European banks have loopholes to keep financing coal despite climate pledges, study finds | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 80%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

European banks still have loopholes that would allow them to continue financing coal, despite signing up to climate alliances that target net-zero emissions, according to a study by nonprofit ShareAction. | News24_Business

A survey of policies at 25 European banks revealed that the industry is also underreporting its support of high-carbon sectors in general, ShareAction said on Monday. The same study found that most banks aren’t measuring biodiversity risks when assessing clients and projects in which to invest. The study didn’t identify specific coal projects financed by banks.

The study comes just days after the world’s biggest climate-finance coalition, the Glasgow Financial Alliance for Net Zero, lost one of its biggest members. Vanguard Group said last week it would exit the GFANZ sub-alliance for asset managers, after judging the burden of meeting firm-wide climate goals too onerous.An overview of the challenges and opportunities of the climate crisis, as it changes the world we know.Beyond Europe, banks have continued to finance coal projects.

"While the number of banks announcing asset financing restrictions on new oil and gas fields has doubled in eight months, banks are reluctant to introduce any restrictions for new oil and gas at the corporate level," the report found.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 4. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

_Business Stinks 😷. I dnt know how stupid we can get 🚮

_Business

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

China’s shadow banks scramble for business as construction boom endsCredit demand collapses for the $3-trillion industry after a government clampdown on real estate firms' debt binge
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

Stellenbosch University allocates R12m for green hydrogen research | BusinessStellenbosch University has allocated R12 million for research into green hydrogen, which has been touted by the South African government as an energy source that can help lower carbon emissions in sectors such as steel and aviation. | News24_Business _Business They should also see if they can turn urine into fuel. 😜 _Business SU following the Rupert's instructions only. Nothing new here. _Business Imagine how many houses we could've built with that money, we could've built an estimated 600 houses with that money. We don't need research in Hydrogen, it's already been tried and tested and shown to be effective. What exactly do you want to research?
출처: News24 - 🏆 4. / 80 더 많은 것을 읽으십시오 »

Putin cancelled his annual press conference, ducking a likely barrage of questions about Ukraine | Business InsiderPutin has held an hours-long media conference every December for the last 10 years. The Kremlin now says it hopes to rearrange for some time in 2023.
출처: BISouthAfrica - 🏆 34. / 51 더 많은 것을 읽으십시오 »