Climate signals blinking red, a test for global leadership at COP24 (podcast)

  Updates from COP 24 La la la la la. The U.S., Saudi Arabia, Russia and Kuwait objected to the COP “welcoming” the October U.N. report on the impact of a temperature rise of more than 1.5C. They want only to “take note” Institutional investors managing $32 trillion in assets called out governments to boost their ambitions

Shell to link short-term carbon emission reductions with executive pay

  • What it signals: The willingness of oil and gas majors to play ball with the big capital allocators – who increasingly view climate change as a major systemic risk facing society… and their long-term portfolios – as well as Shell’s desire to be seen at the forefront of the energy transition.

Dutch development bank FMO adds €20 million to Green for Growth Fund

  • The Green for Growth Fund has loaned hundreds of millions of Euros to borrowers, ranging from a hydro-power developer in Albania, a bank in Egypt developing a line of green finance products, and a financial institution in Ukraine helping households reduce energy costs and consumption.