The year 2020 will be remembered as a dreadful time in human history. The COVID19 pandemic has wreaked havoc, decimating lives, livelihoods and global prosperity. But as terrible as this year is, there is another global crisis screaming for our attention, one that will dwarf the catastrophic impacts of the pandemic. We are, of course, talking about climate chaos.
US investors managing nearly $1tn of assets have written to Federal Reserve chair Jay Powell and other regulators urging them to treat climate change as a systemic financial risk.
Biden's new $2 trillion climate plan includes some smaller and less well-known climate interventions that, despite their obscurity, could have wide-ranging impacts on emissions and the U.S. economy.
BlackRock said this year it has used its shares to take "voting action" against 53 companies that are "making insufficient progress integrating climate risk into their business models or disclosures."
Since the Paris agreement was signed, Australia's big four banks have financed new fossil fuel projects that would cancel out the national emissions reduction target 21 times over, according to analysis by the activist investor group Market Forces.
Climate change threatens ecological and economic systems. That is why investors are increasingly looking to invest in companies with a plan to address one of the largest drivers of climate change: deforestation.
Investors managing trillions of dollars in assets have warned Brazil that escalating deforestation and the "dismantling" of policies to protect the environment and indigenous communities are "creating widespread uncertainty about the conditions for investing".
Goldman Sachs says renewable-energy spending will surpass oil and gas for the first time ever in 2021
The transition to renewable power from traditional fuels will create a $16 trillion investment opportunity through 2030 as spending shifts to new infrastructure, Goldman Sachs analysts say.
BP's mammoth asset write-down is certainly a big story, but whether it's a big climate change story is a trickier question. Let's give it a qualified yes.
Climate finance is at risk of becoming politicised by a merger between UK international development and foreign affairs ministries, aid experts have warned
Researchers estimate a climate effort in the Northeast U.S. helped the region reduce toxic air pollution and avoid hundreds of asthma and autism cases, preterm births, and low birth weights.