research Bridging the Nature Finance Gap: Aligning South Korean Banks with the Global Biodiversity Framework
2024-10-27
Climate Finance
Why
The fossil fuel industry relies on massive amounts of financing, from loans to bonds, to continue operating. Stopping this money pipeline is key to decarbonizing fossil fuel companies and accelerating the global energy transition.
Goal
Most importantly, the financial sector, including banks, insurance companies, and institutional investors, needs to phase out fossil fuel financing. It must also be transparent about climate-related risks, opportunities and plans.
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