Low angle view of modern skyscrapers in Midtown Manhattan.
Finance
Securitization in Action: How US States Are Shaping an Equitable Coal Transition
Much has been made of coal’s dramatic decline. Coal is no longer the cheapest way to generate electricity in many countries, and in recent years power plants and mines have closed in the face of this economic reality, especially in the United States and Europe. In the coming decade,…
Mission Possible Partnership: Joining Forces to Decarbonize Heavy Industry
The financial sector faces a challenge: institutions that want to decarbonize their portfolios can’t always do so at scale while the world continues to rely on carbon-intensive heavy industry. In turn, industrial corporations are reticent to make changes to their operating model for fear of jeopardizing vital sources of investment…
A Year at Sea: The Poseidon Principles and the Possibilities of Sectoral Decarbonization
It’s the moment climate finance professionals live for: when an idea—an initiative—is turned into real world action by real world actors. A year after the Poseidon Principles were signed, 15 banking signatories have today disclosed their ship loan portfolios’ climate alignment scores for 2019. The release of the inaugural Poseidon Principles Climate Alignment Report allows us to reflect on the progress the…
State of Green Banks 2020: A Global Movement in the Making
While the attention of the world is on a rapid and sustainable COVID recovery, increasing climate change risks continue to loom large. Recovery will require investments that create jobs and ensure not only immediate green recovery, but also long-term sustainable development. We need ready solutions that promote local development of…
Banks and Climate Action: Taking Stock of Recent Commitments
Recent months have seen major moves on climate action by some of the world’s largest private banks, including JPMorgan Chase, HSBC, and Morgan Stanley. What sets this latest wave of climate pledges by financial institutions apart from past announcements? Building on previous commitments that increase green investments or restrict financing…