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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. The green groups behind the report have warned of an "alarming disconnect" between the global scientific consensus on climate change and the ongoing practices of the world's leading banks. Cecilia Keating. Fri, 03/26/2021 - 00:05.

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Morgan Stanley Softens Climate Targets

ESG Today

Morgan Stanley revealed the introduction of a new range-based approach to its financed emissions reduction targets, introducing a new lower band to reflect the fact that the global economy and policy is not currently on track to with the ambition to limit the global temperature increase to 1.5°C C above preindustrial levels.”

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Global corporate clean energy purchasing up 18% in 2020

Renewable Energy World

GW of clean energy in 2020, up from 20.1GW in 2019 and 13.6GW in 2018, according to new research published by BloombergNEF (BNEF). The increase came despite a year devastated by the Covid-19 pandemic, a global recession and uncertainty about U.S. in 2020, down from 14.1 GW in 2020. Corporations purchased a record of 23.7

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Want To Boost the Global Economy by $10 Trillion?

3BL Media

Photo: CARE Peru Data from the Gates Foundation suggests that investing in the economic power of women like Fariha could boost the global economy by as much as $10 trillion by 2030 – twice the GDP of Japan, the world’s third largest economy. Elizabeth Vargas Vilca and her staff at her shoe manufacturing business.

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

GreenBiz

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

Net Zero 402
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Why the Skills Mismatch Is a Global Challenge

3BL Media

These unprecedented humanitarian challenges have negatively impacted education, leaving thousands of children and young adults in worse positions than before 2020. Climate-related disasters displaced three times more people than conflict and violence in 2020, jeopardizing education for millions of children.

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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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