Low angle view of modern skyscrapers in Midtown Manhattan.

Climate Finance

State of Green Banks 2020: A Global Movement in the Making

While the attention of the world is on a rapid and sustainable COVID recovery, increasing climate change risks continue to loom large. Recovery will require investments that create jobs and ensure not only immediate green recovery, but also long-term sustainable development. We need ready solutions that promote local development of…

Banks and Climate Action: Taking Stock of Recent Commitments

Recent months have seen major moves on climate action by some of the world’s largest private banks, including JPMorgan Chase, HSBC, and Morgan Stanley. What sets this latest wave of climate pledges by financial institutions apart from past announcements? Building on previous commitments that increase green investments or restrict financing…

Spending Inside the Box

When we think about measures to address climate change, we often think of solar panels or wind farms. While it is true that we need to transition to renewable energy, investment in clean energy generation is only one piece of an economy-wide climate puzzle. To fully decarbonize, we need to…