Climate finance
Fossil fuel giants face ‘climate stress test’ call at UN summit
New York ‘climate risk’ meeting will call on oil majors to evaluate size of carbon reserves that are incompatible with warming world
US heavyweights unite to establish economic cost of climate change
Michael Bloomberg, Tom Steyer and Hank Paulson have teamed up to put a price tag on the climate impacts in the US
Flooding could cost UK insurance industry £400 million
Consultants PwC say flooding costs to insurance industry will continue to rise, as government’s new scheme accused of neglecting climate impacts
California’s CO2 market enjoys strong first year in 2013
High carbon prices and strong business engagement praised in report from influential Environmental Defense Fund
Are the economics and ethics of fossil fuel divestment aligning?
Divestment movement needs to target fund managers’ fiduciary duty and explain why fossil fuel investments will end in financial disaster
Carbon markets shrank 38% in 2013
Decreased carbon trading in 2013 reflects continuing trend of problems, even as Chinese markets open for business
China launches fifth carbon trading zone
Plans for seven pilot schemes by 2014 on course, as government ramps up efforts to cut pollution
2013: the year the divestment campaign took flight
If climate change had a catwalk, divestment would be this year’s Naomi Campbell. RTCC takes a look at 2013’s hottest emerging trend
John Lewis switches to 100% renewable energy
Retail giant joins the ranks of Marks & Spencer, Sainsbury’s and Ikea by investing in clean technology to cut emissions
Changing UK climate targets ‘strategic mistake’ say business leaders
Supermarkets, insurers and multinationals call on government to accept advice of official climate advisors
World’s largest investors blind to climate risks – report
Group monitoring how funds manage the risks of climate change says many are exposing their investors to future losses
EU Parliament backs carbon trading rescue plan – in tweets
Relief, anger and calls for reform as MEPs support measures to boost region’s cap-and-trade scheme
KPMG: world’s leading firms not taking climate risks seriously
Consultancy says oil and gas sector leading in assessments of environmental and social risks
Green Climate Fund: will it deliver a ‘paradigm shift’?
UN’s green bank has been talked up, but few know exactly when, or how, it will really open for business
Nine US states call for Obama to back national carbon market
Regional Greenhouse Gas Initiative members say cap and trade is cost-effective and efficient way of addressing climate change
Investors ‘central’ to climate challenge says new Carbon Tracker CEO
Rising fossil fuel investments are a “major systemic risk” says Anthony Hobley, warning world is now at “carbon crossroads”
Figueres hails opening of Green Climate Fund in South Korea
GCF expected to channel large chunk of US$100 billion a year rich countries committed to deliver by 2020
Brazil stock exchange launches $500 billion sustainability index
Businesses in new portfolio make up 47% of the exchange’s total value, including power, ICT and banking sectors
UN Green Climate Fund opens, concerns remain over finance drought
Flagship green investment bank will be ‘unveiled’ in South Korea, but cash machines expected to be empty till late 2014
World’s carbon markets now cover 20% of emissions
China and Mexico latest to bring trading schemes online as countries eye greenhouse gas reductions