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China Stress Tests Find Default Risks in High-emitting Sectors

Chris Hall

Stranded assets, defaults in thermal power, steel and cement sectors may increase if companies do not shift to low-carbon alternatives. The People’s Bank of China (PBOC) has revealed the results of its first phase of climate risk stress tests of major banks in the country.

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The High Cost of Climate Inaction

3BL Media

C in the near-term, would cause unavoidable increases in multiple climate hazards and present multiple risks to ecosystems and humans.”. As the recent Intergovernmental Panel on Climate Change (IPCC) report on climate adaptation stated: “Global warming, reaching 1.5°C C goal will fall quickly out of reach.”.

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Investors to Hold US Banks and Insurers to Account on Climate

Chris Hall

AGMs to be held by Citi, Wells Fargo, and Bank of America on 25 April, and by Goldman Sachs on 26 April, are seen as key indicators of investment sentiment.

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Beware the Green Swan

Chris Hall

This curious conundrum arises, according Philipponnat, from the fact that economists are applying traditional financial risk models to evaluate climate risk, a practice that may not fully encapsulate the unprecedented challenges presented by the changing climate. The purpose is to evaluate the impact of climate change on the financial system.

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Listed Equities’ Carbon Well Exceeds Paris Target

Chris Hall

The exchanges, and the associated industry of banks, insurers, lawyers and financial services providers, are profiting from activities that are at odds with their countries’ climate commitments and that put investors at risk, the report said. . Nothing could be more clear or present than the danger of fossil fuel expansion.

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No Quick Fix to Europe’s Gas Dependency

Chris Hall

Even Germany’s decision to permanently shelve Nord Stream 2 , the partial ejection of Russian banks from Swift , and oil and gas majors exiting equity partnerships with Russian companies in recent days have been ignored by the former intelligence officer. Economic sanctions have so far failed to shake President Vladimir Putin’s resolve.

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Priorities for Financing Early Coal Retirement in Developing Countries

Chris Hall

These plants are expected to operate for decades and risk becoming “stranded assets” if they retire early. Its present JETP package includes only US$8.5 To keep pace with global climate targets, most of these plants under 10 years old must be retired by the time they are about 25, which presents unique challenges.