Breaking news - Sustainable Finance
What’s new in sustainable finance?
Every week, Carbon4 Finance shares the latest headlines in sustainable finance.
According to a recent study published by I4CE, in 2022, climate investments in the EU rose by 9%. However, there remains a gap as investments in energy, transport, and building modernization need to double for the EU to meet its 2030 climate goals, with the EU's climate investment deficit standing at €406 billion per year.
The IFRS Sustainability Symposium in New York City convened over 1,000 stakeholders from 50+ jurisdictions to discuss global adoption of ISSB Standards, with regulators sharing insights and companies voluntarily applying the standards to meet investor demands for consistent, comparable sustainability information.
The European Central Bank (ECB) updated its Guide to internal models, clarifying rules on banks' internal models including provisions for climate-related risks and common definitions of default. The revised Guide, influenced by 625 comments from a public consultation, aims to support banks in calculating risk-weighted assets accurately and consistently, facilitating ongoing model monitoring by ECB Banking Supervision.
