August 2021 - Jan's notebook

Climate change and finance

Literature:

ESG risks for credit institutions and investment firms (EBA)
A climate stress-test of the financial system (Battiston et al, Nature climate change)
EU Taxonomy Compass
Biodiversity risks in the French financial system (Banque de France)
An analysis of the climate and biodiversity practices of Europe’s largest banks (ShareAction)

Global energy trends

The share of renewables and natural gas in the global primary energy mix is growing. Coal and oil are declining.

Source: bp’s Statistical Review of World Energy

China, Japan and South Korea stop financing foreign coal.

Who funds overseas coal plants? Mainly private capital.