Could the financial sector solve climate change as diplomacy stumbles?

The ECB is warning climate change costs could be 5x the cost of transition. As climate risk goes mainstream, could investor concern drive climate action as international diplomacy struggles to reach agreement?
Print Friendly and PDF
SUBSCRIBE TO EHN'S MUST-READ DAILY NEWSLETTER: ABOVE THE FOLD
Climate

Increase climate change commitments, Boris Johnson to urge Joe Biden

Boris Johnson is expected to urge US President Joe Biden to increase his country's climate commitments in a meeting at the White House. This week, the PM had said he was "frustrated" that richer countries were failing to financially support poorer ones fighting climate change.

Climate

UN climate talks: Faint progress on money, none on pollution

Opening pocketbooks wider to fight climate change? That's looking slightly more doable. Closing more smokestacks for the same goal? Not yet sold.

Climate

Climate, bankruptcies: A 'perfect storm' for oil leaks?

The wave of bankruptcies that hit the oil industry is exacerbating the environmental fallout from Hurricane Ida, according to Louisiana officials.
Climate

Climate finance shortfall threatens global warming goals

Time is running out for rich governments to deliver on unmet funding promises before COP26 climate talks, with many developing nations saying their emissions cuts depend on it.

Photo by Cris Jiao on Unsplash
Climate

Brazil's banks to incorporate climate change risks into stress tests

Brazil's central bank has announced new rules making it mandatory for banks to incorporate climate change-related risks into stress tests, starting in July 2022.

Photo by Zheni Yaneva on Unsplash
Climate

Europe’s top 25 banks failing on green pledges, campaigners warn

Europe's 25 largest banks are still failing to present comprehensive plans that address both the climate crisis and biodiversity loss, putting their sustainability pledges in doubt, campaigners have warned.

Climate

Experts warn of financial cost of inaction on climate change

As the Caldor Fire continues to burn in California and after Hurricane Ida cut a path of destruction in the South and Northeast, scientists continue to sound the alarm on climate change.

Climate

California’s Plan to Make New Buildings Greener Will Also Raise Costs

A recent building code change for new construction could reduce emissions by requiring use of solar panels and batteries, raising prices in an already expensive state.
Toxics

Annelise Riles: Central bankers should embrace the role of guardians of the future

With central banks now picking winners and losers, citizens should legitimately ask what criteria they use to do so, and call on bankers to establish responsible investing standards that contribute to a greater social good.
Climate

Popping the EV bubble, for profit

A five-person company that profits from the downfall of clean energy startups has prompted federal probes and economic turmoil. Is it a threat to the EV industry?
Climate

Top venture capitalist Chris Sacca: "The climate is f'd"

"The climate is f'd. Even worse than it seems." That's from the opening page of a 12-page letter sent by venture capitalist Chris Sacca to potential investors in Lowercarbon Capital, the climate-focused firm he launched last year after a brief retirement.

Toxics

What is the future for fossil fuel investments?

With the IPCC's latest report warning that time is running out to avoid climate catastrophe, the world's reliance on fossil fuels is increasingly untenable. Investors are starting to look for green alternatives.
Justice

Since Paris was signed, Canadian banks have funded climate chaos to the tune of $700B

Canadian banks have financed oil, gas, and coal companies to the tune of nearly $700 billion since the Paris Agreement was signed, and could be more at risk than they’re letting on.
Photo by Ivan Bandura on Unsplash
Toxics

Singapore converts sewage into ultra-clean water due of a lack of resources

At a factory in Singapore, massive pumps buzz deep underground, transforming sewage into water appropriate for human use while reducing ocean pollution.

From our Newsroom

Researchers, doctors call for regulators to reassess safety of taking acetaminophen during pregnancy

The painkiller, taken by half of pregnant women worldwide, could be contributing to rising rates of reproductive system problems and neurodevelopmental disorders like ADHD and autism.

LISTEN: Azmal Hossan on the sociology of climate crises in South Asia

"If we look at the rate of carbon emissions, most is emitted by the developed and industrialized countries, but the problem is poor countries like Bangladesh are the main sufferers."

Op-ed: We don’t have time for another fossil fuel bridge

Those holding up carbon capture and hydrogen as new climate solutions are leading us down the wrong path.

Climate storytelling: Creativity and imagination in the face of bleak realities

Working with youth writers on a climate-fiction screenplay has opened my eyes to the power of the arts in confronting environmental crises.

Ocean plastic pollution

Too much plastic is ending up in the ocean — and making its way back onto our dinner plates.

Peter Dykstra: Protected by an alphabet soup of acronyms

CITES, CCAMLR, LDC, MBTA, CBD, Ramsar, LWCF ... they may make your eyes glaze over, but they protect our health and planet.

Above The Fold

Daily & Weekly newsletters all free.