Struggling to kickstart your decarbonization journey without breaking the bank? We can install and monitor our steam-generating heat pump, which tackles emissions while reducing operating costs. No CapEx required! https://hubs.la/Q02zxLRG0 #IndustrialDecarbonization #corporatesustainability #DOE
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As the world embarks on the journey toward a low-carbon economy, banks find themselves compelled to modify their lending policies to better connect to their decarbonization objectives and public commitments. One common modification to their approach involves discontinuing financing for specific categories (e.g., thermal coal) or entire industries (e.g., oil and gas). These adjustments are primarily driven by the need to mitigate the potential exposure to high-emission assets and to curtail the associated climate and financial risks. In this viewpoint, Arthur D. Little explores the challenges and strategies essential for banks to reduce carbon emissions and ensure their resilience and prosperity in this transformative era. You can read it here: https://lnkd.in/gk3r3dxK #banking #sustainability #decarbonization
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Despite ongoing challenges in infrastructure, this Bank of America Institute piece finds that the average loan amount of used EVs is down 20% year-over-year, with originations increasing at faster rates than traditional gas-powered vehicles. Read more here. https://bit.ly/3zTm9dX
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Sustainability Workforce Training | | Customizable | | Technology enabled | | Bespoke | | Scalable | |
New class of #strandedassets emerges since Europe issued strict regulations on energy efficiency of the #realestate assets: The EU's Energy Performance of Buildings Directive (EPBD). The problem is that most European commercial real estate is too expensive to retrofit... Interesting article from #bloomber on Global Banks Starting to target a new breed of Real Estate #Risks #transitionrisk #climatelitigations https://lnkd.in/eQDBx54c
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Bankers Face New Era of CO2 Reporting -- Banks will soon see the rollout of the first-ever industry standard for calculating the carbon footprint of their capital markets units. The Partnership for Carbon Accounting Financials has endorsed a proposal for banks to disclose 33% of greenhouse gas emissions associated with bond and equity underwriting. Read more about the latest standard in Bloomberg. https://lnkd.in/eJzNM2Ef #BankingRegulation #ClimateRegulation #FinanceIndustry
Bankers Face New Era of CO2 Reporting
bloomberg.com
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As the world embarks on the journey toward a low-carbon economy, banks find themselves compelled to modify their lending policies to better connect to their decarbonization objectives and public commitments. One common modification to their approach involves discontinuing financing for specific categories (e.g., thermal coal) or entire industries (e.g., oil and gas). These adjustments are primarily driven by the need to mitigate the potential exposure to high-emission assets and to curtail the associated climate and financial risks. In this viewpoint, we explore the challenges and strategies essential for banks to reduce carbon emissions and ensure their resilience and prosperity in this transformative era. You can read it here: https://lnkd.in/g22erPD6 #banking #sustainability #decarbonization
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Banks Use Your Deposits To Loan Money To Fossil-Fuel, Emissions-Heavy Firms: Banks lend your deposits to carbon-heavy industries, fueling climate change; savings of $1,000 create emissions equal to a New York-Seattle flight, reveals a new analysis. Wired: By switching to a climate-conscious bank, you could reduce those emissions by about 75 percent, the study found. In fact, if you moved $8,000 dollars -- the median balance for US customers -- the reduction in your indirect emissions would be twice that of the direct emissions you'd avoid if you switched to a vegetarian diet. [...] The new report finds that on average, 11 of the largest US banks lend 19.4 percent of their portfolios to carbon-intensive industries. To be very clear: Oil, gas, and coal companies wouldn't be able to keep producing these fuels -- when humanity needs to be reducing carbon emissions dramatically and rapidly -- without these loans. New fossil fuel projects aren't simply fleeting endeavors, but will operate for years, locking in a certain amount of emissions going forward. Read more of this story at Slashdot.
Banks Use Your Deposits To Loan Money To Fossil-Fuel, Emissions-Heavy Firms
slashdot.org
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GOOD ON THEM! Canadian Banks Directed Over US$100 Billion to Oil and Gas Last Year https://hubs.la/Q02x58LG0 Canadian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual Banking on Climate Chaos report. #canadianbanks #banks #oilandgasindustry #oilandgas #energyindustry #energynews
Good on Them! Canadian Banks Directed Over US$100 Billion to Oil and Gas Last Year - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow
energynow.ca
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First, it was the insurance industry. Now, banks are waking up to the financial consequences of the changing climate. When will we have broad and open discussions about what the damages (in human lives and £/$/€) will be for each degree of warming? From the article: Some 55% of lenders now take climate and environmental risks into account when building so-called provisioning overlays, up from 16% in findings last year, [...]. #netzzero #energytransition #financing #climatechange #risk #renewables #europe #bank #finance
European Banks Are Building Loan Loss Reserves for Climate Risks
bloomberg.com
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It's been another tough year for customers with Ofgem putting energy customer debt and arrears over 90 days at £2.6 billion in mid 2023. Meanwhile half of all water bill payers reported they have struggled to pay one or more household bills. We will be at the Utility Week #CustomerSummit2024 on 19 March, listening to the debt management challenges of delegates and sharing insights into the transformative solutions available. Catch Sean Mallen for a chat. #debtmanagement #customerexperience #digitalfirst #fitforpurpose
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$CNM1 - 50 for 1 Split on 16th of November 2023.: The company has accumulated 3.54 M in total debt with debt to equity ratio (D/E) of 30.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Carnegie Clean Energy has a current ratio of 0.83, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Carnegie Clean until it has trouble settling it off, either with new capital or with free cash flow. So, Carnegie Clean's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Carnegie Clean Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Carnegie to invest in growth at high rates of return. When we think about Carnegie Clean's use of debt, we should always consider it together with cash and equity. https://lnkd.in/gd8dCg9y #stocks #stocktwits #thematic_portfolio
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