World’s two largest asset managers have invested $170bn in coal
Institutional investors have maintained more than $1 trillion worth of investments in the thermal coal industry despite the sector’s significant contribution to climate change. (
Stock image.)
The world’s two largest money managers have built a combined $170 billion investment portfolio in coal using money from people’s private savings and pension contributions, despite a global push for carbon neutrality, a new report shows.
The eye-popping figure pales in comparison to the astronomical $1 trillion in coal investments held by 4,488 institutional investors as of January this year, a report by more than 25 green groups led by German non-profit Urgewald, reveals.
Letter of Credit Confirmation market’ Report @
A letter of credit is a financial tool, which guarantees the buyer’s payment to the sellers during the trade. It is used in both domestic and international trades market in order to facilitate secured payment terms and transactions globally. In addition, a bank or a financial institution acts as a third-party between the buyer & the seller, which issues a letter of credit and guarantees the payment of funds on the completion of certain commitments, mentioned in the trade documents. Furthermore, for confirmation of letter of credit transaction usually involves two banks namely, the buyer’s bank which is an issuing bank and the seller’s bank which is a confirming bank. The payments are guaranteed by the issuing bank that further issues a letter of credit on behalf of the importer. Moreover, the confirming bank adds its confirmation to the letter of credit, assuming that the terms & condition for existing trade are fulfilled
The growing appetite for green finance
Bridge to a better tomorrow
From the skyscrapers of Singapore to the river deltas of Bangladesh, the Covid-19 pandemic has drawn attention to global inequities, and expanded the gap between the world’s “haves” and “have-nots”. While banks and governments have been exploring green finance for some time, the pandemic has both highlighted the need for a just financial system and drawn attention to a broader issue facing the world: climate change.
Put simply, green finance refers to finance that incorporates environmental, social and government regulations into business and investment decisions, driving benefits for society as a whole. It signals a shift from the ends-driven model towards one which values outcomes that are good for the planet and its people.
Joint Submission Concerning Japanese Business Entities Operating in Myanmar hrw.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hrw.org Daily Mail and Mail on Sunday newspapers.
tanmayFebruary 16, 2021
The Global
Trade Finance Market Research Report Forecast 2021 – 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report also takes into account the impact of the
novel COVID-19 pandemic on the Trade Finance market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehend Trade Finance data that enhances the understanding, scope, and application of this report.