Banking

Too few rules on fossil fuels? The limitations of Mark Carney’s GFANZ alliance

One year ago at COP26 in Glasgow, ex-governor of the Bank of England Mark Carney announced that more than $130trn…

Top banks’ decarbonisation targets risk net-zero overshoot

On 9 November, to coincide with COP27’s ‘Finance Day’, the Net Zero Banking Alliance (NZBA) released its first progress report…

Tapping homeowner equity in pursuit of energy efficiency

The EU has a renovation problem. If its net-zero emissions goals are to be met, it needs to dramatically increase…

Banks need higher capital requirements for $1.35trn fossil fuels exposure – Finance Watch

The world’s 60 largest banks have around $1.35trn of exposure to fossil fuel assets, which will imperil global economic stability…

Russia sanctions slash $237bn off eastern Europe’s oil and gas pipeline

The West’s sanctions on Russia have led to a $237.5bn decline in the eastern Europe oil and gas project pipeline,…

The birth of the carbon removal market

The Intergovernmental Panel on Climate Change’s (IPCC) latest report revealed that all pathways to limit global warming to 1.5°C depend…

China freezes out 12.8GW of overseas coal projects

China’s “no new coal overseas” policy is already impacting the world’s coal power pipeline. Approximately 12.8GW of China-backed overseas coal projects…

Carbon budgets per sector show investors how to align with 1.5˚C

Scientists at the University of Technology Sydney (UTS) have defined what share of the remaining global carbon budget should go…

Leading lenders team up to decarbonise aviation

Six top lenders to the aviation sector – Bank of America, BNP Paribas, Citi, Crédit Agricole CIB, Société Générale and…

How Covid-19 is reversing energy access in the Global South

According to the World Bank, around 760 million people live without electricity, one billion more suffer from unreliable electricity for…