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Top StoriesUS Treasury’s Top International Official Heads to Europe, Asia for Talks on Economy
Top StoriesNorway Says Fund to Reduce Amazon Deforestation in Brazil Back in Business
Top StoriesExclusive-World Bank Seeks More Funds to Address Climate Change, Other Crises -Document
Top StoriesTpg Carbon Credit Company Rubicon Carbon Raising $1 Billion
Global Economic Crisis Strangling Progress for Poor, Warns U.N. Development Chief
Date: November 10, 2022
By Laurie Goering SHARM EL-SHEIKH, Egypt (Thomson Reuters Foundation) – Decades of development progress are at risk as economies are pushed backward by climate change losses, the COVID-19 economic fallout, a growing cost-of-living crisis, and soaring debt and inflation, the U.N. development chief said at COP27 in Egypt. “We essentially document a regression – and...
EU Must Stick With Ukraine Despite Economic Pain -European Commission
Date: June 22, 2022
By Noah Browning BRUSSELS (Reuters) -Europe must keep up its support for Ukraine even as faltering Russian gas supplies raise recession fears, a senior EU official said, adding that a shift towards using coal to fill an energy gap would be temporary and not derail climate goals. The European Union and other developed economies have...
BlackRock Expects 75% of Company and Govt Assets to Be Net Zero-Aligned by 2030
Date: April 14, 2022
By Simon Jessop LONDON (Reuters) – BlackRock on Thursday projected that by 2030 at least three quarters of its investments in companies and governments will be tied to issuers with a scientific target to cut net greenhouse gas emissions to zero by 2050, up from 25% currently. It was the first time BlackRock, the world’s...
Debt for Climate – the Solution That Marries Economic Recovery With Climate Action?
Date: April 13, 2022
A debt-for-climate approach could be one way to offset the impact of the COVID-19 pandemic while supporting developing countries to tackle climate change, according to leading insurer Atradius UK. In its latest economic research report, Atradius found that many developing countries are facing a triple crisis in 2022. The impact of the pandemic is being...
World’s Top Banks Pumped $742 Billion Into Fossil Fuels in 2021 – Report
Date: March 30, 2022
By Simon Jessop LONDON (Reuters) – The world’s top banks provided $742 billion in finance to the fossil fuel industry in 2021, little changed on the prior year, a report on Wednesday showed, despite growing calls to rein in lending to help tackle global warming. Banks are increasingly in the crosshairs of investors and campaigners...
Three Banks Join Initiative for Voluntary Carbon Market Platform
Date: February 16, 2022
LONDON (Reuters) – Three more banks have joined an initiative to develop a new platform for settling transactions of voluntary carbon credits, the group of financial institutions behind the project said on Tuesday. Project Carbon was launched last year by financial institutions CIBC, Itaú Unibanco, National Australia Bank and NatWest Group to develop a new technology platform, called...