ECB economic climate stress test reveals: "Climate change [...] represents a major source of systemic risk, particularly for banks with portfolios concentrated in certain economic sectors and geographical areas."
#ESG#climatechange#ECB
https://t.co/HDrQkN4RZ9
"The really, really scary thing about the climate crisis is that every single achievement of every human society on Earth occurred under a climate that no longer exists" @SimonLLewis in @guardianeco#IPCC#ClimateCrisis#ClimateAction
https://t.co/ngo2hu7OZZ
Court ruling against #Shell marks the potential risk of #NetZero non-compliance for the company but possibly also other heavy polluters in the future
#shellclimatecase#ClimateAction
Court orders Royal Dutch Shell to cut carbon emissions by 45% by 2030 https://t.co/8ZglF26C5x
Such pernicious technophilia has infected our public discourse over climate change in the wake of @BillGates book & his dismissive take on the potential to decarbonize w/ existing (renewable energy) technology (see: https://t.co/9hZFWBlabo )
https://t.co/LIDQ7HPP6a
"50% of the carbon reductions needed to get to net zero will come from technologies that have not yet been invented"
Great news! I spoke to Harry Potter and he said he will team up with Gandalf, Sherlock Holmes & The Avengers and get started right away!
https://t.co/oW8oI2Fryb
In other words 50% of #US emission cuts will be deferred to a point in time were we invent and scale some silver bullet technology that we don't know of yet in a market that does not even exist today and all in time to avoid a #ClimateCrisis - sound plan 🤡
🚫 #ClimateAction
Today is #EuropeDay! 🇪🇺
On this day in 1950, the Schuman Declaration proposed the creation of a European Coal and Steel Community, the European Union’s ancestor.
Only through unity and solidarity are we able to maintain the European project.
Together we are stronger.
With large inflows of capital into funds that "claim to have a #Sustainability objective" the need for #transparency and robust governing standards that move beyond claims becomes apparent
Sustainable fund inflows hit record high in Q1 - Morningstar https://t.co/5rvM5KtiUA
WIR HABEN GEWONNEN!!! Unserer #Klimaklage vor dem #BVerfG wurde zugestimmt. Es ist riesig. Klimaschutz ist nicht nice-to-have, Klimaschutz ist unser Grundrecht. Jetzt kämpfen wir weiter, für eine 1,5 Grad Politik, die unsere zukünftigen Freiheiten schützt, statt sie zu gefährden.
"The longer we pretend that an incremental greening of finance-as-usual will be sufficient to get to net-zero, the more painful and destabilising the necessary adjustments will be when they come."
#sustainablefinance#NetZero
https://t.co/jjFwWQCDno via @REvents_SustBiz
The EU can ensure the transition in finance and prevent greenwashing with:
✅ a clear EU taxonomy
✅ proposal for a Corporate Sustainability Reporting Directive
✅ 6 amendments on sustainability preferences in advice and fiduciary duties
#SustainableFinanceEU#EUGreenDeal
Today could be the last negotiation round on the #EUClimateLaw.
We must save the #EUGreenDeal - we need an ambitious emission reduction target!
Join us in calling your environmental minister to listen to science: https://t.co/BYAuc1qaAT
#NoMoreEmptyPromises#SaveTheGreenDeal
Investing into #renewableenergy projects remains rather pointless as long as operations are linked to questionable logging & business practises in Eastern #Europe and #Asia
🚫#ClimateAction#IKEA owner sets aside 4 bln euros for green power projects https://t.co/74b1MW79ci
#EUCommission experts define sustainable economic activities for green investments #EUtaxonomy:
Fossil gas lobby: but we are green 😇🤑
🇮🇩: we got you #fossilgas
🇫🇷: oh shit! ☢️ must be green!
🇸🇪: our bioenergy destroying native forests & biodiv is green! 🍃
science:🤦♀️😩
Delaying the decision on classing #gas & #nuclear as a #green#Investment only defers the dispute on the #taxonomy ➡️🚫Gas cannot be green🚫
#ClimateAction#EU to define what makes a 'green' investment in transport, industry, buildings -draft https://t.co/Jqi8d1HfYA
E3G's @byfordt spoke to @RHarrabin@BBCEnvironment about how U.S. will want action on China's domestic #coal use for upcoming #climate summit. "China is operating half the world’s coal capacity – and it’s still been expanding despite the pandemic.”
https://t.co/xSFz4D6GCg