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BBVA Raises Sustainable Finance Goal to More than $700 Billion by 2029

ESG Today

Spanish Bank BBVA announced the launch of a new goal to channel 700 billion (USD$735 billion) in sustainable finance between 2025 2029, with a focus on climate change and inclusive social development projects.

Banking 69
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Investors Can Calm Troubled Waters

Chris Hall

The 2007-09 financial crisis prompted several emergency changes to the structures, which reduced some risks – but also created new ones in the process. Many companies were banking on interest rates remaining low and stable inflation, as well as the nature of the business and regulatory environment remaining essentially the same.

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Business poll shows no room for new gas in the power system

We Mean Business Coalition

It is also a large emitter of methane a greenhouse gas over 80 times more potent than CO (on a 20-year timescale) and a major accelerator of climate change. And there are significant delays for new gas turbines which now stretch past 2029, slowing down the development of new gas projects in some markets.

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Net zero transition – the latest signals of change: May 5, 2023

We Mean Business Coalition

Dan Jorgensen, Denmark’s minister for global climate policy and development, told Reuters that finally meeting this goal could unlock progress in other areas of climate negotiations this year. In the first draft of the NEP, India had said it may add new coal-fired capacity.