EU Forms Landmark Deal to Bolster Carbon Market as Centerpiece of Green Strategy December 20, 2022 By Ewa Krukowska and John Ainger The European Union reached an agreement to strengthen and expand its flagship carbon market, endorsing the centerpiece of the Green...
EU Takes ‘First Step’ to Certify Removals of Carbon Dioxide From Atmosphere December 2, 2022 By Kate Abnett The European Union set out plans on Wednesday to certify removals of carbon dioxide from the atmosphere, while leaving key...
Group of Financial Services Firms Calls for G20 Governments to Detail Climate Plans November 2, 2022 By Virginia Furness A coalition of financial firms led by former Bank of England Governor Mark Carney has called on G20 governments to...
Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero July 13, 2022 By L.S. Howard Ditching investments in fossil fuel businesses—and denying them insurance—aren’t the only ways for the insurance industry to participate in the...
Canada Releases Draft Guidelines to Manage Financial Risks of Climate Change May 27, 2022 A Canadian financial regulator released draft guidelines on Thursday to mitigate the risks of climate change as the country’s financial...
Central Banks, Supervisors Must Focus on Financial Resilience to Climate Change: BoE May 3, 2022 The rise in demand for coal following Russia’s invasion of Ukraine is a setback to reaching a net-zero economy by...
QBE Launches Sustainable Energies Unit to Support Clients’ Transition to Lower Carbon January 28, 2022 QBE has launched a Sustainable Energies unit to support customers as they transition to lower carbon energy. The unit will...
COP26 Coal Pledge Falls Short on Support From Big User Countries as Emissions Surge November 5, 2021 By Kate Abnett and Elizabeth Piper GLASGOW – A pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference...
Coal in Crosshairs as UN Climate Summit Brings Raft of Clean Energy Pledges November 4, 2021 By Kate Abnett and Simon Jessop GLASGOW – Government representatives at the U.N. climate conference in Glasgow on Thursday will turn their focus to tackling the...
Banks, Asset Managers, Representing 40% of World’s Assets, Vow to Meet Climate Goals November 3, 2021 By Tom Metcalf and Alex Morales Banks and asset managers representing 40% of the world’s financial assets have now pledged to meet the goals set out...