Banking giants show 'superficial progress' tackling climate change
Despite some progress carrying out climate risk assessments over the last five years, the world's largest banks continue to lend to and invest in highly polluting sectors.That is according to a global study of 58 banks, which found that 40% have failed to develop any new financing restrictions or exclusions for high-carbon industries. This is despite 69% having endors
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Limiting global warming to 2°C above pre-industrial levels is now possible if all nations honour the climate pledges made at the Glasgow COP26 conference last year, a new study has found.
Dr Barbara Buchner, global managing director of Climate Policy Initiative, tells Chris Seekings about the urgent need to raise climate finance for developing nations, and how far we are from the US$100bn goal