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ECB warns fossil-fuel-exposed banks they risk €21bn in annual losses by 2029

Environmental Finance

The European Central Bank (ECB) has delivered its starkest warning to-date of the damage a delayed transition to a net zero economy would inflict on the financial system.

Banking 49
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MEPs Under Pressure to Raise ETS Ambition

Chris Hall

Last week’s compromise proposal, with its staggered removals, would have resulted in more emissions in the short-term, noted Samar Pratt, President of Advisory Solutions at Exiger, a provider of risk management SaaS solutions to corporations, government agencies and banks. . “It

Banking 98
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Net zero transition – the latest signals of change: May 5, 2023

We Mean Business Coalition

Net Zero Economy At the Petersberg Climate Dialogue in Berlin this week – considered preparation for the COP Climate Summit later in the year – German Foreign Minister Annalena Baerbock called for a global target for the expansion of renewable power , building on the recent G7 ministers’ agreement on wind and solar goals.