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Cryptocurrencies have been condemned over their environmental record at a time when traditional investments have been rapidly moving towards greener environmental, social and governance (ESG) values. So how long will it be until crypto earns its green credentials? Read the original article here.
Building on previous commitments that increase greeninvestments or restrict financing to certain high-emitting activities, recent pledges add to growing evidence that banks are taking a more holistic approach to the climate emergency. Featured in featured block (1 article with image touted on the front page or elsewhere).
Industrial players made an appearance, with chemical company Celanese and steelmaker Nucor both procuring clean energy capacity, reflecting early steps to decarbonize their industrial processes. In Oregon, Intel inked a deal with Portland General Electric (PGE) through that utility’s Green Future Impact program. . Sponsored Article.
According to La Banque Postale, the new impact debt fund, classified as Article 8 under the SFDR regulation, will provide long-term support for projects that make a substantial contribution to mitigating climate change or are committed to decarbonizing their operations. It will be deployed over a three-year period.
This article first appeared in Forbes. Many people are cautious about the intentions of companies that have committed to decarbonization and with some reason. The issue is not whether a company is over-selling green, the issue is how the barriers to selling green can be removed so that we can advance faster.
The authority’s plan also leaves the reputation of domestic financial players vulnerable if they blindly support investments in coal-fired power plants on the sole basis of the green label in the taxonomy. Their commitment to decarbonization becomes questionable, and their global relevance risks diminishing.
This article was first published in Forbes Today 100 CEOs announced a push for governments to boost the business case for greeninvestment, in the run-up to COP29 in Azerbaijan. C global warming target. The Climate Pledge has also encouraged successful public-private partnerships.
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