Low angle view of modern skyscrapers in Midtown Manhattan.
Finance
You Might Be Paying for a Worthless Gas Plant
Utilities are building gas-fired power plants today for a future that may not have a use for them, potentially leaving ratepayers paying for a plant long after it has closed.
Introducing the IMPACT+ Principles for Climate-Aligned Finance
In the wake of COP26 and a record-breaking year of climate commitments from the financial sector, there has never been greater attention on what financial institutions do next to translate their words into action.
Financing 1.5°C: Five Trends to Watch in Climate-Aligned Finance in 2022
When RMI launched the Center for Climate-Aligned Finance in 2020, the concept of climate-aligned finance was in its infancy. As we begin 2022, we look ahead to some of the major themes likely to emerge this year.
We Read a 130-Page Report on Climate Regulation So You Don’t Have To
In October 2021, the Financial Stability Oversight Council (FSOC)—an oversight body for federal financial regulators—chimed in on the climate conversation by way of a dense, 133-page report. The FSOC Report on Climate-Related Financial Risks examines how US regulators are already addressing climate-related financial risks, discusses ongoing challenges…
Private Financial Institutions Are Stepping in to Decarbonize Steel
Finance at COP, the UN climate change conference, used to be about public dollars. It was largely about rich countries pledging the elusive $100 billion in annual climate finance to developing countries—and about government ministers negotiating with government ministers. But at COP26, private finance made its presence felt…