Tag #Climate Finance

Showing 13 to 24 of 72 results

dw.com
🌐 85% Global Worthiness
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Banks' Fossil Fuel Financing: \$705 Billion Investment in 2023 Fuels Climate Concerns

The world's 60 largest banks invested \$705 billion in fossil fuels in 2023, furthering expansion plans despite climate warnings; personal savings indirectly contribute through various financial instruments; green alternatives are emerging but face challenges in transparency and regulation.

Progress

36% Bias Score

Climate Action
dw.com
🌐 85% Global Worthiness
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Personal Finance's Outsized Role in Climate Change

Analysis reveals personal finance choices significantly impact climate change; shifting pension funds to sustainable options is 20 times more effective than individual actions like reducing air travel; 60 major banks committed €619 billion to fossil fuels in 2023, up to €6 trillion since the 2015 Pa...

Progress

44% Bias Score

Climate Action
welt.de
🌐 75% Global Worthiness
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German Greens Accuse Government of Breaking €500 Billion Climate Pledge

The German Green Party accuses Finance Minister Lars Klingbeil (SPD) and Chancellor Friedrich Merz (CDU) of breaking their promise to invest €500 billion from a special budget in infrastructure and climate protection, instead using it for budget consolidation, jeopardizing Germany's economic competi...

Progress

52% Bias Score

Climate Action
theguardian.com
🌐 85% Global Worthiness
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\$33.5 Billion in "Green" Funds Invested in Fossil Fuels

An investigation found that European ""green"" funds hold over \$33.5 billion in investments in major oil and gas companies, despite these companies' incompatibility with international climate goals. This includes \$18 billion in the five biggest polluters and highlights greenwashing practices.

Progress

56% Bias Score

Climate Action
theglobeandmail.com
🌐 85% Global Worthiness
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RBC Withdraws $500 Billion Sustainable Finance Target Amidst Greenwashing Concerns

Royal Bank of Canada (RBC) retracted its $500 billion commitment to decarbonization efforts, citing Canada's anti-greenwashing law (Bill C-59) and challenges in measuring sustainable finance activities, raising concerns about the impact on Canada's climate goals.

Progress

52% Bias Score

Climate Action
europe.chinadaily.com.cn
🌐 85% Global Worthiness
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Brazil and China to Champion Multilateralism at COP30

Brazil and China are jointly promoting multilateralism to combat climate change, focusing on finance and technology at the upcoming COP30 summit in Brazil in November, where they aim to achieve consensus on key climate issues. COP30 President-Designate Andre Aranha Correa do Lago recently met with C...

Progress

32% Bias Score

Climate Action
theguardian.com
🌐 85% Global Worthiness
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Hawaii Imposes New Taxes to Fund Climate Change Mitigation

Hawaii enacted a new tax on hotel rooms and cruise ship bills to generate approximately $100 million annually for climate change mitigation, including beach restoration, wildfire prevention, and forest protection, starting January 1, 2024, for hotels and July 1, 2026, for cruise ships.

Progress

36% Bias Score

Climate Action
zeit.de
🌐 75% Global Worthiness
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German Greens Accuse Government of Breaking Climate Spending Promise

Germany's Green Party accuses Chancellor Merz and Finance Minister Klingbeil of breaking their promise to invest €500 billion in infrastructure and climate protection, alleging that funds are being diverted for budget balancing; the government denies this.

Progress

52% Bias Score

Climate Action
forbes.com
🌐 85% Global Worthiness
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Climate Policy Meetings Begin: Road to COP30

Clean Air Month initiates a series of UN and international meetings leading up to COP30 in Belém, Brazil, focusing on refining climate finance rules, adaptation targets, and addressing the need for climate justice through initiatives like the Bridgetown Initiative.

Progress

28% Bias Score

Climate Action
theguardian.com
🌐 90% Global Worthiness
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Wealthiest 10% Responsible for 65% of Global Warming Since 1990

A study reveals that the world's wealthiest 10% are responsible for 65% of global warming since 1990, with the top 1% accounting for 20% and the top 0.1% for 8%, directly contributing to climate disasters disproportionately affecting poorer nations.

Progress

24% Bias Score

Climate Action
nos.nl
🌐 75% Global Worthiness
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Dutch Climate Fund Diverted for Gas Tax Reduction and Fossil Fuel Subsidies

The Dutch government will use €500 million from its climate fund to reduce the gas tax for households in 2026-2028 and reinstate the IKC-regeling, a subsidy compensating industries for increased energy costs due to CO2 regulations, actions that are criticized by experts as counterproductive to clima...

Progress

52% Bias Score

Climate Action
nrc.nl
🌐 75% Global Worthiness
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FMO Reports Record Profits Amidst Global Development Aid Cuts

Despite global cuts in development aid, the Dutch development bank FMO reported record profits of €297 million in 2024, investing €3.8 billion in agriculture, finance, and renewable energy projects, a strategic shift that has increased profitability and attracted projects from other organizations.

Progress

40% Bias Score

Reduced Inequality

Showing 13 to 24 of 72 results