44 results found

Evaluating corporate target setting in the Netherlands
Publication date 05 Jul 2022

In this publication, we scrutinise the climate pledges of leading corporations active in the Netherlands. We review the targets and actions of 29 companies: eight financial institutions and 21 businesses with their main activities in the ‘real economy’.

Major Dutch companies’ climate pledges fall short of what is needed for Paris Agreement
Publication date 05 Jul 2022

Berlin, 5 July 2022 – New analysis published today shows that major Dutch companies only commit to reduce their emissions by 19% by 2030 on average, falling far short of the requirement to halve emissions by 2030 according to this year’s IPCC’s Sixth Assessment report. This is the first comprehensive analysis of 29 Dutch companies and financial institutions based on a study commissioned by Milieudefensie. The research was conducted by NewClimate Institute and evaluates 21 companies operating in the real economy and 8 financial institutions to determine the transparency and integrity of their...

Climate Audit of German and EU Foreign Diplomacy

The project aims to to analyse the extent to which German and EU foreign diplomacy are aligned with the European Green Deal and the PA.

Climate Investment in Latin America
Publication date 24 Nov 2021

This report focuses on the policy landscape needed to enable a transition to net zero emissions, identifying key policies at a sectoral and national level to support investments towards decarbonisation in Argentina, Brazil, and Peru.

MDBs Pledged to Align Financial Flows with the Paris Agreement. They’re Not There Yet
Publication date 03 Nov 2021

Two years after the 2015 Paris Agreement, the world’s multilateral development banks (MDBs) committed to align their financial flows with the landmark climate pact’s goals.

Gas investment is not the solution to the current energy crisis
Publication date 21 Oct 2021

Much of the world currently finds itself in the midst of an energy crisis tied to jumps in the price of gas. Expanded investments in gas extraction, infrastructure, and gas-fired electricity generation plants sound like they could be solutions to the global gas crunch. New research from NewClimate Institute finds that continued reliance on gas is more likely to be an expensive distraction aggravating the situation – while undermining energy security and climate mitigation efforts. In the vast majority of cases, renewables and electrification represent the best solution. Around the world...

Paris alignment of gas?
Publication date 20 Oct 2021

Financial institutions' current investments in gas reflect an underestimation of climate risks, including the extent to which gas value chain investments pose a threat to achieving 1.5°C. This report surveys these risks, outlining the need for much tighter restrictions on lending for all parts of the gas value chain. Key Findings: Rapid and far-reaching decarbonisation of the energy system is essential to achieving the objectives of the Paris Agreement. Of particular importance is the “critical decade” between 2020 and 2030, where emissions need to fall 7.6% every year. Committed emissions...

The financial sector has a critical role to play in enabling global deep decarbonisation
Publication date 26 Jul 2021

To limit global warming to well under two degrees, the global economy needs to undergo system-wide changes. Finance has a critical role to play. The finance sector, defined as provider of financial services to actors in the real economy must play a central role in bringing about systemic change and in helping mobilise and shift capital to fully decarbonise the economy. UNEP FI estimates that for full decarbonisation, the world needs investments in the order of 5 to 7 trillion USD per year (UNEP FI). While staggering, tens of trillions of dollars are spent every year on exploration, extraction...

Aligning agribusiness and the broader food system with the Paris Agreement
Publication date 29 Jun 2021

Achieving the mitigation goals of the Paris Agreement calls for a shift in where and how our food is produced, processed and transported to consumers. At the same time, this shift needs reinforcing with changes in our eating habits and how much food we waste. Development finance has the potential to play an important role in bringing about this change. Main findings: Drawing on sectoral benchmarks for shifts in the food system, we propose a rating system to guide investment decision making by dividing agribusinesses into four categories according to their consistency with mitigation objectives...

Transforming the finance sector with technical assistance
Publication date 24 Jun 2021

We assessed whether and to what extent the provision of technical assistance can help to transform the finance sector, using the example of support provided in the context of green bonds in China and Kenya. Main findings: In China, the government enacted a number of financial sector reforms to ease green finance flows, including green bond regulations. Technical assistance played a key role in supporting the establishment of China’s green bond market. In Kenya, the Kenya Bankers Association, together with the Nairobi Securities Exchange and international donors launched a Green Bond Programme...

Aligning Financial Intermediary Investments with the Paris Agreement
Publication date 23 Jun 2021

In order for development finance institutions, including multilateral development banks and bilateral, regional and national development banks to “align” themselves with the Paris Agreement, they must make sure that their activities conducted through financial intermediaries are also aligned. It is important for intermediated finance to align with overall temperature and resiliency objectives both in terms of direct but also indirect impact. In addition, development finance institutions should conduct due diligence to ensure that intermediaries meet transparency and governance requirements on...

Operationalization Framework on Aligning with the Paris Agreement
Publication date 04 Jun 2021

In 2017, the International Development Finance Club (IDFC) together with the group of Multilateral Development Banks (MDBs) made a joint commitment to “align financial flows with the Paris Agreement”. With this framework, NewClimate Institute and I4CE provide IDFC members with clear and practical guidance on how to align their operations with the requirements of the Paris Agreement. Main findings: In 2017, the International Development Finance Club (IDFC) together with the group of Multilateral Development Banks (MDBs) made a joint commitment to “align financial flows with the Paris Agreement”...

Operationalization Framework on Aligning with the Paris Agreement

A framework for development financial institutions which provides a selection of tools and approaches to align financial flows with the PA.

Strengthen national climate policy implementation: Comparative empirical learning & creating linkage to climate finance

This project supports NDC implementation in partner countries with research-based policy advice and capacity development.

Climate, COVID-19, and the Developing Country Debt Crisis
Publication date 01 Apr 2021

The triple COVID-19, economic, and climate crisis poses a growing challenge to debt sustainability and financing for climate action. There are growing calls to look for solutions for the three crisis together, notably through “debt-for-climate” swaps. Though not a general panacea, such proposals may represent an attractive option for both debtors and creditors. As an input into this ongoing discussion, this working paper proposes several potential broad criteria and proxy indicators as a starting point to identify countries where such debt swaps could be piloted, potentially with lessons...

Three things development finance institutions can do to ensure Paris alignment of intermediated finance
Publication date 30 Mar 2021

Development banks not only provide finance directly to specific projects, they also channel funds to financial intermediaries, for example local banks, in developing and emerging economies. Development banks, notably including the major multilateral development banks and members of the International Development Finance Club (IDFC) have committed to align themselves with the Paris Agreement. While they have made (some) progress with establishing Paris lending criteria for their direct lending activities – clear rules and guidance for how to align “intermediated lending” with the Paris Agreement...

Renovation in Poland
Publication date 06 Jan 2021

In the coming years, Poland will gain access to unprecedented funds for thermal modernization of buildings. Limited monitoring of financial flows in the area of building renovation creates a risk of only partial and inefficient use of this opportunity. Main Findings: Thermal modernisation of buildings does not only play a key role in reducing greenhouse gas emissions but can also be an important stimulus measure for the recovery of European economies after the crisis caused by the COVID-19 pandemic. It is one of the key investment areas supported not only by the EU’s Multiannual Financial...

Landscape of climate finance: From supporting recovery globally to recent advances in the CEE region
Venue Online
Date 27 Oct 2020

Aki Kachi presented on "Current trends in green recovery measures" at the "Landscape of climate finance: From supporting recovery globally to recent advances in the CEE region" Workshop (Session 1: Climate Investment: From Global to National Challenges – How Can Climate Finance Tracking Support Post-COVID Recovery Plans?) in October 2020. The event was organized within the framework of the EUKI-supported project “Landscape of Climate Finance: Promoting debate on climate finance flows in Central Europe”, jointly implemented by I4CE, NewClimate Institute and WiseEuropa. This workshop aimed to...

Unpacking the finance sector's investment commitments
Venue Climate Week NYC 2020
Date 28 Sep 2020

Katharina Lütkehermöller, Thomas Day (both NewClimate), Mark Roelfsema (Utrecht University), Jesica Andrews (Net Zero Asset Owner Alliance, UNEP Finance Initiative) and Emily Kreps (CDP) presented on "Unpacking the finance sector's investment commitments: What climate impact can regions, cities, businesses, and specifically financial institutions deliver?" at Climate Week NYC in September 2020. We presented the dynamic field of non-state and subnational action, its opportunities and uncovered potential for climate ambition. Specifically, we focused on climate ambition in the financial sector...

Unpacking the finance sector’s climate related investment commitments
Publication date 22 Sep 2020

Financial institution’s climate-related investment targets have rapidly grown in recent years. In this report, we provide insights into the magnitude and ambition of these targets, and investigate their relationship with GHG emissions in the real economy. Specifically, this report maps out the financial sector’s climate-related investment targets against a range of indicators, such as monetary investments in ‘green’ projects, and required ‘green’ investments and GHG emission reductions. It thereby considers both climate-related investment pledges made by individual financial institutions as...

Aligning transport investments with the Paris Agreement
Publication date 17 Sep 2020

As the key European public finance institution, including in the EU’s COVID-19 response measures, the EIB can and should play a prominent role in the decarbonisation of the transport sector, especially in its aspiration to be the “EU Climate Bank”. Our analysis of the EIB's transport investment portfolio since 2015, finds that about half of transport-related investments are clearly “aligned” with the Paris Agreement. We propose Paris alignment evaluation criteria, including key factors to take into consideration, and a number of investment priorities for the EIB to not only align all its...

Deep Decarbonisation in Latin America

Create an improved policy and regulatory framework to mobilise investments to achieve the long-term goals of the PA in Latin America.

Multilateral Development Banks Have Made Progress Towards Paris Alignment, but Still Need to Fill in Critical Details
Publication date 19 Mar 2020

The Paris Agreement sets out the ambitious task of aligning all financial flows with its goals to avoid the worst impacts of warming. Multilateral Development Banks (MDBs) have an important role to play in making this goal a reality. Their development mandates, technical expertise, and track record on climate finance mean that MDBs can lead the way by helping developing countries avoid fossil fuel-intensive development pathways, by developing the necessary standards and investment criteria to assess the alignment of investments with the Paris Agreement’s goals, and by helping to mobilise...

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