Climate finance Archives

Australian banks lose millions of dollars as customers divest

NEWS: Hundreds of customers have closed accounts at Australia’s four biggest banks in protest at their fossil fuel investments

NEWS: Countries will debate reduction in use of potent greenhouse gases under UN’s ozone treaty

COMMENT: Fixation on hitting arbitrary figure distracts from true goal of building green and resilient communities

NEWS: Slow progress in setting up UN-backed funding mechanism causes confidence to dip to a new low

NEWS: Divestment index reveals polluting companies which ethical investors ‘should avoid’

NEWS: Chocolate company says new wind farm project will deliver enough energy to offset entire US operations

NEWS: 130 companies liable for carbon pollution penalties under Direct Action Plan, which opens with A$1.55 billion budget

NEWS: ADB says focus will be on finance readiness, so countries can apply for Green Climate Fund backing later this year

NEWS: Pope should use influence to encourage institutions to remove their funds from fossil fuel industry, write religious groups

ANALYSIS: Funding low carbon investments in developing countries lies at the core of UN talks – but it’s not impossible

NEWS: Household solar systems in Japan and US accounted for $21.2bn of investments in Q1 of 2014

ANALYSIS: Costs of global transition to clean energy sources smaller than expected, and could offer huge benefits

NEWS: Harvard’s refusal to divest from fossil fuels is “self-contradictory” and illogical, claim university faculty members

NEWS: World Bank and Merrill Lynch among those working on ‘Climate Finance Lab’ to speed up $100bn fundraising goal

NEWS: Businesses are starting to understand climate risks, says Paul Polman, but governments are failing to respond

NEWS: Norway’s $800 billion wealth fund to double investments in renewables and energy efficiency

COMMENT: Cash flows from rich to poor remain slow, but developing nations aren’t wasting time waiting

NEWS: China’s sixth regional carbon market prepares further ground for a national carbon market

NEWS: carbon credit surplus hindering Europe’s emissions trading scheme from operating effectively, say analysts

NEWS: Fossil fuel giant says ‘stranded assets’ are not a risk to the company, as the world needs all its oil