nach oben

Erschienen in:

2021 | OriginalPaper | Buchkapitel

The Money Pipeline: The Role of Finance in the Climate Emergency

verfasst von : Katya Wisniewski

Erschienen in: Theories of Change

Verlag: Springer International Publishing

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

Climate change is real. It’s happening, now. But if the constant flood of record-setting catastrophes in your newsfeed isn’t enough to get your attention, it should also be made clear that every foundation stone of the global economy is also at imminent risk of being washed away. The science is clear: to avoid disastrous, runaway climate change, we must prevent the Earth’s temperature from rising more than 1.5 °C above pre-industrial levels. Achieving that means emissions must be reduced sharply within the next eleven years, and must reach net zero no later than 2050. We urgently need to bring the fossil fuel era to an end. And with many governments around the world being lobbied, coerced, convinced, or corrupted into continuing with business as usual or outright climate change denial, it is more important than ever that the finance industry step into a position of global leadership.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 390 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Maschinenbau + Werkstoffe

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Vorheriges Kapitel Sustainable Energy Investment in Australia

Nächstes Kapitel Moving the Topic of Climate Change from Politics to Economics

AXA. (2017, December 12). AXA accelerates its commitment to fight climate change. https://www.axa.com/en/newsroom/press-releases/axa-accelerates-its-commitment-to-fight-climate-change

Bloomberg. (2019, February 20). Glencore plans to cap coal output in climate shift, sources say. https://www.bloomberg.com/news/articles/2019-02-20/glencore-is-said-to-plan-to-cap-coal-output-in-climate-shift

Bloomberg NEF. (2018, August 2). World reaches 1,000GW of wind and solar, keeps going. https://about.bnef.com/blog/world-reaches-1000gw-wind-solar-keeps-going/

Bloomberg New Energy Finance. (2019, March 5). Global electrified transport market outlook, 1Q 2019

Buberl, T. (n.d.). AXA’s CEO indicated that a “plus 4°C world is not insurable”. https://www.axa.com/en/newsroom/press-releases/axa-accelerates-its-commitment-to-fight-climate-change

Buckley, T. (2019). IEEFA quoted in “No fad”: Global capital flees thermal coal projects, by Mark Ludlow, 26 February, 2019. https://www.afr.com/news/politics/no-fad-global-capital-flees-thermal-coal-projects-20190226-h1bpw7

Calello, C. (2018, May 25). Climate chaos, who’s in? Greenpeace International. https://www.greenpeace.org/international/story/16696/climate-chaos-change-coal-insurance-fossil-fuels-investment/

Ceres. (2016, May 24). Assets or liabilities? Fossil fuel investments of leading U.S. insurers. https://www.ceres.org/resources/reports/assets-or-liabilities-fossil-fuel-investments-leading-us-insurers

Ernst and Young. (2017). Sustainable investing: The millennial investor. https://www.ey.com/Publication/vwLUAssets/ey-sustainable-investing-the-millennial-investor-gl/$FILE/ey-sustainable-investing-the-millennial-investor.pdf

Goldman Sachs Equity Research. (2018, October 25). GS SUSTAIN: Chart of the week: Is the divestment movement nearing a tipping point?

Greenpeace. (2018). Uncertain and harmful: Japanese coal investment in Indonesia. https://act.gp/2PnlXH5

Greenpeace. (2019, January). Swiss banks and their financed emissions. https://issuu.com/greenpeace-switzerland/docs/greenpeace_factsheet_en_v7

Greenpeace International. (2018, October 8). A coal phase-out pathway for 1.5°C. https://www.greenpeace.org/international/publication/18866/a_coal_phase_out_pathway/

Hodges, J. (2018, March 28) Fossil fuels squeezed by plunge in cost of renewables, BNEF says. https://www.bloomberg.com/news/articles/2018-03-28/fossil-fuels-squeezed-by-plunge-in-cost-of-renewables-bnef-says

IISD. (2018, October 9). PwC Index finds decarbonization rates are “less than half” needed to meet Paris Agreement. http://sdg.iisd.org/news/pwc-index-finds-decarbonization-rates-are-less-than-half-needed-to-meet-paris-agreement/

IPE. (2016, February 1). France aims high with first-ever investor climate-reporting law. https://www.ipe.com/countries/france/france-aims-high-with-first-ever-investor-climate-reporting-law/10011722.fullarticle

IPE. (2019, February 20). PRI signatories must report climate change risks from 2020. https://www.ipe.com/news/esg/pri-signatories-must-report-climate-change-risks-from-2020/www.ipe.com/news/esg/pri-signatories-must-report-climate-change-risks-from-2020/10029579.fullarticle

Leggett, J. (2018, September 13). 480 companies from 38 countries now base climate plans on SBTs.https://jeremyleggett.net/2018/09/13/480-companies-from-38-countries-now-base-climate-plans-on-sbts-around-one-eighth-of-global-market-capitalisation/

Lewis, M., Jr. (2018). Coal plant developers still building, investing despite Paris Agreement. Blog. Washington, DC: Competitive Enterprise Institute. https://cei.org/blog/coal-plant-developers-still-building-investing-despite-paris-agreement.

Liebreich Associates. (2019, May 21). Global clean energy invested and capacity installations 2004-2018. https://aee-kongress.ch/files/user/pages/fr/congres/2018/Praesentationen/AEESUISSE-Congres-2018_Michael_Liebreich.pdf

Lorraine, C. (2018, November 23). Ireland becomes world’s first country to divest from fossil fuels. https://www.theguardian.com/environment/2018/jul/12/ireland-becomes-worlds-first-country-to-divest-from-fossil-fuels

Munich Re. (2019, January 8). Extreme storms, wildfires and droughts cause heavy nat cat losses in 2018. https://www.munichre.com/site/corporate/get/params_E-105173115_Dattachment/1708125/natcat-2018-global-20190107_en.pdf

Rainforest Action Network. (2019). Banking on climate change.https://www.ran.org/wp-content/uploads/2019/03/Banking_on_Climate_Change_2019_vFINAL.pdf

Rainforest Action Network and Banktrack. (2019). Banking on climate change: Fossil fuel finance report card. https://www.ran.org/bankingonclimatechange2019/

Reuters. (2017, June 2). Exclusive: Norway’s $960 billion fund wants banks to disclose carbon footprint of loans. https://www.reuters.com/article/us-norway-swf-ceo/exclusive-norways-960-billion-fund-wants-banks-to-disclose-carbon-footprint-of-loans-idUSKBN18T26V

Rust, S. (2019, March 28). European Parliament agrees stance on sustainability taxonomy. https://www.ipe.com/news/esg/european-parliament-agrees-stance-on-sustainability-taxonomy/www.ipe.com/news/esg/european-parliament-agrees-stance-on-sustainability-taxonomy/10030344.fullarticle

Simons, M., & de Wilde, J. (2017, May 3). The involvement of European insurance groups in the fossil fuels sector. Profundo. http://unfriendcoal.com/wp-content/uploads/2017/06/Profundo-report-final-0417.pdf

Sustainable Development Goals. (n.d.). Article 2c of the Paris Agreement. https://sustainabledevelop ment.un.org/frameworks/parisagreement

Thamotheram, R. (2019, April). Long-term matters: Lessons for climate action 100+. https://www.ipe.com/analysis/long-term-matters/long-term-matters-lessons-for-climate-action-100/www.ipe.com/analysis/long-term-matters/long-term-matters-lessons-for-climate-action-100/10030333.fullarticle

The Financial Times. (2018, January 9). Insurers join in on the slow squeeze on coal. https://app.ft.com/cms/s/bdda17ee-f46f-11e7-88f7-5465a6ce1a00.html and UN Secretary-General’s remarks on Climate Change, September 10, 2018

The Financial Times. (2019, March 8). Norway’s $1tn wealth fund set to cut oil and gas stocks. https://www.ft.com/content/d32142a8-418f-11e9-b896-fe36ec32aece

The Guardian. (2018a, December 5). ‘Brutal news’: Global carbon emissions jump to all-time high in 2018. https://www.theguardian.com/environment/2018/dec/05/brutal-news-global-carbon-emissions-jump-to-all-time-high-in-2018 and Coal Swarm’s “Global Coal Plant Tracker”

The Guardian. (2018b, November 13). World has no capacity to absorb new fossil fuel plants, warns IEA. https://www.theguardian.com/business/2018/nov/13/world-has-no-capacity-to-absorb-new-fossil-fuel-plants-warns-iea

The Guardian. (2019, March 21). Climate change could make insurance too expensive for most people – report. https://www.theguardian.com/environment/2019/mar/21/climate-change-could-make-insurance-too-expensive-for-ordinary-people-report

Voysey, A. (2016, December 7). ClimateWise launches two reports that warn of growing protection gap due to rising impact of climate risks. https://www.cisl.cam.ac.uk/business-action/sustainable-finance/climatewise/news/insurance-leaders-warn-protection-gap-due-to-impact-climate-risks

Willis Towers Watson. (n.d.). Ready and waiting? Power and renewable energy market review 2019. https://willistowerswatson.turtl.co/story/power-and-renewable-energy-market-review-2019-online

Wilson, M. (n.d.). CEO of Aviva said “if we do not take urgent action to limit global temperature increases to within 2°C, the impacts upon the economy, society and our business will be nothing short of devastating”. https://www.aviva.com/social-purpose/environment/

Woodroof, N. (2019, February 28). IEEFA report: Every fortnight a bank, insurer or lender announces new restrictions on coal. World Coal. https://www.worldcoal.com/special-reports/28022019/ieefa-report-every-fortnight-a-bank-insurer-or-lender-announces-new-restrictions-on-coal/

Zenger, Y. (2016, August 5). Freudentanz am Amazonas. https://www.greenpeace.ch/2016/08/05/freudentanz-am-amazonas-erfolg-fuer-munduruku/

Titel: The Money Pipeline: The Role of Finance in the Climate Emergency
verfasst von: Katya Wisniewski
Verlag: Springer International Publishing
Buch: Theories of Change
Print ISBN: 978-3-030-52274-2

Electronic ISBN: 978-3-030-52275-9

Copyright-Jahr: 2021
DOI: https://doi.org/10.1007/978-3-030-52275-9_28

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Technik"

Springer Professional "Wirtschaft"