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Big banks' big footprint: UK financial institutions responsible for double UK's annual carbon emissions, report warns

Big banks big footprint: UK financial institutions responsible for double UK s annual carbon emissions, report warns
Jessica Rawnsley
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Green campaigners warn City of London would be ninth biggest emitter of CO2 in world if it was a country in fresh analysis of financial sector s environmental impact
UK banks and investors are responsible for almost double the UK s net annual carbon emissions, a damning new report by WWF and Greenpeace has found.
The analysis argues that based on the carbon footprint of its multi-billion pound investment portfolios, The City of London would be ranked the ninth biggest emitter of CO2 in the world if it was a country - boasting more emissions than Germany. In 2019, UK financial institutions were responsible for financing 805 million tonnes of CO2 emissions, according to the research by the environmental charities. ....

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UK banks and investors responsible for nearly double the UK's annual carbon emissions, report finds

New report finds UK financial institutions are responsible for 1.8 times the UK’s annual net emissions of CO2
Finance sector is driving the high carbon economy, yet there is currently no requirement for it to reduce its emissions in line with government targets – unlike other industries
Greenpeace UK and WWF call for legislation to align the UK finance sector with the Paris Agreement
A new report [1], published today (25 May 2021) by Greenpeace UK and WWF, finds that UK banks and asset managers were responsible for financing 805 million tonnes of CO2 in 2019, which would make The City of London the 9th biggest emitter of CO2 in the world if it were a country – ranked higher than Germany [2]. The new research points towards finance as one of the UK’s biggest contributors to climate change and supports calls for regulation to be introduced across the sector to bring it into line with Paris Agreement targets. ....

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A new plan to make our asylum system firm but fair

A new plan to make our asylum system firm but fair
© Provided by The Independent
I read in
The Independent this week about an incredibly sad and traumatic case of a newborn baby who died in France.
The journalist reports that this family fled persecution in Iraq, left Turkey because they felt unwelcome, were exploited by traffickers and passed through several safe European countries including Germany, Belgium and France where they were allegedly mistreated.
My thoughts go directly to the family who experienced this heartbreaking loss.
By the time this family made their way to Europe the global system had already failed them. ....

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