Banking

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The future of green finance

Green Finance is the funding of and investment in environmentally sustainable projects and infrastructure. It first became significant after the creation of the first green bonds in 2007, which are used by governments to raise the funds for green spending. However, it took another eight years for countries to start to show real interest in […]

July 18th

Global banks are supporting climate disaster

The evidence is in: Global banks don’t fight climate change, they support climate disaster. Despite the warnings coming from scientists on the Intergovernmental Panel on Climate Change (IPCC), they continue to invest in the fossil fuels industry.   By Claude Forthomme Impakter Yet warnings have intensified in the last two years, starting with the October 2018 IPCC […]

June 20th

Renewable Roundup: Big banks lining up to finance big batteries

We’ve reached a significant tipping point in how the battery storage market is financed, shifting from expensive private equity investments to ordinary bank finance. Which will be another factor leading to a terawatt of storage by 2040. By Mokurai Banks Finally Start to Spend Big on Giant Batteries Once reluctant to finance big projects, lenders […]

May 14th

JP Morgan Chase backs off from fossil fuel investments

Less than a month ago, I wrote about our new Stop the Money Pipeline campaign, which demands that big banks, asset managers, and insurers stop supporting the fossil fuel industry. We had just notched our first victory: The world’s largest asset-management company, BlackRock, announced one of the largest ever divestments from coal and a commitment to put […]

February 27th

IMF: Climate crisis is driving the world toward economic meltdown

Kristalina Georgieva, the managing director of International Monetary Fund, warned Friday at a speech at the Peterson Institute for International Economics that rising inequality and the climate crisis have the whole planet headed toward yet another financial disaster. By Meteor Blades DailyKos Andrea Germanos at Common Dream writes—IMF Head Gives ‘Stark Message’ of Looming Inequality-Fueled Global Financial Disaster: […]

January 20th

Europeans propose $TRILLION fund for their own version of the Green New Deal. They don’t think it’s “unrealistic”

A group of experts has published a draft treaty for a sweeping European climate finance pact, to inject more than a trillion euros into the fight against global warming. Addressing a packed launch event in Paris last week, French economist Pierre Larrouturou and climate scientist Jean Jouzel urged European member states to mobilise funds in a similar way to the response to […]

February 25th