Global banks are nowhere near reaching their CO2 targets
Global banks aren’t living up to targets to cut their financing of activities that are directly fueling climate change, according to a new study by the World Resources Institute.
climate finance
Big banks told by investors to speed up fossil-fuel divestment
Six Wall Street banks are being pressed by a group of shareholders to move faster on reducing their financing of fossil fuels to meet global climate goals.
Developed nations ‘will deliver $100bn climate target next year’, says John Kerry
Richer nations will be able to deliver 100 billion dollars of climate finance to developing countries every year from 2022 - a year earlier than expected, US envoy John Kerry has said.
Japan pledges $10bn to support energy transition in Asia
Two days after scoring a surprisingly robust general election victory, Japanese Prime Minister Fumio Kishida promised up to $10 billion in additional climate finance for developing countries in a speech at COP26 in Glasgow.
UK pushes for deal to end foreign fossil fuel finance
The UK is trying to corral at least 18 countries to agree to stop funding of foreign fossil fuel projects by the end of next year, according to people familiar with the situation.
Rich nations fail to meet climate finance target in blow to COP
Rich countries have failed to meet their pledge to contribute $100 billion a year to poor nations confronting climate change, undermining the chances of success at a key COP26 summit this month.
NatWest pledges £100billion of climate and sustainable finance as COP26 beckons
NatWest has announced a target of providing £100billion of sustainable and climate funding for customers by the end of 2025.