EU watchdog signals long journey for banks to become “green”
A sense of urgency is needed to plug data gaps in how banks in the European Union disclose their green credentials, the bloc’s banking watchdog said on Friday. The European Banking Authority in March set out how banks would have to publish a groundbreaking “green asset ratio” or GAR as a core measure of how […]
“Pandemic mindset” persists among global consumers – survey
People in the world’s leading economies remain overwhelmingly nervous about returning to life as normal, even after having being vaccinated against COVID-19, a survey released on Thursday found.
Deutsche Bank moves forward sustainability goals to ease criticism
Deutsche Bank (DBKGn.DE) on Thursday brought forward to 2023 the goal of facilitating more than 200 billion euros ($244 billion) in sustainable financing and investments, as the top German lender tries to counter criticism over fighting climate change.
SPACs target more ESG companies in 2021 -Nomura Greentech
Companies with environmental, social and governance (ESG) credentials have been high on the list of merger targets for U.S. special purpose acquisition companies (SPACs) so far in 2021, data from Nomura Greentech showed.
End new oil, gas and coal funding to reach net zero, says IEA
Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels.
New global carbon exchange to launch in Singapore by year-end
Singapore bank DBS (DBSM.SI), Standard Chartered (STAN.L), Singapore Exchange (SGXL.SI), and state investor Temasek Holdings said on Thursday they are teaming up to develop a global exchange and marketplace for high-quality carbon credits.
Private equity’s falling out of love with plastic packaging
A decade ago, private equity couldn’t get enough of plastic packaging. They snapped up companies making bags, films and trays to contain everything from food and fashion to drink to drugs, drawn by reliable cash flows and consolidation prospects.
Biden pitches $174 bln EV plan in Michigan, takes truck for a spin
President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for U.S. consumers – and even got to take a new zero-emission truck out for a drive.
Analysis: To tackle climate change, China must overhaul its vast power grid
One of the most pressing challenges for China to meet its pledge to cap carbon emissions this decade and pivot toward renewables is overhauling its electricity grid, the world’s largest, officials and analysts say.
Ditch new fossil fuel spending to reach net zero emissions – IEA
Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels.
