climate-change
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Bank Funding for Renewables Stagnates vs Oil and Gas – Report
Date: January 24, 2023
LONDON (Reuters) – The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years, raising questions about how fast lenders are pushing energy clients to become greener, according to research published Tuesday. Since 2016 renewable energy has taken 7% of a total $2.5 trillion in bank loans...
Davos 2023: What You Need to Know About the Wef on Wednesday
Date: January 18, 2023
By Kathryn Lurie DAVOS, Switzerland (Reuters) – Climate change came to the fore at the World Economic Forum’s annual meeting, where U.N. Secretary-General Antonio Guterres called on business leaders to follow the principles outlined by an expert group to make credible net-zero pledges or risk greenwashing. The United Nations and standard setter the International Organization...
Davos 2023: What You Need to Know About the Wef on Monday
Date: January 17, 2023
DAVOS, Switzerland (Reuters) – The World Economic Forum (WEF) returned to Davos for its first winter session in three years with high expectations. Record numbers of government officials and business leaders were expected at the elite annual affair. However, the shadow of impending recession hung over the snow-covered Swiss ski resort as two surveys warned...
ECB Can Cut Carbon Footprint by Shedding Bonds of Biggest Polluters
Date: January 16, 2023
By Virginia Furness and Francesco Canepa LONDON (Reuters) -The European Central Bank could radically cut the carbon footprint of its corporate bond portfolio by selling just 50 billion euros ($54.30 billion) of polluting companies’ debt, research shows, but analysts say this would risk big market distortions. The ECB’s green ambitions are in the spotlight after...
World’s Dams to Lose a Quarter of Storage Capacity by 2050 – UN Research
Date: January 12, 2023
SHANGHAI (Reuters) – Nearly 50,000 large dams worldwide could lose more than a quarter of their storage capacity by 2050 as a result of sedimentation build-ups, eroding global water and energy security, according to United Nations research on Wednesday. Dam capacity is expected to drop from 6 trillion cubic metres (cu m) to 4.655 trillion...
Environment Risks Dominate in “polycrisis” World – Wef Survey
Date: January 11, 2023
By Mark John (Reuters) – Failure to tackle climate change and environmental degradation dominate the ranking of top risks facing the planet in the next decade, a World Economic Forum (WEF) survey of global risk specialists found. Moreover, current-day challenges including the rising cost of living, persistent energy and food supply crunches and heavy national...