Sustainability Economics’ Post

Our #TransitionFinance report sets out two different forms of financial flow: Capital investment & concessional/grant payments. The latter are needed for climate objectives in mid/low-income countries. Payments for early coal phase-out, ending deforestation and carbon removals will be required because there is no economic incentive to do these things – but they are critical to reach net-zero by mid-century. There is enough money globally to finance the #EnergyTransition but we must ensure that the business case is clear. Read the full analysis: https://lnkd.in/dDSc6Par  #ClimateWeekNYC

Our research shows a substantial higher demand for green bonds https://lnkd.in/e65Wv3KP Sean Kidney, CEO of Climate Bonds Initiative predicts the green bonds to grow about 10 times in next decade! Green Bonds can be one of the best financial weapons to fight against climate change. #greenbonds #climatefinance

The last day of the Climatebase program is today, and our guest speaker was the one and only Bill McKibben, who noted: “For 700,000 years we produced energy by setting things on fire, but we don’t have to do that anymore.” Here’s to an IMMEDIATE energy transition future without burning fossil fuels. We have 5 years, folks. Vague promises and carbon offsets aren’t enough. Be sure to check out your bank’s fossil fuel financing policies: remember, 90% of your deposits can be loaned out by your bank to finance whatever they think will yield the best returns. If you don’t know where your money is in the world, be sure to find out! Rainforest Action Network has an excellent annual report that lists out the worst offenders here. https://lnkd.in/gNZn5C_q Big thanks to the Climatebase team for an excellent Cohort 5. I think we all learned a lot. I certainly did!

According to the new Banking on Climate Chaos Fossil Fuel Finance Report 2024, the largest banks in the world have given $6.9 trillion in fossil fuel funding to the industry since the 2016 Paris Agreement.

Our #TransitionFinance report sets out two different forms of financial flow: Capital investment & concessional/grant payments. The latter are needed for climate objectives in mid/low-income countries. Payments for early coal phase-out, ending deforestation and carbon removals will be required because there is no economic incentive to do these things – but they are critical to reach net-zero by mid-century. There is enough money globally to finance the #EnergyTransition but we must ensure that the business case is clear. 

The Commonwealth Bank will stop financing fossil fuel companies that aren’t compliant with the Paris climate goals by the end of this year. This is a bold step and an effective measure in the finance sector towards decarbonization roadmap. It's important that all banks and financial institutions globally to adopt similar strategies, but of course in a strategic and phase-wise manner, to enable expeditated actions in compliant with the Paris Climate goals !! #climatefinance #decarbonization #climateaction #sustainablefinance More details: https://lnkd.in/dH3Py4Xp

Banks have given almost $7tn to fossil fuel firms since Paris deal, report reveals | Fossil fuels | The Guardian The world’s big banks have handed nearly $7tn (£5.6tn) in funding to the fossil fuel industry since the Paris agreement to limit carbon emissions, according to research. In 2016, after talks in Paris, 196 countries signed an agreement to limit global heating as a result of carbon emissions to at most 2C above preindustrial levels, with an ideal limit of 1.5C to prevent the worst impacts of a drastically changed climate. https://bit.ly/4aqdQCR

US, Japanese banks lead fossil fuel financing Full Article Link >>> https://lnkd.in/g-sW76wS PARIS: The world’s biggest banks financed fossil fuels to the tune of $705 billion in 2023, with US and Japanese lenders leading the way, an annual report by climate campaigners said Monday.Since the 2015 Paris climate agreement , the top 60 banks have provided a total of $6.9 trillion to the sector, according to the […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

🌡️ Responsibly-minded credit investors who want to align portfolios to 1.5⁰C of warming have several options, including green bond funds and Paris-aligned benchmarks. Those have the advantage of simplicity but can miss the wood for the trees, namely the broader decarbonisation of the real economy. Find out more in our latest article 👉 https://bit.ly/4e3hpBH #Credit #ClimateTransition #InvestmentGrade

This is a brilliant piece that passionately and clearly argues against shouldering developing countries with more debt even as accelerating climate impacts affect their ability to repay. It's a hard topic to write about - complex and technical - but this author does so with verve and eloquence: https://lnkd.in/ehWqqiGU #climatefinance #worldbank #debt