Banking
Financial giants have invested $1.5bn in dirty Bitcoin mining – Greenpeace
American Express, BlackRock, CitiGroup, Fidelity, Goldman Sachs, JPMorgan Chase, Mastercard, Vanguard and Visa have collectively invested $1.5bn in Bitcoin mining,…
Why climate stress tests are not fit for purpose
For decades, central banks have used stress testing to assess their resilience to various economic shocks such as a recession.…
How to get pension funds to invest in renewables in Africa
Among the myriad efforts that have been made to drum up sufficient climate finance to fund the clean energy transition…
Why the World Bank’s ‘Paris Alignment’ process could add fuel to the climate crisis
From 1 July of this year, the World Bank requires all of its new operations and investments in client countries…
To unleash the clean trillions we need more sticks, less carrots
The climate movement is beginning to stop the fossil fuel money pipeline – but that’s only half the problem. The reality…
Digital banks are raising the bar on sustainability
The banking industry plays a vital role in combatting global warming by funding solutions, yet it is so often overlooked…
Net-zero banks show little sign of slowing down fossil fuel financing
A criticism often levelled at Mark Carney’s Glasgow Financial Alliance for Net Zero initiative (GFANZ) and in particular its banking…
How to reform multilateral development banks to take on climate change
The Covid pandemic, the climate crisis, Russia’s energy blackmail, the threat of a third world war – it would be…
Are debt-for-climate swaps finally taking off?
Climate change is causing sea levels to rise faster than for 3,000 years, bringing a “torrent of trouble” to almost…
Weekly data: The growing mismatch between financial institutions’ net-zero targets and corporate transition plans
“We need transition plans,” said Mark Carney, former governor of the Bank of England and chair of the Glasgow Financial…