climate-change
Top StoriesEU Approves Effective Ban on New Fossil Fuel Cars From 2035
Top StoriesNew British PM Sunak Will Not Attend COP27 Climate Summit
FinanceHow Financial Services Can Be Successful When It Comes to ESG Risk
Top StoriesEU Seeking Deals on Three Climate Laws in Time for U.N. Summit
EU Countries Seek Common Stance on Climate Compensation for COP27
Date: October 24, 2022
By Kate Abnett and Bart H. Meijer BRUSSELS (Reuters) -Ministers from European Union countries will attempt on Monday to agree their negotiating position for this year’s U.N. climate talks, including on the contentious topic of compensation for the damage climate change is inflicting on the world’s poorest. The EU, the world’s third-biggest emitter of greenhouse...
Italian Economy Faces Threat From Climate Change – Central Bank
Date: October 19, 2022
ROME (Reuters) – Rising temperatures risk stunting the growth of the Italian economy over the coming decades, with sectors such as agriculture and tourism among the hardest hit, a Bank of Italy research project said on Wednesday. The study highlighted the wider impact of climate change, saying that businesses in parts of the country prone...
Financial Services Firm Tiaa Faces Academic Backlash Over Energy Holdings
Date: October 19, 2022
By Ross Kerber (Reuters) – Climate-minded academics called on a United Nations-backed group to sanction financial services firm TIAA unless it improves its environmental record, highlighting the divide between nonprofits moving away from fossil fuels and big investors sticking with oil and gas stocks. Known for handling university professors’ retirement money, TIAA and its Nuveen...
BlackRock Creates Transition Capital Unit to Tap Climate Opportunities -Memo
Date: October 17, 2022
By Simon Jessop LONDON (Reuters) – BlackRock, the world’s biggest asset manager, has set up a unit called Transition Capital to invest in opportunities linked to the global shift to a low-carbon economy, a memo to staff seen by Reuters showed. BlackRock, which manages around $8 trillion in assets, said Transition Capital would work with...
Britain’s Ofgem to Urge Public to Reduce Energy Usage – Ft
Date: October 13, 2022
(Reuters) – Britain’s energy regulator Ofgem will on Thursday urge consumers to reduce their energy usage “where possible”, the Financial Times reported, less than a week after climate minister Graham Stuart said that the country would not ask its people to use less energy. The energy regulator’s move would come as it prepares to launch...
Banking in 2035: Trust, Climate Risks and Geopolitical Rivalry Shape a Purpose-Driven Industry, Forecasts Study
Date: October 12, 2022
By Alex Kwiatkowski, Director of Global Financial Services at SAS A new SAS-sponsored study by Economist Impact predicts three potential futures for banking, examining the risks and opportunities ahead As disruptive forces roil today’s financial sector, banking execs are scrutinising the evolving role of banks in the most competitive market they’ve ever faced. What does...