The study shows that banks take only “surface” climate measures

The study shows that banks take only “surface” climate measures

Despite an explosion in green finance, banks have made only superficial changes to their lending practices, with fossil fuel funding going virtually unabated over the past years, according to a new report by Boston Common Asset Management released on Monday (11 November). The report “Banking on a Low-Carbon Future: Finance in a Time of Climate Crisis” highlights the slow pace of change when it comes to greening the financial system. Efforts to green the financial sector have been “largely superficial,” the report says, with banks “failing to change their lending…

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EU finance and education ministers hold “historic” meeting to increase skills investment

EU finance and education ministers hold “historic” meeting to increase skills investment

Ministers of finance and education of the EU member states met on Friday (7 November) for the first-ever joint Council with the aim of discussing the importance of education for a strong economy. “Today is a historic day, since for the first time ever we had the opportunity to discuss topics related to education together with finance and education ministers,” said Li Andersson, minister for education in Finland, which currently holds the Council’s rotating presidency. Although the ministers spent more than three hours discussing this issue, there were no proposals…

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