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Why investors are putting biodiversity on the balance sheet

GreenBiz

Last summer, the investment arm of northern Europe’s largest financial services group dropped Brazilian meat giant JBS from its portfolio. The exclusion of JBS is quite dramatic for us because it is from all of our funds, not just the ones labelled ESG," Eric Pedersen, Nordea’s head of responsible investments, told The Guardian. .

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Since Paris Agreement, Global Financial Firms Have Sunk $745 Billion into New Coal Plant Development

DeSmogBlog

The research shows hundreds of billions of dollars have flowed to 258 coal plant developers between January 2017 and September 2019 in the form of loans, investments, and underwriting. Tags: Paris Agreement blackrock Vanguard Citigroup JPMorgan Chase Coal Power Generation Finance

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Big Oil Can't Fight the 'Irresistible' Rise of Electric Vehicles — Report

DeSmogBlog

The days of oil as a fuel for cars, whether petrol or diesel, are numbered — because the economies offered by wind and solar energy and other cheap renewables, combined with electric vehicles, are irresistible, a French bank says. Tags: electric vehicles BNP Paribas renewables investment cars

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How the climate crisis will crash the economy

GreenBiz

And then there are “sub-systemic” shocks, more localized climate-related impacts that “can undermine the financial health of community banks, agricultural banks or local insurance markets, leaving small businesses, farmers and households without access to critical financial services.” It placed the price tag at up to 10.5

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Managing risk, achieving impact: Linking sovereign debt with climate and nature targets

Business Green

Sustainability-linked sovereign bonds can help promote economic resilience and a much-needed sustainable recovery to Covid-19, according to the World Bank's Fiona Stewart and Samantha Power. Difficulties around resource intensive budget tagging and project identification could also be avoided.

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Tritium adds Plug & Charge capability to its charging stations

Charged

Plug & Charge, based on the ISO 15118 standard, enables direct communication between an EV and a charger, eliminating the need for a card or RFID tag. Kennedy says Tritium’s Plug & Charge solution is more secure than existing card-swipe or RFID tag payment methods. “A

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How investing 1.3 per cent of GDP could decarbonise the global economy - and unlock massive financial savings

Business Green

Major new report from Energy Transition Commission concludes bridging the net zero investment gap is a 'manageable macroeconomic challenge' How much will it cost to build a net zero emission economy? This is undoubtedly true, but it serves to underplay the precise nature of the investment challenge faced by the net zero transition.