Post by account_disabled on Mar 2, 2024 23:24:43 GMT -5
In thinking through and strategizing on how best to respond — and tracking the climate progress of financial institutions has proven notoriously challenging. Are banks moving their financing in the right direction? It's a very tough question to answer. Our analysis of large development and commercial banks found that by and large, banks are unable to convey their overall climate progress.
Many that report on climate-friendly "green" investments, for instance, do not fill in the other half of the picture by also reporting on the financing of activities and technologies that BTC Number Data contribute significantly to GHG emissions, known as "brown" investments. Until we know a financial institution's contribution to the climate problem as well as its contribution to the climate solution, claims of climate progress can only be assessed as incomplete.
Several trends push banks to low-carbon economy Banks — like any other financial institutions and businesses — are interested in taking advantage of the new business opportunities afforded by the low-carbon transition, through financing of sectors such as sustainable transportation and renewable energy. The world needs an additional $ trillion per year, on average, investment in clean energy through to limit global temperature rise to no more than degrees Celsius.
Many that report on climate-friendly "green" investments, for instance, do not fill in the other half of the picture by also reporting on the financing of activities and technologies that BTC Number Data contribute significantly to GHG emissions, known as "brown" investments. Until we know a financial institution's contribution to the climate problem as well as its contribution to the climate solution, claims of climate progress can only be assessed as incomplete.
Several trends push banks to low-carbon economy Banks — like any other financial institutions and businesses — are interested in taking advantage of the new business opportunities afforded by the low-carbon transition, through financing of sectors such as sustainable transportation and renewable energy. The world needs an additional $ trillion per year, on average, investment in clean energy through to limit global temperature rise to no more than degrees Celsius.