Accessing capital at the massive scale needed to finance a transition to a low carbon, sustainable economy is a tremendous challenge. The green bond market shows great promise for harnessing private, third-party capital to help finance this transition.
As the constant oversubscription of green bond issuances indicates, investors have a substantial appetite for fixed income investments with environmental attributes and for the energy solutions necessary to slow the warming of the global climate.
While green bonds are not a silver bullet, they represent an opportunity to provide hundreds of billions of dollars toward the energy investments needed to avoid catastrophic climate change.
RECENT POSTS
This resolution, requesting an annually updated climate transition report, provides the opportunity for Booking Holdings to establish a comprehensive plan to respond to climate change and reduce greenhouse gas emissions.
To make up for lost demand, Big Oil is allocating significant resources to boost production of petrochemicals – especially plastics. This Hail Mary movement to increase plastics production faces a significant and growing landscape of risks.
Power utilities are at a juncture where they can continue to slow climate action with regressive lobbying or instead support Paris aligned policy and take advantage of opportunities inherent in the clean energy transition.
Proposal #3 requests disclosure on whether General Electric will rise to the occasion and meet the criteria of the Net Zero Indicator as laid out in the Climate Action 100+ Net Zero Company Benchmark or, if not, why not.
Andrew Behar, CEO of As You Sow, teamed up with Illinois Environmental Council and its affiliates, elected leaders, and other experts to offer educational sessions about the issues facing our environment, food systems, infrastructure, and good governance.
Tisha Schuller sits down with Danielle Fugere, President of As You Sow to learn about shareholder activism from the activist perspective. Shareholder resolutions are increasingly successful in pushing oil and gas companies to address climate concerns on activist terms.
In early May, French company Total, became the latest investor-owned oil and gas company to come out with an ambitious-sounding climate announcement. Total stated its support for the “goals of the Paris Agreement” and an intent “to be consistent with these goals . . . with a view for Total to get to net zero by 2050.”
Without a doubt, electric utilities have made significant progress in recent years in taking actions to reduce the sector’s impact on the climate crisis. Power sector companies are moving away from coal, setting net-zero or other substantial greenhouse gas emission reduction targets.
The window of opportunity to prevent catastrophic climate change is narrowing. The world is already experiencing harmful impacts surpassing earlier projections, and such harms will only increase as “business as usual” emissions continue.
BlackRock CEO Larry Fink’s 2020 annual letter sounds fantastic. It declares that the world’s largest asset manager will prioritize climate risks in investing. It acknowledges that “Climate change has become a defining factor in companies’ long-term prospects.