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IEA net-zero roadmap 'turning point' for energy sector ahead of COP26

After years of being judged a climate modelling laggard, the IEA has published a 'landmark' net-zero emissions roadmap which campaigners say raises the stakes for governments and companies ahead of the COP26 summit. Ahren Lester reports

Export credit agencies, governments could face fossil fuel financing legal challenge

Export credit agencies (ECAs) and the governments that control them could face legal action if they do not take action to reduce the level of fossil fuel-related financing they undertake, according to a legal opinion provided by two lawyers.

Shell's transition strategy divides opinion

News Round Up: Amundi, NGFS, Manulife, PGIM, and more

Reports claims NGFS must revise climate scenarios to drive decarbonisation in financial sector

IEA scenarios lead investors to undervalue climate risk, says report

The International Energy Agency (IEA)'s climate change scenarios are causing investors to undervalue transition risk and preventing countries from meeting their Paris Agreement targets, according to a group of researchers.

Insurers worth $1.2trn urge end to G20 fossil fuel subsidies

Insurers with $1.2 trillion in combined assets have urged G20 governments to commit to phasing out fossil fuel subsidies by 2020, ahead of next week's meeting in China.

Green Climate Fund criticised by NGOs for accrediting Deutsche Bank

Several NGOs have penned an open letter to the Green Climate Fund (GCF), warning that its decision to appoint Deutsche Bank to handle its funds threatened its credibility on environmental grounds.