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?
Up to 660,000 jobs will be at serious risk if the UK continues to fall behind other countries in the amount it invests in green infrastructure and jobs, according to an alarming study published recently.
"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.
Investors and regulators increasingly want to know how businesses’ operations produce emissions, and the SEC aims to streamline reporting. Current ESG ratings of companies are highly inconsistent, a WSJ analysis shows.
The European Union is considering a wide range of measures to bring the bloc's financial sector into line with its climate plans, sources who have seen a European Commission strategy paper told Reuters.