9/13/2024 1:53:51 PM UK government finances are on an ‘unsustainable’ path, watchdog warns By Samantha Wulfson The UK’s public debt is on an “unsustainable” upward path because of trends such as population aging and the costs of climate change as...
1/18/2023 2:34:54 PM Fed directs big banks to disclose how they are preparing for climate change risks By Sarah Wolter The six largest banks in the U.S. have until the end of July to show the impact that climate change could have on their operations,...
7/29/2022 7:34:21 PM Office of Financial Research pilots data hub for climate-risk assessments By Kate Wang The US Office of Financial Research (OFR) has launched a climate data and analytics hub pilot to help regulators assess risks to...
11/3/2021 12:57:08 PM Financial system makes big promises on climate change at COP26 summit By Sarah Wolter Most of the world’s big banks, its major investors and insurers, and its financial regulators have for the first time signed up to a...
10/29/2021 12:34:49 PM Payments company Stripe is kick starting market for carbon removal By Carlos Alonso Torras The technology for removing billions of tons of carbon dioxide from the atmosphere isn’t ready. Stripe wants to speed things up.
10/29/2021 12:24:40 PM Net zero is a booming business for consulting firms By Carlos Alonso Torras At least 965 companies and 63 countries have publicly committed to net-zero targets. Turning those plans into reality will be an...
7/16/2021 12:48:32 PM BlackRock CEO calls for stronger climate finance plan at G20 meet By FinTech Collective At a G20 summit, BlackRock CEO Larry Fink called for governments to develop a stronger long-term climate finance plan to fund the...
7/15/2021 7:44:47 PM NatWest rolls out carbon emissions app By FinTech Collective NatWest is to embed a free carbon footprint tracker within its mobile banking app to help customers reduce the climate impact of their...
1/29/2021 7:48:46 PM European Central Bank sets up climate change centre By Carlos Alonso Torras The European Central Bank is to set up a climate change centre, uniting the disparate work streams operating across the bank.
1/22/2021 2:01:23 PM Yellen vows to set up Treasury team to focus on climate, in victory for advocates By Carlos Alonso Torras The commitments mark a victory for lawmakers and advocates who want the Biden administration to enlist Treasury's sweeping influence to...
11/20/2020 7:00:19 PM Biden will rejoin the Paris Climate Accord. Here’s what happens next By Sarah Wolter Upon rejoining, the U.S. will likely be expected to provide an updated climate target since the Obama administration’s goal and a plan to...
11/20/2020 6:57:14 PM The U.S. wants to tame climate risk. Banks are ready to push back By Sarah Wolter U.S. financial regulators are gearing up to tackle climate change under President-elect Joe Biden. The industry will be ready to make...
11/20/2020 6:54:29 PM Fed moves closer to joining global peers in climate-change fight By Sarah Wolter Fed Chair Jerome Powell on Thursday said the U.S. central bank had been working with the Network of Central Banks and Supervisors for...
11/13/2020 2:09:17 PM Businesses everywhere, get ready to disclose your climate risk By Carlos Alonso Torras Two of the world’s major economies, the U.S. and the U.K., moved this week to make climate change-related risk disclosures the norm.
10/21/2020 2:28:26 PM Kettle raises $4.7m in Seed funding By Sarah Wolter San Francisco based reinsurance startup focused on climate change risk raised $4.7m in Seed funding led by True Ventures.
9/17/2020 11:22:03 PM Climate stress tests will eventually influence European bank capital By Sarah Wolter French and UK banking regulators are among the first to require stress tests for climate change, which will make banks more aware of how...