in Spacewell Energy (Dexma) | Energy Intelligence ManagementClimate change is making the built environment more vulnerable. How to measure the impact of climate change on buildings?
Tagged under: Climate Change | Finance
Greta Thunberg on the climate delusion: ‘We’ve been greenwashed out of our senses. It’s time to stand our ground’
2022-10-08 in The GuardianGovernments may say they’re doing all they can to halt the climate crisis. Don’t fall for it – then we might still have time to turn things around
Tagged under: Greta Thunberg | Greenhouse Gases | Finance
‘Missed opportunities’ on energy efficiency and cleantech: UK’s green economy reacts to mini-Budget - edie
2022-10-02 (or before) in Edie AwardsThought leaders and key organisations from across the UK’s green economy have voiced disappointment that Chancellor Kwasi Kwarteng did not use his mini-Budget or Growth Plan to announce new energy efficiency measures to safeguard homes and businesses in the longer term.
Tagged under: Finance
A dynamic model of nonviolent resistance strategy
2022-08-08 (or before) in PLOS - Open ScienceWhy have some nonviolent revolutions succeeded even with modest participation numbers, while others have failed despite massive mobilization? We develop an agent-based model that predicts the outcomes of three well-known activism strategies. The first rapidly recruits a wide number of activists, which overwhelms the opponent’s support network and encourages large-scale defections. In the second, activists who have already mobilized remain committed to success and inspire other civilians to protest even when they are unable to protest themselves. In the third strategy, campaigns focus their energy and influence directly on ...
Tagged under: Activism | Predictions | Finance
Parliament votes to give green labels to nuclear and gas
2022-07-06 in PoliticoSuch power plants will be allowed to be marketed as sustainable investments on financial markets.
Tagged under: Nuclear Power | Fossil Fuels | Electricity | Russia | Finance
Water Risk Is a Financial Risk: Companies Will Soon Have the Tools to Calculate, Disclose and Mitigate It
2022-07-05 in sustainablebrands.comFor too long, investors have lacked the data and analytics to make well-informed investment decisions around the financial risks of water impacts. That is about to change.
Tagged under: Finance
White House official blasts 'outrageous' oil profits, leaves door open to windfall profit tax | CNN Politics
2022-06-09 by in CNNA White House official is strongly criticizing Big Oil for banking huge profits in the wake of Russia's invasion of Ukraine, which the administration has blamed for soaring gas prices.
Tagged under: Joe Biden | US Politics | Russia | Finance
The clean energy claims of BP, Chevron, ExxonMobil and Shell: A mismatch between discourse, actions and investments
2022-05-02 (or before) in PLOS - Open ScienceThe energy products of oil and gas majors have contributed significantly to global greenhouse gas emissions (GHG) and planetary warming over the past century. Decarbonizing the global economy by mid-century to avoid dangerous climate change thus cannot occur without a profound transformation of their fossil fuel-based business models. Recently, several majors are increasingly discussing clean energy and climate change, pledging decarbonization strategies, and investing in alternative energies. Some even claim to be transforming into clean energy companies. Given a history of obstructive climate actions and “greenwashing&rd...
Tagged under: BP | Shell | Exxon | Greenhouse Gases | Climate Change | Chevron | Fossil Fuels | Finance
A mechanism that can change the world | Stefan Brunnhuber | TEDxDresden
2022-03-05 (or before) in YouTubeEnding poverty. Offering education to everyone. Saving our environment. Transforming into a sustainable and fair society is possible but it is very expensive...
Tagged under: Economics | Sustainability | Finance
Lake Malawi's Fish Defy Death - While Their World Heritage Home Is Threatened | We Don't Have Time
2022-02-28 (or before) in app.wedonthavetime.orgBy Jeffrey Barbee January 27, 2022 In the shallow rocky waters below a high granite outcrop a fish lies sideways, fallen onto the sand below. Its skin the hue of a rotting corpse, the fish is unmoving, apparently dead. But looks can be deceiving. As scavenger fish approach, the play-dead fish springs into action, snapping up the would-be eaters in a flurry of motion. One of hundreds of new fish species discovered in the warm waters of Lake Malawi in the last four decades, the play-dead fish’s only home is now in danger of being destroyed. Play dead fish Nimbochromis livingstonii. Picture: Ken McKaye/allianceearth.org Lake...
Tagged under: Deforestation | Extreme Weather | Africa | Fish | Rivers | Insects | Legislation | Electricity | Health | Trees | Finance
Harmful subsidies: why is the world still funding the destruction of nature?
2022-02-17 in The GuardianGovernment-financed support in sectors including agriculture, fossil fuels and water is incentivising the annihilation of the natural world. But reforming the system is politically fraught
Tagged under: Deforestation | Farming | Wildlife | Fossil Fuels | Trees | Finance
Financial institutions calling on governments to align financial flows with global biodiversity goals – Finance for Biodiversity Pledge
2022-02-17 (or before) in Finance for Biodiversity FoundationTagged under: Finance
Electrify
2022-02-11 (or before) in MIT PressAn optimistic—but realistic and feasible—action plan for fighting climate change while creating new jobs and a healthier environment: electrify everything.Climate change is a planetary emergency. We have to do something now—but what? Saul Griffith has a plan. In Electrify, Griffith lays out a detailed blueprint—optimistic but feasible—for fighting climate change while creating millions of new jobs and a healthier environment. Griffith's plan can be summed up simply: electrify everything. He explains exactly what it would take to transform our infrastructure, update our grid, and adapt our households...
Tagged under: Climate Change | Electric Cars | US Politics | Cars | Health | Electricity Grid | Finance
Water firms Thames, Yorkshire and Southern pay NO tax | This is Money
2022-01-31 (or before) in This is MoneyThey forked out a total of £1.4billion to service massive debts and satisfy other charges. This wiped out their profits and therefore their corporation tax liabilities.
Tagged under: Finance
GRAPHIC CONTENT – Floods wipe out livestock in northern Kenya
2022-01-26 (or before) in YouTubeThe carcasses of goats and sheep strewn across the scrubland of northern Kenya are testament to the devastation wrought by the once-in-a-generation floods th...
Tagged under: Joe Biden | Finance
EU green finance advisors slam Brussels over nuclear, fossil gas
2022-01-25 (or before) in EURACTIVThe group of experts advising the European Commission on green finance has criticised plans by Brussels to label gas and nuclear power as a “transitional” source of energy under the EU’s sustainable finance taxonomy.
Tagged under: Nuclear Power | Finance
What is the EU’s ‘taxonomy’ for sustainable finance, and will states agree on it?
2022-01-25 (or before) in China Dialogue | China environment and climate newsThe system classifying sustainable economic activities has divided the bloc’s member states but could be headed for a compromise solution
Tagged under: Finance
We can afford to reverse poverty and climate breakdown. What we can’t afford is the alternative | Kevin Watkins
2022-01-24 in The GuardianOur global finance system is failing to rise to the challenges we face. It’s time it was reimagined – and grounded in our shared humanity
Tagged under: Economics | Finance
Exxon Announces Weak Net Zero Pledge
2022-01-20 (or before) in Gizmodo | The Future Is HereThe company announced it plans to reach net zero carbon emissions by 2050. There are just a few teeny, tiny problems.
Tagged under: Renewable Energy | Shell | Exxon | Greenhouse Gases | Chevron | Net Zero | Finance
Here’s how to repay developing nations for colonialism – and fight the climate crisis | Michael Franczak and Olúfẹ́mi O Táíwò
2022-01-14 in The GuardianThe IMF allots voting rights and emergency funds according to an outdated and unfair quota system established in 1944, before most colonies were free. Let’s change it
Tagged under: COP26 | Climate Change | Colonialism | Finance
Sustainable Investing Is Mostly About Sustaining Corporations
2021-12-12 (or before) in BloombergWall Street uses ESG ratings to boost “sustainable” labels on stock and bond funds—but what do these ratings really measure?
Tagged under: Capitalism | ESG - Environmental, Social and Governance | Finance
Mia Mottley: the 'fearless' leader pushing a global settlement for the climate frontlines
2021-11-18 in Climate Home NewsThe first female prime minister of Barbados is elevating wonky discussions on the future of global finance to the highest political level
Tagged under: Caribbean | Finance
Fossil Fuels in the COP Decision Text: Why the U.S., not India, is the problem - ActionAid USA News
2021-11-14 (or before) in ActionAid USAThe United States government is poised to get what it wanted out of COP26: namely, no new obligations on climate finance or loss & damage, two of the
Tagged under: USA | COP26 | Fossil Fuels | Finance
COP26: Deal to end public funding for unabated fossil fuels by 2022
2021-11-04 in DRILL OR DROP? - Independent journalism on UK fracking, onshore oil and gas and the reactions to itMore than 20 countries and institutions have committed to ending international public finance for unabated coal, oil and gas by the end of 2022.
Tagged under: COP26 | Coal | Fossil Fuels | Finance
State of Climate Action 2021: Systems Transformations Required to Limit Global Warming to 1.5°C
2021-10-28 (or before) in World Resources InstituteLimiting global warming to 1.5°C requires far-reaching transformations across power generation, buildings, industry, transport, land use, coastal zone management, and agriculture, as well as the immediate scale-up of technological carbon removal and climate finance. This report translates these transitions into 40 targets for 2030 and 2050, with measurable indicators.
Tagged under: Finance
Rich countries break ‘totemic’ $100B annual climate pledge
2021-10-25 in PoliticoThat undermines a bargain where developing countries were to cut emissions in return for climate finance.
Tagged under: Joe Biden | COP26 | Africa | Climate Change | Finance
Climate finance: rich countries aren't meeting aid targets – could legal action force them?
2021-10-07 (or before) by in The ConversationRich countries have promised to compensate poor ones for the impacts of climate change.
Tagged under: Climate Change | Climate Change Impacts | Finance
Utilities Took Public Money, Turned People’s Lights Off During Pandemic
2021-09-30 in Gizmodo | The Future Is HereSome of the country's most powerful utilities took public money and then just kept disconnecting customers in the midst of a public health emergency.
Tagged under: California | Health | Finance
Alok Sharma: COP26 is for ordinary people, not just climate warriors
2021-09-24 (or before) by in New ScientistTagged under: COP26 | Climate Change | Finance
Meeting Cop26 finance goals ‘going to be tough’, says Boris Johnson
2021-09-20 in The GuardianPrime minister estimates just 60% chance of securing $100bn in aid pledges before Glasgow conference
Government preps autumn green bond and pension push, but tensions over net zero plans remain
2021-09-06 in Business GreenDebate over how to fund raft of net zero programmes looks set to dominate the coming months
Tagged under: COP26 | Rishi Sunak | Net Zero | Finance
‘Use your £11bn climate fund to pay for family planning,’ UK told
2021-08-26 in The GuardianMore than 60 NGOs call for spending rule change, saying people on frontline of climate crisis want greater access to reproductive healthcare
Tagged under: COP26 | Climate Change | Health | Women and Children | Finance
As the Taliban seizes control of Afghanistan, coal is a key source of revenue
2021-08-26 in Climate Home NewsMining was a major source of finance for the Taliban resurgence in Afghanistan and has strategic importance as the militants seek to govern
Swedish Group Delivers the World’s First Batch of Green Steel
2021-08-20 in Gizmodo | The Future Is HereHYBRIT, a partnership between a mining firm, an electric utility, and a steel company, made the world's first delivery of clean steel to Volvo. It's a huge leap.
Tagged under: Greenhouse Gases | Climate Change | Finance
Prudential in talks to buy out and shut coal-fired plants in Asia
2021-08-03 in The GuardianScheme with Asian Development Bank could help make big progress on climate goals, says insurer
Tagged under: Insurance | Coal | Fossil Fuels | Finance
Banking on Climate Chaos 2021 - Banking on Climate Chaos
2021-07-05 (or before) in Rainforest Action NetworkRunaway funding for fossil fuel extraction and infrastructure fuels climate chaos and threatens the lives and livelihoods of millions. In the 5 years since the Paris Agreement, the world’s 60 biggest banks have financed fossil fuels to the tune of $3.8 trillion.
Tagged under: Fossil Fuels | Finance
New Florida Law Mandates Cities Keep Using Fossil Fuels
2021-06-26 in Gizmodo | The Future Is HereFlorida just took a huge step backward in the clean energy revolution. Gov. Ron DeSantis signed a piece of legislation into law earlier this week that requires Florida cities and towns to keep using fossil fuels.
Tagged under: Florida | Climate Change | Economics | Fossil Fuels | Legislation | Sustainable Cities | Finance
Politics Is Now The Battleground For Climate Change Says Leading U.K. Scientist
2021-06-26 (or before) by in ForbesLeading climate experts have launched an international advisory group with a program aimed at mitigating the consequences of climate change through emissions reduction, greenhouse gas removal, and climate repair.
Tagged under: Greenhouse Gases | Climate Change | Finance
The Big Smoke: the global emissions of the UK financial sector
2021-06-03 (or before) in GreenpeaceThe UK’s 'financed emissions' likely representing one of the country's most significant contributions to climate change.
Tagged under: Climate Change | Greenpeace | Finance
'A pathway to a brighter future': IEA unveils landmark net zero global energy roadmap
2021-05-18 in Business GreenDelivering net zero energy is achievable but 'perhaps the greatest challenge humankind has ever faced', says IEA
Tagged under: COP26 | Net Zero | Finance
Out of the window? Green monetary policy in China: window guidance and the promotion of sustainable lending and investment - Grantham Research Institute on climate change and the environment
2021-05-14 (or before) in London School of EconomicsInvestigating the use of the green monetary policy tool ‘window guidance’ in China, the authors draw lessons for the design of green finance policies for other countries that seek to enhance sustainable finance and mitigate climate change and related risks.
Tagged under: Climate Change | Wind Power | Finance
Making money work for climate
2021-04-27 (or before) in reclaimfinance.orgMAKING MONEY WORK FOR CLIMATE All public actors must take responsibility and fight the climate emergency. Yet, central banks—the pillars of our economy—remain dangerously passive. Central banks can significantly influence how polluting and “green” activities are financed. They supervise the monetary and financial system
Tagged under: Finance
Total signs deal to build East African oil pipeline, despite lack of finance
2021-04-12 by in Climate Home NewsUganda and Tanzania have given political backing to the 1,445km East African Crude Oil Pipeline, but climate campaigners are deterring investment
Tagged under: Africa | Finance
Boris Johnson told to get grip of UK climate strategy before Cop26
2021-04-12 in The Guardian‘Worrisome’ policy decisions could undermine UK leadership and the talks themselves, say senior climate experts
World's top emitters a long way from aligning with climate goals | Reuters
2021-03-23 (or before) in ReutersThe world's biggest carbon-emitting companies are far from aligning with the Paris Climate Agreement, a report by the leading climate-focused investor group showed on Monday.
Tagged under: Climate Change | Africa | ESG - Environmental, Social and Governance | Japan | Food Production and Consumption | Finance
UK climate leadership seen weakened by aid cut for world's poor | Reuters
2021-03-16 (or before) in ReutersBritain's decision to cut its aid budget will likely dent its reputation on the global diplomatic stage and may weaken a push for other wealthy governments to find more funding to help poor nations tackle climate change, aid groups and think-tanks said.
Tagged under: Climate Change | Africa | Finance
Report: 2 in 3 banks have no commitments to stop financing deforestation
2021-03-06 (or before) in Edie AwardsSome 95 of the world's largest 150 banks and investment firms have not published policies to prevent the companies they finance from destroying forests, with laggards including BlackRock and Wells Fargo.
Tagged under: Deforestation | Trees | Finance
Mark Carney Walks Back Brookfield Net-Zero Claim After Criticism
2021-03-05 (or before) in BloombergBy describing Brookfield’s $600 billion portfolio as carbon neutral, a key climate-finance leader provoked a backlash by questioning what ‘net zero’ really means
Tagged under: Renewable Energy | Net Zero | Finance
Liebreich: Climate and Finance – Lessons from a Time Machine | BloombergNEF
2021-03-03 in BloombergNEFThe global economy’s pivot to low carbon is gathering momentum. By the time of COP26 in Glasgow in November this year, countries responsible for 78% of global GDP will have pledged net-zero emissions by 2050 or, in the case of China and Brazil, 2060.
Tagged under: COP26 | Net Zero | Economic Growth | Finance
The climate crisis can't be solved by carbon accounting tricks | Simon Lewis
2021-03-03 in The GuardianDisaster looms if big finance is allowed to game the carbon offsetting markets to achieve ‘net zero’ emissions, says climate scientist and writer Simon Lewis
Tagged under: COP26 | Greenhouse Gases | Fossil Fuels | Net Zero | Finance
EDO Challenges HSBC and Barclays Over Finance for Vietnamese Coal Plant - Environmental Defenders Office
2021-03-01 in Environmental Defenders OfficeUPDATE: The Japan Bank for International Cooperation (JBIC) has announced it will stop funding overseas coal power projects. It comes just weeks after EDO’s Safe Climate team challenged Barclays and HSBC over their involvement in a JBIC fund, which is financing a new coal fired power plant in Vietnam. Both HSBC and Barclays publicly committed [...]Read More...
Tagged under: Coal | Japan | Finance
Arabesque - Sustainable Finance
2021-03-01 (or before) in arabesque.comArabesque brings together AI, ESG data and financial technology to deliver sustainable investment and intelligence.
Tagged under: ESG - Environmental, Social and Governance | Finance
China Can Help Solve the Debt and Environmental Crises | Global Development Policy Center
2021-02-19 (or before) in Boston UniversityTagged under: Finance
Call to tax international flights to raise climate funds for poor countries
2021-02-18 in The GuardianSix experts say failure to reform climate finance risks undermining trust in Paris agreement
Tagged under: COP26 | Greenhouse Gases | Finance
How Much the Oil and Gas Industry Paid Lying Texas Republicans
2021-02-17 (or before) in Earther | GizmodoAs the crisis of rolling blackouts in Texas unfolds this week, some of the state’s loudest Republican politicians are falsely dragging “frozen wind turbines” as the cause. But behind the wind energy smears is a dizzying amount of fossil fuel money.
Tagged under: Chevron | Economics | Texas | Wind Power | Finance
Capitalism Is Struggling With the Language of Climate Change
2021-02-10 (or before) in BloombergThe technical terminology of science can sometimes be muddled in powerful climate messages from finance and political leaders.
Tagged under: Joe Biden | Greenhouse Gases | Climate Change | Capitalism | Finance
Rich countries must update financial vows to tackle climate crisis, says UN
2021-02-04 in The GuardianPatricia Espinosa says fulfilling $100bn-a-year promise must be top priority to support developing world
Climate crisis: FTSE giants fail to disclose their carbon footprint
2020-12-13 in The GuardianBP, Glencore, Rolls-Royce, Just Eat and B&M among last eight firms yet to provide investors with information
Tagged under: BP | Greenhouse Gases | Finance
Biodiversity Risk, Natural Capital and actuarial practice | Blog by Aled Jones et al
2020-12-03 in CUSP | Centre for the Understanding of Sustainable ProsperityA new cross-sector work programme has been launched by CUSP researcher Aled Jones together with the Institute and Faculty of the Actuaries, to take forward a series of activities including think pieces, webinars and external engagement to ensure the proactive engagement of the actuary profession with the importance, perils and impacts of global biodiversity risks. This blog is outlining the agenda.
Tagged under: Finance
Bank of America Says It Won’t Finance Oil and Gas Exploration in the Arctic
2020-12-01 (or before) in BloombergBank of America Corp. said that it won’t provide project financing for oil and gas exploration in the Arctic after facing opposition from environmentalists.
Tagged under: Arctic | Washington State | Finance
Climate Bonds Initiative
2020-11-27 (or before) in Climate Bonds Initiative | Mobilizing debt capital markets for climate change solutionsMobilizing debt capital markets for climate change solutions
Tagged under: Climate Change | Finance
What’s the Value of a Whale? | Novara Media
2020-10-16 (or before) in Novara MediaThe natural world, some claim, could be saved from destruction if only we established its monetary worth. In the first piece of a new series on isolation, connection and environmental breakdown, Adrienne Buller argues it’s time to free nature from finance.
Tagged under: Whales and Dolphins | Finance
Academic Citations on the Pitfalls of Congressional Transparency
2020-10-15 (or before) by in The Congressional Research InstituteVia increased transparency Congress has gotten more corrupt and lobbyists have gained power. This dynamic drives climate change, the debt, incarceration and partisanship. We compile academic on this topic and investigate its roots in the Legislative Reorganization Act of 1970
Tagged under: US Politics | Climate Change | Finance
Mark Carney says banks should link executive pay to Paris climate goals
2020-10-13 in The GuardianEx-Bank of England boss tells UN summit that boardroom pay link can help meet climate targets faster
Tagged under: COP26 | Greenhouse Gases | Climate Change | Finance
Big bang theory: how blowing up a Transit van wiped out £1m of debt
2020-09-15 in The GuardianHilary Powell and Dan Edelstyn filled a gold van with £1m in banknotes then blew it up. As their film Bank Job hits the screens, the art avengers explain how they took on toxic debt culture – and won
Tagged under: Finance
Insurance giant Suncorp to end coverage and finance for oil and gas industry
2020-08-21 in The GuardianSuncorp’s decision to pull out of industry by 2025 puts it at odds with government push for gas-led recovery
Tagged under: Insurance | Fossil Fuels | Finance
Climate Change
2020-06-20 (or before) in World BankLatest news and information from the World Bank and its development work on Climate Change. Access facts, statistics, project information, development research from experts and latest news about Climate Change.
Tagged under: Carbon Pricing | Renewable Energy | Climate Change | Finance
The Stark Racial Inequity of Personal Finances in America (Published 2020)
2020-06-09 in The New York TimesTagged under: Finance
Responsible Investor | The latest thinking on sustainable finance for investors
2020-05-16 (or before) in responsible-investor.comResponsible Investor's aim is to lead strategic, sustainable change in financial markets through thought-leadership, proprietary journalism, events and community building amongst business professionals.
Tagged under: Finance
Exclusive: U.S. banks prepare to seize energy assets as shale boom goes bust | Reuters
2020-04-14 (or before) in ReutersMajor U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters.
Tagged under: Finance
Triodos Annual Report 2019 Summary
2020-04-01 (or before) in Annual Report 2021 SummaryIn this shortened online report you will find a number of films featuring the extraordinary work of the sustainable companies we finance, a brief video and our key financial and impact performance. The full, audited 2019 Annual Report is also available, as well as a summary of Triodos Bank’s activities in the UK during the year.
Tagged under: Finance
Pope urges politicians to take 'drastic measures' on climate change | Reuters
2020-03-10 (or before) in ReutersPope Francis challenged governments on Sunday to take "drastic measures" to combat global warming and reduce the use of fossil fuels, saying the world was experiencing a climate emergency.
Tagged under: Wildfires | Climate Change | Africa | Forest Fires | Fossil Fuels | Pope Francis | Finance
Teck Resources pulling application for Frontier oil sands mine - The Globe and Mail
2020-02-23 in The Globe and Mail: Canadian, World, Politics and Business News & AnalysisThe Teck mine had already passed a lengthy regulatory review and Ottawa was expected to decide this week whether to approve the project
Tagged under: Oil Industry | Canada | Climate Change | Economics | Finance
The European Green Deal will bypass the poor and go straight to the rich | Daniela Gabor
2020-02-19 in The GuardianFor all the talk of retraining Polish miners, this fund will most likely line the pockets of the carbon finance elites, says economist Daniela Gabor
Tagged under: Finance
The Great Affordability Crisis Breaking America
2020-02-09 (or before) by in The AtlanticIn one of the best decades the American economy has ever recorded, families were bled dry.
Tagged under: Housing | Economic Growth | Health | Economics | Finance
'They're Trying to Wipe Us Off the Map.' Why Independent Farming in America Is Close to Extinction
2020-01-24 (or before) in TIME MagazineA perfect storm of factors has lead to the biggest crisis for American farmers in decades.
Tagged under: Farming | Finance
Guest view: Extinction Rebellion, finance’s friend
2020-01-24 (or before) in BreakingviewsThe radical UK climate movement may sound like the corporate sector’s last idea of a kindred spirit. But spokesperson Rupert Read argues its focus on fast, deep carbon reductions are simple common sense, for financiers too. That’s why he is in Davos this week.
Tagged under: Extinction Rebellion | ESG - Environmental, Social and Governance | Sustainability | Finance
IMF chief 'couldn't sleep' after reading climate report: 'What have we done?'
2020-01-24 (or before) in Yahoo Finance - stock market live, quotes, business & finance news'The big eye opener was when last year I read IPCC report,' Kristalina Georgieva said. 'I tell you, I could not sleep that night.'
UK solar company secures funding to build two major solar plants in Spain - Business Leader News
2020-01-22 in Business News - Business LeaderUK-based solar energy company, Solarcentury, has secured new financing to build two of the largest solar plants in Spain demonstrating the UK’s leadership on climate change. UK Export Finance (UKEF), the […]
Tagged under: Spain | Solar Energy | Climate Change | Finance
BlackRock C.E.O. Larry Fink: Climate Crisis Will Reshape Finance (Published 2020)
2020-01-14 in The New York TimesTagged under: Climate Change | Finance
Banking on Climate Change 2019 - Banking on Climate Chaos
2020-01-10 (or before) in Rainforest Action NetworkFossil Fuel Finance Report Card 2019 - The tenth annual fossil fuel finance report card grades banks on their fossil fuel-related policy commitments and calculates their financing for fossil fuels since the Paris Agreement.
Tagged under: Climate Change | Fossil Fuels | Finance
Pension funds urge Barclays to stop lending to fossil fuel firms
2020-01-08 in The GuardianInstitutional investors file resolution for AGM of bank to phase out loans to fossil fuel projects or companies
Tagged under: Greenhouse Gases | Finance
Development Priorities Evidence Program | 3ie
2019-12-28 (or before) in 3ieLaunched in 2015, this program focused on generating evidence in priority sectors closely aligned to the Sustainable Development Goals. 3ie supported 14 rigorous, high-quality impact evaluations in four sectors: environment, governance, infrastructure and public finance. UK’s Foreign, Commonwealth & Development Office (formerly DFID) funded this work.
Tagged under: Finance
Carbon offsets have patchy human rights record. Now UN talks erode safeguards
2019-12-09 in Climate Home NewsA new global carbon market could unleash finance for projects around the world. But protections for local communities were weakened in draft rules at Cop25
Tagged under: Finance
UN appoints Mark Carney to help finance climate action goals
2019-12-01 in The GuardianBank of England governor steps down in January and will replace Michael Bloomberg
Tagged under: Finance
Exxon’s Credit Rating Outlook Lowered by Moody’s on Cash Burn
2019-11-20 (or before) in BloombergExxon Mobil Corp. had the outlook on its top-notch debt rating lowered by Moody’s Investors Service Inc. to negative due to a “substantial” cash burn to fund growth.
Canada's farmers pushed to the brink by politics, weather and banks
2019-11-18 in The GuardianPoor conditions coupled with dismal harvests are taking a severe toll on workers’ mental health
Tagged under: Farming | Health | Finance
UK to use finance meant for green energy to support fracking in Argentina
2019-10-22 in The GuardianDocuments show government’s £1bn commitment in 2017 later prioritised support of major oil companies
Tagged under: Argentina | Renewable Energy | BP | Shell | Fracking | Fossil Fuels | Finance
Bank of England boss says global finance is funding 4C temperature rise
2019-10-15 in The GuardianMark Carney says capital markets are financing projects likely to fuel a catastrophic rise in global heating
Tagged under: Greenhouse Gases | Economics | Finance
No 10 hands Jaguar Land Rover £500m loan guarantee to develop electric cars
2019-07-15 in The GuardianMeeting of carmakers also told of plan for new houses to have EV charging point
Tagged under: Greenhouse Gases | Electric Cars | Cars | Finance
How sustainable finance can tackle the climate emergency - Social Market Foundation.
2019-07-12 (or before) in The Social Market Foundation | BritainÕs Leading Cross-Party Think-TankThis collection of essays published by the Social Market Foundation think-tank and the Chartered Banker Institute focuses on green finance and the role that financial services can play in delivering environmental goals. Contributors include: Mary Robinson and Sir Roger Gifford.
Tagged under: Finance
European rail operators call for end to tax-free status of aviation fuel
2019-06-21 in International Railway JournalEuropean rail operators have called on the European Union’s (EU) finance ministers to end the tax-free exemption of aviation fuel.
Tagged under: Trains | Finance
More than 5m people in Britain suffer low-paid, insecure work
2019-06-11 in The GuardianLiving Wage Foundation research study shows families struggling to make ends meet
Tagged under: Economics | Finance
Britain fell for a neoliberal con trick – even the IMF says so | Aditya Chakrabortty
2018-10-17 by Aditya Chakrabortty in The GuardianThe fund reports that Britain’s finances are weaker than all other nations except Portugal, and says privatisation is to blame, says Guardian columnist Aditya Chakrabortty
Tagged under: Economics | Finance
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