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The two-year initiative will help Kenyan banks and financial institutions to better embrace climate finance best practice across all activities and catalyse new funding for green projects and better assess
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LGPS authorities would need to report annually on how well their assets are aligned with the Paris climate agreement
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Pension savers will, for the first time, be able to see the impact of their investments and better understand how climate risks are being considered and mitigated
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It will review its investments in energy sector companies within the next four years, with a view to divest from the ‘riskiest’ fossil fuel companies that contribute to climate change by 2025
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The Network consists of 41 member countries, representing around $43tn or 86% of the total banking assets in emerging markets, aiming to transform their financial sectors towards sustainability
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Global measures supporting green finance more than doubled since 2015 but UN warns more are desperately needed to cut emissions
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It incorporates a forward-looking assessment of the climate risks countries face
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It enables them to evaluate how their investment portfolios would respond to different levels of global warming
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