Climate Links:
investment
Offshore oil is about to surge
Article
· English · Paywall
Spending on new offshore oil projects over the next two years is projected to soar to levels not seen in a decade. The revival comes amid increasingly dire warnings about global warming.
A Core Question at COP27: Who Will Pay for Climate Change?
Article
· English · Paywall
United Airlines, five other companies launch effort to develop sustainable aviation fuel
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United Airlines and five corporate partners are investing $100 million to launch a fund backing sustainable aviation fuel. Joining United are Air Canada, Boeing, GE Aerospace, JPMorgan Chase and Honeywell. United will allow some customers to donate to the fund in exchange for 500 United MileagePlus frequent flyer miles.
Can investors change an oil company from within?
Podcast
· English
How vulnerable is Wall Street to climate change? The Fed wants to find out
Article
· English
The Federal Reserve is putting the country's biggest banks to a test
‘Top 1%’ of emitters caused almost a quarter of growth in global emissions since 1990
Article
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The study, published in Nature Sustainability, highlights the inequality in peoples’ greenhouse gas footprints – a cornerstone of the climate justice movement.
Record clean energy spending is set to help global energy investment grow by 8% in 2022
Blog
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Driven by renewables and energy efficiency – as well as rising costs – today’s levels of capital spending are still far from sufficient to tackle the energy and climate crises
Nations Must Increase Funding to Cope With Climate Shocks, U.N. Warns
Article
· English · Paywall
Failing to help developing nations brace for disruption will lead to increased conflict and widespread suffering, the United Nations wrote in a new report.
Switzerland Is Paying Poorer Nations to Cut Emissions on Its Behalf
Article
· English · Paywall
The agreements raise concerns that other countries will follow suit, delaying more difficult cuts of greenhouse gas emissions in wealthier nations.
Cracking Down on a Wall Street Trend: E.S.G. Makeovers
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· English · Paywall
In recent years, financial firms have revamped dozens of mutual funds into E.S.G. dedicated funds — seeking to cash in on growing demand for such investments.
Pakistan: Flood Damages and Economic Losses Over USD 30 billion and Reconstruction Needs Over USD 16 billion - New Assessment
Paper
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Post-Disaster Needs Assessment calls for urgent support to implement a Recovery and Reconstruction that ‘Builds Back Better’
Inside the Global Race to Turn Water Into Fuel
Article
· English · Paywall
Hundreds of billions of dollars are being invested in a high-tech gamble to make hydrogen clean, cheap and widely available. In Australia’s Outback, that starts with 10 million new solar panels.
ESG AND CRYPTO INVESTMENT - A CONFLICT OF INTEREST?
Blog
· Deutsch
Because of their energy-intensive validation mechanisms, some blockchain protocols have come under criticism. Although a European ban on the particularly energy-hungry proof-of-work process is off the table, at least for now, upcoming sustainability regulations may hold the next challenge for these types of protocols.
World Bank criticised over climate crisis spending
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Oxfam research suggests up to 40% of bank’s reported climate-related spending cannot be accounted for
SEC Charges Goldman Sachs Asset Management for Failing to Follow its Policies and Procedures Involving ESG Investments
Blog
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The Securities and Exchange Commission today charged Goldman Sachs Asset Management, L.P. (GSAM) for policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance (ESG) investments. To settle the charges, GSAM agreed to pay a $4 million penalty.
Glasgow Financial Alliance for Net Zero
Organisation
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Accelerating the transition to a net-zero global economy
Climate Majority Project
Organisation
· English
Harnessing shareholder power to drive climate responsibility
Explainer: How can climate finance be increased from ‘billions to trillions’?
Article
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From the moment in the early 1990s when nations began grappling with the threat posed by climate change, money has been at the heart of discussions.
How Scotland pays back for Malawi climate damage
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Scotland is one of the first countries in the world to stump up cash for "loss and damage" caused by climate change in poorer countries.
Greenwashing in times of Ukraine war and energy crisis
Blog
· Deutsch
In times of Ukraine war and energy crisis, allegedly sustainable funds have put additional money into fossil energy companies.
Norway’s $1.2 Trillion Investment Fund Sets 2050 Climate Target
Article
· English · Paywall
Who Pays the Bill for Climate Change?
Podcast
· English · Paywall
A plan led by Barbados could remake the way the world of finance deals with the climate crisis.
World Bank President, Dogged by Climate Questions, Will Step Down Early
Article
· English · Paywall
David Malpass, under fire for months by critics who accused him of climate denialism, said he would resign in June, a year before his term ends.
A ‘Rocking Chair Rebellion’: Seniors Call On Banks to Dump Big Oil
Article
· English · Paywall
Older climate activists gathered in cities around the country for a day of action targeting banks that finance fossil fuel projects.
After Decades of Resistance, Rich Countries Offer Direct Climate Aid
Article
· English · Paywall
Several European leaders at COP27 announced funds to help poor nations recover from loss and damage caused by climate change. The United States was silent.
How Environmentally Conscious Investing Became a Target of Conservatives
Article
· English · Paywall
The business world has been pulled into partisan politics, with Republicans bringing their battle against socially conscious investing to Congress.
Who Pays the Bill for Climate Change?
Podcast
· English
A plan led by Barbados could remake the way the world of finance deals with the climate crisis.
Scaling green businesses: Next moves for leaders
Blog
· English
New challenges—and opportunities—have emerged for green business builders. A set of actions could help companies scale during these uncertain times.
Greenwashing Champion DWS
Blog
· Deutsch
How the Deutsche Bank subsidiary's supposedly green funds got in on the fossil fuel boom in the crisis year 2022
A Sudden Rush to Make Sustainable Aviation Fuel Mainstream
Article
· English · Paywall
United Airlines and other companies have started a $100 million fund to invest in jet fuel that produces fewer greenhouse gases.
Funds Hit Brakes as Reclassifications Take Toll: ESG Regulations
Article
· English
Asset managers grappling with continuous ESG regulatory updates in the European Union may soon opt to fight back, rather than try to adapt to a moving target.
Intelligent data use for sustainable real estate investments
Article
· Deutsch
Financial service providers are increasingly confronted with the question of whether their own real estate portfolio is up to sustainability criteria and the consequences of climate change. Cloud technologies and intelligent handling of data can provide important answers.
Will Plans to Decarbonize the Aviation Industry Fly?
Blog
· English
Getting there by 2050 will require trillions of dollars in coordinated investments.
Silicon Valley Bank Collapse Threatens Climate Start-Ups
Article
· English · Paywall
The bank had relationships with more than 1,500 companies working on technologies aimed at curbing global warming.