Cities rely on municipal bonds to pay for major projects like infrastructure. But financing them could get harder as investors increasingly talk about climate risk.
NEW YORK—President Trump, speaking before the UN General Assembly Tuesday, vowed globalism is dead. A day later a roomful of suits representing some of the largest pension, mutual and hedge funds in the world offered a very different take.
More than 50 financial institutions, representing $2.9 trillion in assets, have pledged to disclose the climate impacts of their investments and loans, measuring the greenhouse gas emissions generated by each of the projects they fund, several news outlets reported.
Climate change is here, disrupting our lives, changing crop cycles, and bringing about destruction, drought and death in various parts of the world.
Climate change has been framed as an ethical issue for years now, with mixed success. But now the calls for socially responsible investing to save the planet are increasingly being reinforced by cold economic logic.
The European Commission sought to boost the flow of private money to tackle climate change on Tuesday by publishing guidelines on what qualifies as environmentally friendly investment, in a move welcomed by the financial industry.
Japanese companies set up a consortium on Monday to help improve reporting of the financial impacts of climate-related risks and opportunities.
Big investors must look beyond the clamour over climate change and compel companies to tackle modern slavery as well, the head of a United Nations-backed group pushing for responsible investment says.
Asset management giant warns investors are vastly underestimating risks posed by climate change impacts today 'not just years in the future'
Lessons from environmental and economic restoration efforts in the Ruhr Valley could help usher Appalachia into a new era.
By keeping Americans focused on the climate benefits of gas vs. coal, industry seeks to delay a broader debate of the deficits of gas vs. renewables.
Study finds decreasing lead in topsoil coincides with reductions in children's blood levels, which suggests playing around the dirt may be an important source of the toxic for children