Financial institutions will play a leading role in the transition to a net-zero economy. To maximize the opportunity, they must make fundamental changes across portfolios and organizations. As facilitators of economic activity, financial institutions are vital contributors to global climate efforts. By providing the right finance to the right place at the right time, banks […]
GFANZ Launches Critical Resources for Financial Institutions to Convert Net-Zero Ambitions to Actions, Calls on G20 Governments to Close Climate Policy Gap – EQ Mag Pro
New pan-sector framework for financial institution transition planning supports actionable strategies and unprecedented accountability on net-zero commitments GFANZ urges G20 policymakers to close the policy gap through economy-wide transition planning, given finance can amplify government action but not substitute for it GFANZ identifies where the international financial architecture must be reformed fundamentally to support a […]
Coal Power Unsustainable, Sharp Decline in Lending by Financial Institutions, Says CFA Report
The Centre for Financial Accountability has found that only five coal power projects with a total capacity of 3800 MW received financing of ₹6,081 crore in 2018. New Delhi: Amid economic slowdown, a latest report reveals a sharp decline in lending to coal power projects of country in 2018. According to ‘Coal Vs Renewable – […]
EIB set to finance biggest wind power infrastructure projects in Spain
These new facilities will have a total capacity of 547 MW and will generate approximately 1.491 GWh of energy a year overall, a volume equivalent to the power use of 360 000 Spanish homes. · The EU bank will provide up to EUR 385m to Alfanar, successful bidder in Spain’s third renewable energy auction. · […]