The financial sector must play its part in addressing our climate emergency

clock
The Green Party's Molly Scott Cato MEP
Image:

The Green Party's Molly Scott Cato MEP

Green MEPs Molly Scott Cato in the UK and Bas Eickhout in the Netherlands make the case for a far stronger EU green investment framework

Since the Paris Agreement on climate change in 2015, 33 global banks have poured $1.9tn into financing fossil fuel projects worldwide. Two reports out this week reveal the implications of this. The World...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Investment

Credit: iStock

G7 nations pledge to deliver near-zero carbon electricity grids by 2035

But draft proposal to set hard deadline for phase out of coal-powered electricity is struck from final version of agreement

Cecilia Keating
clock 27 May 2022 • 6 min read
Credit: GreenBiz.com

Can Elon Musk save ESG?

The decision to remove Tesla from one of the world's most influential ESG indexes raises important questions over how companies' environmental credentials are judged

Joel Makower, GreenBiz.com
clock 27 May 2022 • 6 min read
Credit: iStock

Royal Mail, Co-op and Marks & Spencer pension schemes target net zero

British household names commit to halving emissions in their pension portfolios by 2030

Martin Richmond
clock 26 May 2022 • 2 min read