Publications

Formal bank commitments to net-zero are facing challenges amid shifting policy perspectives. However, its economic rationale is very much alive for banks seeking (i) growth in green sectors, (ii) strategic alignment with regulatory changes and (iii) helping clients adapt through specialization.

The new release includes significant updates mainly focused on the chronic physical risk assessment, driven by a new damage function aligned with the latest research, resulting in greater projected output losses.

Despite high interest rates and geopolitics curbing economic activity, the reduction in coal consumption and the increasing penetration of renewables, CO2 emissions slightly increased in 2023 (0.1%), pushing the World closer to surpassing the 1.5°C warming threshold before 2030.

The environmental, social and economic impact of climate change highlight the growing concern for developing strategies to combat and mitigate its effects. Households approximately emit 20% of CO2 emissions, but their carbon footprint goes beyond that.

With COP 27 over, the balance of what has been achieved is a bit unsatisfactory: a missed opportunity to make decisive progress on mitigation, adaptation and climate finance, which is not offset by the progress in reparations for climate loss and damage.