Low angle view of modern skyscrapers in Midtown Manhattan.
Climate 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. Many large banks are now eager to shift focus from target-setting to measuring and deploying transition finance. But — while mobilizing capital for the transition is necessary — laying the right foundation through target-setting is still critical if banks are to not only reduce financed emissions but also finance emissions reductions.
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
According to project finance experts, US-based sustainable aviation fuel (SAF) producers will face three main dilemmas when financing commercial-scale projects in 2024: what feedstock to use, whether to get government loan guarantees, and how to de-risk operations.
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…