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ECB Stress Test: Banks’ Credit Risk Doubles by 2030 Under Slower Climate Transition

ESG Today

The accelerated transition scenario assumes a significant increase in energy costs in the near term, and substantially greater initial green investments, rising to €2 trillion by 2025, compared to only €0.5 trillion in the other.

Banking 130
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Zero: Oil industry’s plan for climate action? More fossil fuels

Corporate Knights

Not only have global oil producers generally failed to invest substantially in renewable-energy technologies; now they’re reneging on their green commitments. By our count in 2022 – seven years after the Paris Agreement – the vast majority of oil companies still earn less than 1% of their revenue from renewable sources.

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How the US Is Running Away with Green Investment

Chris Hall

In the race to net zero, Victoria Judd, Counsel at Pillsbury Winthrop Shaw Pittman, explains how the US is lapping the UK and EU in stimulating its green economy. trillion of annual global investments may be required to achieve the emissions reduction aims for 2030, with possibly 70% coming from the private sector.

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Here’s How Amazon’s Sustainability Pledge Is Going, 5 Years After Jeff Bezos Promised To ‘Beat The Paris Agreement’

We Mean Business Coalition

This article was first published in Forbes Today 100 CEOs announced a push for governments to boost the business case for green investment, in the run-up to COP29 in Azerbaijan. Beating the Paris Agreement’ is a huge statement to make. C global warming target. C, or “well below” 2°C, by the end of the century.

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Take Five: No Magic Green Wand

Chris Hall

The latitude given by the NZIA to member states to decide which projects get the magic ‘net-zero strategic’ label – thus qualifying for funding and permitting support – caused the World Wide Fund for Nature to describe the act as “hocus-pocus” that could undermine Europe’s 2030 targets. Just one more.

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Take Five: IPCC Chair Issues Spoiler Alert

Chris Hall

The last act of the IPCC’s Sixth Assessment Cycle, which started in 2015, the summary will outline our progress, or otherwise, in fulfilling the obligations of the Paris Agreement. In Westminster, we got slightly more than the green lights for nuclear and CCUS , as mentioned by Chancellor Jeremy Hunt in the House of Commons.

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ESG Bond Issuance to Quadruple by 2025

Chris Hall

According to the International Energy Agency, US$4 trillion of clean energy investment will be needed annually by 2030. A key factor in meeting demand for climate-positive investment could be the growth of climate-aligned bonds. “If ESG bond issuance reached US$1 trillion in 2021 for the first time according to Refinitiv.