In a statement U.S. climate envoy John Kerry said, a regulatory requirement on companies and financial institutions requiring them to disclose climate change related risks will spark huge investment flow in green capital investments across the world; he went on… Read More ›
On Tuesday, a solar industry body said, solar installations in the United States are likely to quadruple by 2030 thanks to booming demand for carbon-free power and an extension of a key industry subsidy late last year. The sector is… Read More ›
On Monday, in a statement state-owned Shanghai Securities News said citing a central bank official, with high-carbon industries pulling out of China is likely to lead to a possible re-evaluation of invested financial resources; it is also likely to strengthen… Read More ›
In a significant development U.S. Energy Secretary Jennifer Granholm stated, Washington is ready to reactivate a loan program which could see more than $40 billion channelized towards clean energy. “I am ready to rev those engines back up so that… Read More ›
In a significant development, the European Union’s banking watchdog stated, starting from next year banks in the Eurozone would have to publish a pathbreaking “green asset ratio” (GAR) as a core measure of their climate-friendly business activities. With investments in… Read More ›
In a significant development that sees a reversal of U.S. energy policy, the Biden Administration stated it would restart permitting for the first major U.S. offshore wind farm. The development reverses a Trump administration decision that canceled the process in… Read More ›
On Monday, Christine Lagarde, President of the European Central Bank said, the bank is setting up a climate change centre to coordinate its thinking on how to best incorporate climate issues into monetary policy and banking supervision. “We are now… Read More ›
On Tuesday, in a significant development Royal Dutch Shell is facing a lawsuit brought on by environmentalist and human rights groups demanding that the energy giant cut its reliance on fossil fuels. In April 2019, seven activist groups, including Friends… Read More ›
On Wednesday, Britain’s biggest asset manager said, it plans on increasing the number of companies it assess and engages vis-a-vis climate change, in order to accelerate global efforts to move towards a low-carbon economy. In a statement Legal & General… Read More ›
In a significant development, the World Bank’s private-sector arm has introduced new climate change specific conditions, which encourages commercial banks and other financial lenders to wind down support for coal projects in Asia and Africa. The International Finance Corporation (IFC),… Read More ›
