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The Blue Wonder

3BL Media

10 These ecosystems are worth US$ 375 billion per year to the global economy, from industries and services including fishing, food, pharmaceuticals and tourism. 14 It means that investment in blue ecosystems is underrepresented, despite the critical role they have in climate mitigation and their importance to the global economy.

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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

HSBC is latest bank to pledge net-zero financed emissions by mid-century. Tue, 10/13/2020 - 00:46. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century.

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Five ways to give central banking a makeover

Corporate Knights

To most people, central banking is a mystery. The key is to know that, while a bank creates money as a loan that needs to be repaid, a central bank creates it as a gift to the economy at a time of crisis that does not need to be repaid. Confront the climate crisis head-on. Create money to tackle a crisis.

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Want To Boost the Global Economy by $10 Trillion?

3BL Media

Because Fariha didn’t qualify for a bank loan, she sought the capital for her Punjab pottery and handicrafts business from her husband, but when COVID-19 put an end to face-to-face sales, she felt like she had nowhere else to turn. “At every step we need men to assist us, whether that’s our husbands or our brothers.” “At

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Deutsche Bank Issues Inaugural €500 Million Social Bond

ESG Today

Deutsche Bank announced today that it has raised €500 million through its first-ever social bond offering, with proceeds aimed at supporting the bank’s sustainable asset pool which provides financing for areas including affordable housing, and access to essential services for elderly or vulnerable people.

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Following the money: A sustainable finance odyssey

GreenBiz

Tue, 12/08/2020 - 02:11. That’s the realm of banks and other financial institutions. "OK, It must be sourced, verified and scored consistently across companies to be meaningful to investors, banks and other interested parties. Following the money: A sustainable finance odyssey. Joel Makower. OK, then," I ventured. Well, almost.