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The bankers are coming back to COP: bloomberg.com/news/articles/… Bloomberg Green #COP28

Larry Fink is leading the procession of finance CEOs back to COP: bloomberg.com/news/articles/… for Bloomberg Green #COP28

"If Kariba shuts down... This would render meaningless the already-shaky claims corporations have made based on these credits." bloomberg.com/news/articles/… Bloomberg Green

Don't forget the miners, says BlackRock: “If you’re focused on sustainability, if you’re focused on the energy transition, don’t overlook this area. There’s a huge value opportunity.” bloomberg.com/news/articles/…

Buyer beware: this bond fund comes with 3.7C of warming: bloomberg.com/news/articles/… Bloomberg Green

The curious maths underpinning financed emissions metrics is such that banks can report a reduction in their CO2 numbers without actually having reduced lending to carbon-intensive clients or having helped/persuaded those clients to decarbonize. bloomberg.com/news/articles/… Bloomberg Green

So, this happened today: bloomberg.com/news/articles/… Bloomberg Green

Among the many players anticipating a huge scale up of the voluntary carbon market: Wall St. banks. bloomberg.com/news/articles/… via Bloomberg Green #vcm

The UAE has agreed to retain a smaller portion of the profits generated by the $30 billion Alterra venture ( which has partnered with BlackRock, TPG and Brookfield) in an effort to lure more private money into climate finance deals. bloomberg.com/news/articles/… Bloomberg Green

For investors struggling to get a clear read on how banks are delivering on their net-zero pledges, changes to climate scenarios made necessary by shifting realities may further complicate the picture. bloomberg.com/news/articles/… Bloomberg Green

A hedge fund manager’s guide to dealing with GOP attacks on ESG bloomberg.com/news/articles/… via Bloomberg Green

In the $1.5 trillion market for sustainability-linked loans, corporate clients are starting to walk away. bloomberg.com/news/articles/… With Greg Ritchie for Bloomberg

Scoop: UBS is set to scrap a planned phaseout of coal financing that Credit Suisse had backed, as the global wealth manager prepares to unveil how the merged bank will tackle climate change: bloomberg.com/news/articles/… Bloomberg Green Bloomberg

If the world is on course for 2.8C of warming, is it fair, or even realistic, to expect banks to align their loan books and financing activities with 1.5C? That’s the question a frustrated UBS banker put to regulators: bloomberg.com/news/features/… for Bloomberg with Natasha White

in which Alastair Marsh 🇺🇦 tells me: "Banks gonna bank." our episode, on the finance sector's struggles to live up to their climate promises, out today: omny.fm/shows/the-big-…

Climate scoop: US financial regulators led by the Federal Reserve have been working for months to thwart a push to make climate risk a focus of global financial regulation Bloomberg Bloomberg Green bloomberg.com/news/articles/…

When the board of #SBTi said corporates could use carbon credits to offset Scope 3 emissions, the group’s own communications team thought the website had been hacked and temporarily took the statement down! 😂 bloomberg.com/news/articles/… via Bloomberg Green

“Hot People Hate Wall Street” and they seem to particularly hate #Citi. Citi is to be the centrepiece of what climate activists are calling the 'Summer of Heat' on US banks, seeking to disrupt operations in protest at fossil fuel finance. bloomberg.com/news/articles/…

For more than a year, Annie Lee and I have been investigating the dirty, deadly Indonesian nickel industry -- and its supply-chain connections to Tesla, GM, Ford, Hyundai and every other EV manufacturer you can think of. I hope you will read and share. bloomberg.com/features/2024-…

#SBTI's technical council has spoken, warning of lasting reputational damage from the embrace of carbon offsets. Scoop here: bloomberg.com/news/articles/… Bloomberg Green