Net-zero emission pledges are under growing scrutiny from investors amid worries over the gaming of carbon reporting. Governments are facing rising pressure to ensure accountability for such commitments.
The idea of incorporating gross national happiness into mainstream economic thought has long been a subject reserved for debating societies and 'lefty' thinkers. As politicians are cornered into taking immediate action on climate change, capitalism is in for a big surprise.
The investigations by US and German financial watchdogs into $1trn asset manager DWS reflect a general tightening of regulatory criteria for funds labelled as ESG or sustainable.
The UK is about to launch its first green sovereign bond programme, which will incorporate innovative social indicators. Senior banking executives expect it to boost the corporate debt market, but want more specifics on impact benchmarking targets and deadlines.
Thousands of companies say they report against or otherwise align themselves with the UN’s Sustainable Development Goals. But where are these high-level targets failing and what more can businesses and policymakers do to help achieve them?
One-fifth – and counting – of the world’s largest companies have committed to achieve net-zero carbon emissions, largely by 2050. But there is no legal or regulatory recourse if they don't, and seemingly little appetite for that to change.
The IPCC’s latest report is unequivocal: humans are warming the planet. With COP26 looming, everyone is clear that rapid policy action is required to mobilise trillions of public and private finance to reverse the damage done. We outline what policies they are.
Investors are increasingly joining the IMF, OECD and World Bank in pushing for a global system for carbon pricing. Implementing it remains politically problematic, but the ever-louder alarm bells over climate change are raising hopes it could happen.
Despite Seoul's commitment to reducing the country's reliance on fossil fuels, new coal-fired power projects are still raising funds. But the commodity's recent sharp price rise may focus the minds of corporate executives, bankers and government officials.
The huge amount of money spent to help economies recover from the Covid crisis was a missed chance to fight climate change, say experts. But there are still tools available to support economies in building back greener.
Asset managers are labelling more funds as ‘sustainable’ amid accusations of regulator-mandated greenwashing, even as the European Commission’s SFDR update last week did little to clear up confusion over product classification.
The Energy Charter Treaty, which gives oil and gas companies a route to suing governments, is increasingly hindering climate policy reform, say campaigners. And it is not the only agreement of its type.
The multilateral finance institution is developing a renewable energy platform that it aims to list in London to lure more investment to Africa. Capital Monitor spoke to two top executives about the plans.
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