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Depleting the Climate Trust Fund

Depleting the Climate Trust Fund

A confusing financial ecosystem is impeding the provision of climate finance to developing countries, and threatens to destroy what trust remains between rich nations and the Global South.

Weekly data

Eight out of the top ten institutional investors in the global coal industry are American

Top ten institutional investors in the coal industry overseas (Source: Urgewald - Financing GCEL 2020)

Investor Total, $mn
Vanguard (US) 85,852
BlackRock (US) 84,355
Capital Group (US) 38,351
State Street (US) 32,505
Government Pension Investment Fund (Japan) 29,083
T. Rowe Price (US) 15,436
Fidelity Investments (US) 14,857
Government Pension Fund Global (Norway) 14,572
JPMorgan Chase (US) 14,232
TIAA (US) 13,829

White Papers

How the EU can get its grid ready for net zero

Vast offshore generation is not a goal in itself, costs for new ‘transit' infrastructure need redistributing and hydrogen needs a business case, says Christian Zinglersen, director of the EU agency promoting cooperation among energy regulators.

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