Low angle view of modern skyscrapers in Midtown Manhattan.
Finance
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…
How Global Banks See Transition Finance in 2024
COP28 brought a renewed focus on transition finance. Here’s how major banks are looking at the road ahead.
