Global Institutions Exiting Coal | IEEFA

Since 2013 more than 100 global financial institutions have made increasingly tight divestment/exclusion policies around thermal coal.

How Temperature Has Changed in Each Country | Carbon Brief

How Climate Finance Flows Around The World | Carbon Brief

This diagram shows the average yearly amount of climate finance given by each OECD country on average in 2015 and 2016, and where that money went.

Donor countries are listed down the left-hand side of the diagram. The right-hand side shows the amounts which flowed to recipient countries or regions.

Will a 1.5 degrees target trigger a death spiral for oil and gas companies? | Renew Economy

“It is therefore important to think realistically about how such transitions occur and how society and the market will manage this one. Separately – and it is a quite separate issue – we also need to ask if there is a realistic likelihood of today’s oil and gas companies transitioning as corporate entities. Do they have a future? Or will they just fail – as incumbents most often do when faced with such dramatic market change?”

Climate Alliance Newsletter December 2018

Tackle climate or face financial crash, say world's biggest investors | The Guardian

Global investors managing $32tn issued a stark warning to governments at the UN climate summit on Monday, demanding urgent cuts in carbon emissions and the phasing out of all coal burning. Without these, the world faces a financial crash several times worse than the 2008 crisis, they said.

Climate Change Moves From Risk to Reward | Bloomberg Quint

Major financial institutions have joined together in the U.S. Alliance for Sustainable Finance under Bloomberg’s leadership. 

Sustainable finance: central banks test water on climate risks | Financial Times

Paul Fisher was recently interviewed by the Financial Times as part of an article on sustainable finance. The article provides a good summery of the activities in this area as well as some useful links.

The Climate Apocalypse Is Now, and It’s Happening to You | Wired

“Multiple cities will be uninhabitable and migration patterns will be far beyond those levels already creating pressure worldwide.” 

GFG Chairman Sanjeev Gupta awarded Climate Alliance Business Leader of the Year

Congratulations to Sanjeev Gupta!

World must triple efforts or face catastrophic climate change, says UN | The Guardian

Rapid emissions turnaround needed to keep global warming at less than 2C, report suggests.

Opinion | I was wrong on climate change. Why can’t other conservatives admit it, too? | Washington Post

The Three Most Chilling Conclusions From the Climate Report | The Atlantic

According to the report, human-caused climate change has heated and dried out the American Southwest, leading to deaths, enormous costs, and lingering health consequences.

We Are So Screwed: Study Warns Of 5 Degree Celsius Warming By 2100 | Clean Technica

Nice work, humans. We have conspired to foul our own nest so egregiously that our extinction is now all but assured. All that left to do is rearrange the deck chairs on the Titanic as we slowly but surely extinguish any chance that we have of survival.

APRA names panel, deadline for enforcement strategy review | The Australian

The Australian Prudential Regulation Authority has advised that deputy chairman John Lonsdale will head an advisory panel that will review its enforcement strategy. The members of the advisory panel are former judge Robert Austin, the ACCC’s Sarah Court and University of New South Wales professor Dimity Kingsford Smith. The review has been commissioned in response to criticism of APRA in the financial services royal commission’s interim report, which noted the regulator’s reluctance to prosecute banks and insurers for misconduct.

The forsaken children strike back: 21 young people sue to save planet | SMH

The Trump administration is being sued by 21 children on behalf of themselves and future generations.

CommBank commits to 100% renewables | Renew Economy

One of Australia’s biggest financial institutions, the Commonwealth Bank of Australia has become the first Australian-owned major corporate to pledge to go 100 per cent renewables, joining another 154 international companies that have signed up to the global RE100 program. 

Woodside Petroleum joins BHP and Rio Tinto to call for carbon price | The Guardian

‘By the time the science is proven, it will be too late to act,’ chief Peter Coleman says