Climate finance
Blackrock: World’s largest investor flags up climate risk
NEWS: Letter from CEO Larry Fink says $4.6 trillion asset manager will support activist shareholders focused on ‘long-term value creation’
Green Climate Fund holds Cape Town ‘crisis’ talks over future
NEWS: Clouds are gathering over flagship scheme UN hopes will spark ‘paradigm shift’ in global clean energy and resilience to global warming
Low prices raise concerns for China carbon market
ANALYSIS: Seven pilot schemes are swamped with pollution permits, analysts say, boding ill for national roll-out of mammoth climate policy
Kyte: Universal energy access possible by early 2020s
NEWS: Sustainable Energy 4 All chief says major strides in clean energy, efficiency and finance mean target of powering entire planet is closer than ever
Australia, Japan, US coal burners face ‘utility death spiral’
NEWS: Old power generators are losing market share to wind and solar, say Oxford University analysts, in environmental risk report for investors
Shell shareholders vote for BG merger, quashing climate concerns
NEWS: Oil major insists its assets will not be stranded by greenhouse gas emissions curbs, against protests £40bn deal is overvalued
UAE opens $10bn green credit line in Gulf first
NEWS: Developing countries will be the target of National Bank of Abu Dhabi’s 10-year pledge to tackle “significant” energy funding gap
Green Climate Fund must think micro for macro impact
COMMENT: Support for locally-led adaptation initiatives may not sound sexy, but small targeted interventions will help the GCF drive a climate finance paradigm shift
Africans asked to raise billions for energy access plan
DAVOS 2016: Governments urged to radically boost energy investment under African Development Bank strategy to bring light to 645 million
Bloomberg unveils crack team to assess global climate risk
NEWS: Experts from Unilever, Axa, Blackrock and JPMorgan among those chosen to rate threat posed by fossil fuel giants to global economy
Bangladesh Bank launches $200m ‘green transformation fund’
NEWS: Following successful solar homes microfinance push, governor Atiur Rahman seeks to clean up textiles manufacturing
Shareholder activists target ExxonMobil on 2C climate risk
NEWS: New York state and the Church of England lead push for US oil giant to reveal how shift to low carbon energy hits its business
City slickers eye up growing climate finance sector
ANALYSIS: Green bonds, clean energy and efficient infrastructure offer vast potential in a market one banker describes as ’50 shades of green’
Clean energy investments at ‘record high’ in 2015
NEWS: New figures from Bloomberg New Energy Finance demonstrate clean energy surge is ‘irreversible’ say analysts, despite falling oil and gas prices
Oil majors vague on climate plans post Paris deal
ANALYSIS: BP, Shell, Statoil and Repsol say they’re supportive of plans to avoid dangerous warming, but show little sign of deviating from primary business plan
Coal, steel sectors to suffer as China pollution drive accelerates
ANALYSIS: Experts say tougher laws and penalties could signal turning point in environmental fight in China, as president Xi Jinping urges officials to crack down on inefficient state industries
US boom boosts global carbon markets in 2015
NEWS: Global volume of carbon credits shrinks but ‘boom time’ in California, Quebec and North West US sees overall value leap 9%
Investors pressure mining giants to phase out coal
NEWS: Funds worth US$4 trillion are calling on Anglo American, Glencore and Rio Tinto to assess their exposure to climate risk
US primed to deliver first $500m to Green Climate Fund
NEWS: Budget bill agreed by Congress opens door for funds to help world’s poorest cope with future climate impacts and invest in clean energy
There’s no dodging carbon risk after Paris, say fund managers
NEWS: Global warming deal makes low-carbon transition irreversible and investors are taking note