Political wrangling over the classification of nuclear energy in taxonomies contradicts the low-carbon ambition of the Paris Agreement, Philippe Knoche, CEO of Orano, said last week during World Nuclear Association's Strategic eForum on Sustainable Finance. Knoche was joined on the panel by representatives of the International Monetary Fund, Rothschild & Co, Brazil's National Bank for Economic and Social Development, Banque de France and the Network for Greening the Financial System, who all said investment in new nuclear projects requires political consensus that is currently absent from some debates on sustainable finance.
Energy & Environment 23 March 2021
Greening the financial system involves looking beyond reference scenarios and towards tools that measure exposure to climate risk, Morgan Després, deputy head of the Financial Stability Department at Banque de France, said yesterday during World Nuclear Association's Strategic eForum on Sustainable Finance. Després, who leads the secretariat of the Network for Greening the Financial System, said a bank's traditional mandate will change as it re-evaluates the boundaries of monetary policy. To help with this process, a 'colour continuum' from light green to dark brown is needed to understand better the value - and risk - of investments in the clean energy transition.
Energy & Environment 19 March 2021