The world’s top three credit rating agencies – S&P Global, Moody’s, and Fitch – still assign high investment-grade ratings to companies with weak ESG credit scores. This could expose investors looking for long-term returns to abrupt rating downgrades, a new study says.
EXCLUSIVE: This revision – which comes as banks face increasing scrutiny over their fossil fuel decarbonisation targets – will better reflect the UK lender's progress in reducing financed emissions, as the long-used revenue-based carbon intensity model “can be very misleading,” StanChart's chief sustainability officer Marisa Drew told Eco-Business.
The 25-year-old behind Society of Renewable Energy, a student network with over 3,000 members, has access to government leaders, businesses and the coal industry. He believes youths need to be engaged in Indonesia's climate efforts.
Last year, Indonesia and G7 announced a new energy transition funding mechanism called the Just Energy Transition Partnership (JETP). However, Indonesia’s 2024 general elections and the oligarchy have added uncertainty to its implementation.
The first global sustainability reporting standards, to include new requirements for Scope 3 emission, is expected to be published in June 2023. Energy companies would be wise to have robust decarbonisation plans, as opportunities for greenwashing will be limited once full emissions are reported.
Given the scale and complexity of the transition away from hydrocarbons, some worry that economic analysis has been given short shrift in the policy planning process. At least four major challenges stand in the way.
In the video, environmental law group ClientEarth compares the oil and gas giant's advertisements on its low-carbon investments to a burger chain claiming that they’re vegan because they’ve got salad on the menu.
We're screwed, claims a government parody ad, as politicians drag their heels on climate change. Taking a shot at the Australian government, the video exposes the absurdity of longstanding political inaction to address the climate crisis and puts out a not-so-subtle call for collective action.
Eco-Business talks to Peter Kiernan, lead energy analyst for the Economist Intelligence Unit, to unpack a new landmark report from the International Energy Agency, which proposes an immediate ban on fossil fuels extraction to curb global warming.
Laos has announced the construction of two new coal plants for this year, despite growing evidence that coal power comes with significant financial risk. What is holding back the country from tapping its rich clean energy resources instead?
The Philippines has ended new coal development as it pursues a low-carbon future. Don Paulino of non-profit Philippine Energy Independence Council and boss of Shell's exploration arm, argues why natural gas should remain in the energy mix.