Wall Street’s $22 trillion time bomb

Jay Owen Reforming Global Finance, Beyond GDP, Transforming Finance 0 Comments

  The clock is ticking for banks, insurers and asset managers still providing support to oil, gas and coal producers. It’s not just the moral imperative—that fossil-fuel use is destroying the atmosphere and life on Earth with it. It’s that their financial health requires leaving such companies behind. According to Moody’s Investors Service, financial …

Tallying the cost of delayed climate action

Jay Owen Reforming Global Finance, SRI/ESG News, Transforming Finance 0 Comments

US$150 billion per year. That’s the expected additional loss that the financial sector could face when climate action by companies is delayed, according to the launch report of a joint initiative by the Oxford Sustainable Finance Group at the University of Oxford and the non-profit think tank 2° Investing Initiative. According to the study, …

COP26 Daily: Protesters and negotiators agree

Jay Owen Reforming Global Finance, Sustainability News, Beyond GDP, Transforming Finance, Latest Headlines

Where the talks stand By Akshat Rathi The parade of announcements this week from world leaders, finance figures and climate diplomats at the COP26 summit culminated in a weekend parade of protesters through Glasgow, Scotland. The message from the thousands carrying placards around the venue of the meeting is one most insiders would agree …

Community-Led Strategies Can Help Advance Equitable Clean Energy Investments

Jay Owen Community Development Solutions, Resource Efficiency, Transforming Finance

Growing up in the South Los Angeles neighborhood of Watts, I experienced firsthand social, economic, and environmental injustices. One of the most polluted places in California, Watts suffers from cumulative environmental burdens. These environmental hazards are evident in the Alameda Corridor, a 20-mile-long freight line responsible for air pollution, and a Superfund site adjacent to the local public high …

$1Trillion Annual Green Bond Milestone Tipped for end 2022 – $5Trillion Annual by 2025 is new Target

Jay Owen Reforming Global Finance, Beyond GDP, Transforming Finance

$1Trillion Annual Green Bond Milestone Tipped for end 2022 – New Market Survey  $5Trillion Annual by 2025 is new Global Target says CEO Sean Kidney London 28/10/2021: 11:00AM GMT +1: Green bond investment in a single year is set to double and reach the $1trillion milestone for the first time by the end …