HSBC claims to exclude coal but they've left the door open on extraction in Vietnam.
… in Vietnam. HSBC stunned the world of climate finance campaigners with their new policy on finance for coal, tar sands and Arctic … most carbon intensive fossil fuels from its finance regimen. This came in the same few …
Banks are just as much to blame for the climate crisis as fossil fuel companies and corrupt governments. Campaigning for fossil free finance must be the climate movement's next step, writes CHRIS SALTMARSH
… for climate change - and demand fossil free finance Chris Saltmarsh | 4th September 2018 Comment Fossil Free Finance Climate Change Banks Fossil Fuels … governments. Campaigning for fossil free finance must be the climate movement's next …
Barclays Bank was the supporting partner for the UK Pavillion at the COP23 climate negotiations in Bonn. The exhibit is supposed to 'showcase the UK’s role in tackling climate change'. But Barclays has been a key contributor to the current climate crisis, financing fossil fuel extraction to the tune of $4bn in 2016 alone. KATIE HODGETTS calls out the bank, and the government.
… the Paris Agreement negotiations’. Finance agenda This article spoke of the … at COP23, co-hosting the Future of Green Finance drinks reception.’ And what did … climate change. I recognize how the green finance agenda will and should play an …
Banks like Barclays won't drop their investments in fracking and other fossil fuels if we ask nicely.
… time. As soon as possible.” Fossil fuel finance Some campaigners suspected that … popularity falling off a cliff edge in the finance and insurance sectors and its … budge on its deep commitment to fossil fuel finance. Bank accounts Alongside the carrot of …
The governor of the Bank of England recently argued that the risk to the stability of the financial system from climate change is a responsibility of central banks, writes Matthias Kroll. They can begin by using QE - 'quantitative easing' - to finance the Green Climate Fund, and so stimulate the economy, rescue the climate, and save the global financial system.
… Matthias Kroll | 25th November 2015 Comment Finance Climate Change Green Economy Economics … by using QE - 'quantitative easing' - to finance the Green Climate Fund, and so … Buying bonds to create new liquidity. To finance the Green Climate Fund, central banks …
The UK's 'Green Deal' energy efficiency scheme was a massive failure, writes Sue Roberts. But few knew just how bad until the NAO's report - which reveals that its main effect was to line the pockets of the Big Six energy companies, load the public with expensive loans, create a tangle of red tape, and engineer the collapse of the UK's nascent energy efficiency sector.
… Politics Energy Efficiency Corporations UK Finance insulation-cut.jpg The UK's 'Green … (NAO) on the Green Deal and the Green Deal Finance Company make shocking reading. … financially from households using Green Deal finance." Reading these two reports it rapidly …
France, Germany and other wealthy countries have positive policies on climate change, writes Steven Herz. So why are they handing out back door financing for new coal power stations abroad via 'export credits'? Over $5 billion from EU countries since 2007 ...
… Steven Herz | 11th June 2014 Comment Coal Finance Climate Change Trade Corporations EU … to stop exporting #climate chaos and #endcoalfinance - so OECD governments know that this … credits and guarantees for #coal! #endcoalfinance bit.ly/1hJSyFs - #Coal is not …
Will the Barclays Bank revised energy policy constitute ambitious action on climate change - or business-as-usual?
… the boundaries of climate action in private finance - in the same year that HSBC has … plentiful. Hence it's loophole allowing it to finance coal in the emerging markets of … leaders can demonstrate to the rest of the finance world that climate breakdown is a …
As negotiators haggle in Copenhagen over the levels of financial assistance to be provided to less-industrialised nations, Anna Da Costa highlights the difference this money could make
… Solar India: why climate finance is so important Anna Da Costa | 14th … to do the mission in part with international finance, they should [have] clearly … what is India asking to be internationally financed,' Pathak said. 'If India is …
Japan is the world's biggest financier of coal development, setting developing countries on a dirty, coal fired energy track. As President Obama visits Japan, Nicole Ghio urges Prime Minister Shinzo Abe to re-apply its coal billions to build a clean, renewable energy future.
Japan must stop financing coal Nicole Ghio | 23rd April 2014 Comment Renewables Energy Politics Japan coal-workers-shizuishan.jpg Japan is the world's biggest financier of coal development, setting …
Earth Overshoot Day takes place today. So we ask, is the finance sector bankrupting the planet?
… Day takes place today. So we ask, is the finance sector bankrupting the planet? Earth … in 2022 alone. Meanwhile, just 7% of energy finance from global banks went to renewables …
As the G20 meet in China this weekend, it's time for governments to finally get tough on the world's tax dodgers, write Dipti Bhatnagar & Sam Cossar-Gilbert. The missing tax revenues would be able to finance a 100% renewable electricity system covering half the planet by 2030 - a major step in raising living standards and tackling climate change.
… G20: Dodged taxes could finance renewable power for world's poorest … 2nd September 2016 Comment Energy Renewables Finance Politics Green Economy Corporations … The missing tax revenues would be able to finance a 100% renewable electricity system …
The world has watched the vertiginous collapse of the Icelandic economy in recent months with a mixture of fascination and horror.
… a lesson from the frontline of global finance Molly Scott Cato | 4th March 2009 Comment Iceland Economy Economics Finance Global Market Recession JObs Finance Globalisation Politics And Economics …
Forest carbon finance, through avoided deforestation, is at best a sticking plaster solution that fails to get to the roots of the problem, argues Harriet Williams
… Forest carbon finance fails root and branch Harriet Williams … Carbon Forests Natural World Forest carbon finance, through avoided deforestation, is at … such as the mining, agricultural and finance sectors whose operations often lead to …
The mighty Asian Development Bank is celebrating its 50th birthday this week in Yokohama, Japan, writes Hemantha Withanage. But the victims of ADB's $3 billion coal funding have little to be glad of - whether local communities impacted by mines and power stations, or people everywhere suffering climate change. ADB must stop financing coal now!
… Hemantha Withanage | 4th May 2017 Comment Finance Fossil Fuels Coal Sri Lanka … forests and the climate. The bank claims to finance development with the aim of … Pacific 3. Use their profile to lobby other finance institutions in the Asia Pacific …
The climate emergency is a lived reality across the Global South - we must have action not words from COP27.
… on the first day of the conference to provide finance for loss and damage. This commitment … said to “break the taboo” on doss and damage finance, a taboo which had proven highly … the Alliance of Small Island States in 1991. Finance Loss and Damage refers to the incurred …
Financial industries and regulators must consider the ethics of investments, particularly when it comes to climate change.
… Ecology and the ethics of finance Bruce Davis | 10th October 2018 Comment Ethics Finance Investment Divestment guidetofinance.jpg Financial industries and …
Surprise changes to the Finance Bill in its third reading have withdrawn tax benefits for investors in community renewable energy projects, writes Georgina Matthews. While some societies are rushing to complete their fund-raising by the end of the month, others have been forced to close. If these measures are not withdrawn, a small but flourishing sector will be at risk.
… Comment Energy Renewables Society Community Finance Green Economy UK abingdon-lock-cut.jpg Surprise changes to the Finance Bill in its third reading have … change to the third reading of the Finance Bill at the end of October could have …
The finance industry faces a 'wicked' problem, says Mark Carney, Governor of the Bank of England. Climate change creates risks that threaten the financial system to its foundations - but on a timescale beyond the usual horizon for investment decisions. The only way to reduce those risks is to act with unusual foresight - and avoid abrupt and destabilising transitions.
… Mark Carney | 5th October 2015 Comment Finance Climate Change tree-clouds-recut.jpg The finance industry faces a 'wicked' problem, … pursue that 2 degree world. And the role of finance? Earlier this year, G20 Finance …
Donors, NGOs and investors want to help grassroots sustainable energy enterprises grow, so they can bring the myriad benefits of clean and affordable energy to many more people, writes Emily Haves. But just what kind of support is needed?
… them as high risk. Speedier, more flexible finance So how can donors, investors, … are holding them back. The results focused on finance and technical assistance, and some … and mid-sized ones, have an urgent need for finance - particularly for working capital. …
Before rushing to finance projects in Africa and the Middle East, the European Bank for Reconstruction and Development (EBRD) should address its environmental and social lending criteria, says Fidanka Bacheva-McGrath
… Comment EBRD Politics And Economics Comment Finance Baku-Tblisi-Ceyhan Pipeline … Before rushing to finance projects in Africa and the Middle … and public sector projects in the areas of finance, infrastructure, industry and …
With the world's leading nuclear corporations facing bankruptcy due to ever escalating costs, 'unconstructable' reactor designs and financing risks, there's an easy way to finance the UK's new nuclear power stations, writes David Toke: pin the cost onto taxpayers. As for schools, hospitals, pensions, housing, social care and other public services, who needs 'em?
… February 2017 Comment Nuclear Energy Politics Finance UK Corporations cattenom-cut.jpg With … and financing risks, there's an easy way to finance the UK's new nuclear power stations, … of taxpayer guarantees on construction finance, EDF has been unable to summon up the …
Talk of a long-term climate deal to cut carbon emissions is allowing industrialised countries to delay taking action, says Murray Worthy from the World Development Movement
… reducing emissions is only part of the story. Finance is the other key part of any global … the global south. Developing countries need finance to help them adapt, and to help them … countries pledged $30 billion in ‘fast start’ finance for 2010-2012. Two years in, progress …
During the recent Climate Change Conference in Bonn the EU announced it was increasing its post-2020 climate budget by five percent to €320 billion. But as ARTHUR WYNS reports, the strategy and rules behind the spending is just as important as the amount
… a quarter the total budget. Defining climate finance From 2020 onwards the Paris Agreement … in which countries reduce their emissions, finance climate action and implement … is has not been clearly defined what climate finance means.” Untapped potential The green …