Related Articles
International agreement is vital to climate risk assessment
Forward article link
Share PDF with colleagues

Banks call for global rules on climate risk

Common standards would help banks to factor climate risk into assessments and finance decarbonisation

Establishing a clear set of rules to account for companies’ exposure to climate risk is vital if banks are to play a bigger role in financing the global energy transition, according to a panel at the Climate Governance Initiative Global Summit on Tuesday. Such rules would help banks to better integrate climate risk when assessing the business cases of the companies they finance, for example making renewables more attractive and fossil fuels less so. “What we fear is that companies… will fail to focus on reducing emissions from their own activities and instead take the ‘easy option’ of purchasing offsets” Fahy, KBI Global Investors Multilateral development banks (MDBs) have led

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Strong policy push needed to reduce oil and gas demand
14 October 2021
Mismatch between tightening supply and continued demand will result in continued volatility unless action taken on demand side, says IEA report
US to offer up to seven offshore wind leases by 2025
14 October 2021
Government aims to fire up key renewables sector with increased certainty and transparency for potential developers
Lightsource BP solar project to meet steel mill’s power demand
13 October 2021
Solar developer launches largest US onsite solar facility dedicated to a single customer
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video