Low angle view of modern skyscrapers in Midtown Manhattan.
Finance
Why Sectoral Target-Setting Finance Frameworks Are Key to Industrial Decarbonization
Setting climate targets to reduce financed emissions is now the norm for most of the banking sector. And, for the over 40 founding signatories to the Net-Zero Banking Alliance, April marks the deadline to publish a full suite of decarbonization targets that cover priority sectors including agriculture, aluminum,…
Steel Sector Financiers Disclose Climate Alignment for the First Time — and There’s More Work to Do
The journey towards a more sustainable steel sector has reached a new milestone with the publication of the first Sustainable STEEL Principles (SSP) Annual Report. A joint effort led by RMI in collaboration with six pioneering banks — Citi, Crédit Agricole CIB, ING, Société Générale, Standard Chartered,…
Overcoming Three Finance Dilemmas for US SAF Producers in 2024
If we are to decarbonize the aviation industry at the speed required, sustainable aviation fuel (SAF) must grow from 0.1 percent of global jet fuel to 10 percent by 2030, implying building 300 SAF plants globally within the next seven years. To meet US climate targets, the Biden administration has…
Transition Credits Are Gearing Up to Support Global Energy Transformation
A new type of carbon credit for the global energy transition could work. Here’s how.
90 Percent of Euro-Area Banks Are Out of Step with Paris Goals. How Can They Get on Track?
In a landmark report published earlier this month, the European Central Bank (ECB) analyzed how the portfolios of 95 Euro-area banks (who together provide 75 percent of Euro-area lending) align with global climate goals. The report uses RMI’s open-source Paris Agreement Capital Transition Assessment (PACTA) approach to assess…