Remove Banking Remove Global Economy Remove Zero Carbon
article thumbnail

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

Net Zero 398
article thumbnail

11 young professionals on the future of sustainable finance

GreenBiz

With ESG gaining more attention and more companies committing to reaching net-zero emissions in the coming decades or otherwise pledging to do better by people and the planet, it’s inevitable that the next generation of professionals in the field will define the future of sustainable finance. Mecca Luster.

Net Zero 411
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

AccountAbility Joins With Global Commons Alliance and UN Climate Champions Team to Launch Navigator Addressing Nature and Climate Action

3BL Media

Global Commons Alliance Accountability Accelerator Executive Director. The World Bank estimates that the collapse of natural systems could erase US $2.7 trillion per year from the global economy by 2030. With over 25% of earth’s species at risk of permanent loss and credible net zero pathways to 1.5°C Matic, Ph.D.,

Net Zero 147
article thumbnail

FABLE Consortium co-leads "Transforming food systems" chapter of the 2022 Emissions Gap Report

Sustainable Development Network

It is a tall, and some would say impossible, order to reform the global economy and almost halve greenhouse gas emissions by 2030, but we must try,” said Andersen. For industry and transport, zero emission technology needs to be further developed and deployed.

UNEP 52
article thumbnail

This Week’s Fund News: Mediolanum Picks KBI, Pictet for Circular Fund

Chris Hall

Mediolanum International Funds is the European asset management platform of Medio lanum Banking Group. Invesco has launched its Invesco Environmental Climate Opportunities (ECO) Bond Fund , which offers UK investors income and growth while supporting the transition to a low-carbon global economy.

article thumbnail

Analyzing Carbon Offset Markets’ role in our journey to a net-zero world

Carlos Sanchez

In particular, we need to reduce 23 Gigatonnes by 2030 from the current 41 Gt emitted per year and achieve net-zero by 2050. In this context, several countries and companies have taken up the challenge, and currently, 90% of the global economy and a third of the 2,000 largest companies have net-zero pledges.

article thumbnail

Changing the Profitability Paradigm: A Key Report Aims to Rally Global Investors Behind a Sustainable Approach to Finance

James Militzer

And internationally, the Basel Accords were updated in the wake of that crisis, building upon the ongoing efforts of several key global economies to strengthen banking supervision and thereby promote stability in the financial world.

Banking 75