The Energy Mix

Top Menu

  • Special Reports
    • Alberta’s Bitumen Pipe Dream
    • City and Sub-National Climate Action
    • Drawdown
    • Drive to 1.5
    • The Energy Mix Yearbook 2018
      • Climate Extremes
      • Fossils Go For Broke
      • Renewables (R)Evolution
      • Electric Vehicles
      • Canada’s Contradiction
      • Pipeline Politics
      • COP24
      • Jobs and Just Transition
      • Cities and Sub-Nationals
      • Finance and Divestment
      • Climate Litigation
  • Opinion & Analysis
  • Subscribe
  • Donate
  • About Us
  • Which Energy Mix is this?
  • Partners
  • Contact
  • Privacy Policy

Main Menu

  • Climate & Society
    • Carbon Levels & Measurement
    • Climate Action/”Blockadia”
    • Climate Denial
    • Climate Policy/Meetings/Negotiations
    • Culture, Curiosities, & Humour
    • Demographics
    • Energy Politics
    • Energy/Carbon Pricing & Economics
    • Energy Subsidies
    • Finance & Investment
    • First Peoples
    • Insurance & Liability
    • International Agencies & Studies
    • Jobs
    • Legal & Regulatory
    • Media, Messaging, & Public Opinion
    • Methane
    • Post-Carbon Transition
    • Travel, Leisure & Recreation
  • Climate Impacts & Adaptation
    • Biodiversity & Habitat
    • Drought, Famine & Wildfires
    • Food Security
    • Forests & Deforestation
    • Health & Safety
    • Heat & Temperature
    • Human Rights & Equity
    • Ice Loss & Sea Level Rise
    • International Security, Migration & War
    • Severe Storms & Flooding
    • Soil & Natural Sequestration
    • Water
  • Demand & Distribution
    • Air & Marine
    • Auto & Alternative Vehicles
    • Batteries/Storage
    • Buildings
    • Cities
    • Electricity Grid
    • Energy Access & Equity
    • Off-Grid
    • Petrochemicals & Plastics
    • Supply Chains & Consumption
    • Transit
    • Walking & Biking
  • Jurisdictions
    • Africa
    • Arctic & Antarctica
    • Asia
    • Australia
    • Brazil
    • Canada
    • China
    • Europe
    • India
    • International
    • Mexico, Caribbean & Latin America
    • Middle East
    • Oceans
    • Small Island States
    • South & Central America
    • Sub-National Governments
    • United States
  • Non-Renewable Energy
    • CCS & Geoengineering
    • Coal
    • Nuclear
    • Oil & Gas
    • Pipelines/Rail Transport
    • Shale & Fracking
    • Tar Sands/Oil Sands
  • Renewable Energy
    • Bioenergy
    • Demand & Efficiency
    • General Renewables
    • Geothermal
    • Hydro
    • Research & Development
    • Solar
    • Wave & Tidal
    • Wind

logo

The Energy Mix

  • Climate & Society
    • Ottawa Pays Out $600M for Suncor's Mideast Adventures

      February 18, 2019
      0
    • Saskatchewan Announces 23 Solar, 15 'Carbon-Neutral' Fossil Projects

      February 18, 2019
      0
    • Montana Judge Mostly Keeps Keystone XL Injunction in Place

      February 18, 2019
      0
    • $7.5-Billion Atlantic LNG Project Poised for Final Decision

      February 18, 2019
      0
    • Texas Sees 80% of New Power Coming from Wind, Solar in 2019

      February 18, 2019
      0
    • Mammoth U.S. Utility Snubs Trump, Votes to Close Two Coal Plants

      February 18, 2019
      0
    • Milwaukee Invests in Solar, Slams Utility for Stifling Market

      February 18, 2019
      0
    • U.S. States Look for Models to Cut Transport Emissions

      February 18, 2019
      0
    • Ontario Introduces Carbon Tax After Railing Against Carbon Taxes

      February 15, 2019
      0
    • Carbon Levels & Measurement
    • Climate Action/”Blockadia”
    • Climate Denial
    • Climate Policy/Meetings/Negotiations
    • Culture, Curiosities, & Humour
    • Demographics
    • Energy Politics
    • Energy/Carbon Pricing & Economics
    • Energy Subsidies
    • Finance & Investment
    • First Peoples
    • Insurance & Liability
    • International Agencies & Studies
    • Jobs
    • Legal & Regulatory
    • Media, Messaging, & Public Opinion
    • Methane
    • Post-Carbon Transition
    • Travel, Leisure & Recreation
  • Climate Impacts & Adaptation
    • Runoff from Queensland Floods Threatens 300 Miles of Great Barrier Reef

      February 18, 2019
      0
    • Anti-Turbine Activists Spread Asbestos to Protest Netherlands Wind Site

      February 18, 2019
      0
    • Study Projects Warming Trends, Rain and Drought for 540 North American Cities ...

      February 15, 2019
      0
    • Climate Change Imperils Centuries-Old Speed Skating Race in Netherlands

      February 15, 2019
      0
    • Tropical Staple Trees Would Save 20.19 Gigatons of Carbon by 2050

      February 15, 2019
      0
    • U.S. Senate Adopts Major Public Land Conservation Bill

      February 15, 2019
      0
    • Local Traffic Concerns Block Approval of UK Firm's Second Big Fracking Site

      February 15, 2019
      0
    • More CO2 Won't Boost Tree Growth

      February 14, 2019
      0
    • Kids Have Lower Test Scores, More Absences After Moving to Schools Near ...

      February 14, 2019
      0
    • Biodiversity & Habitat
    • Drought, Famine & Wildfires
    • Food Security
    • Forests & Deforestation
    • Health & Safety
    • Heat & Temperature
    • Human Rights & Equity
    • Ice Loss & Sea Level Rise
    • International Security, Migration & War
    • Severe Storms & Flooding
    • Soil & Natural Sequestration
    • Water
  • Demand & Distribution
    • Saskatchewan Announces 23 Solar, 15 'Carbon-Neutral' Fossil Projects

      February 18, 2019
      0
    • Austin Energy Tests EV Batteries for Grid Services

      February 18, 2019
      0
    • Texas Sees 80% of New Power Coming from Wind, Solar in 2019

      February 18, 2019
      0
    • Milwaukee Invests in Solar, Slams Utility for Stifling Market

      February 18, 2019
      0
    • U.S. States Look for Models to Cut Transport Emissions

      February 18, 2019
      0
    • Analysts See Oil Industry’s Twilight, But Not Soon Enough to Hit Climate ...

      February 15, 2019
      0
    • Study Projects Warming Trends, Rain and Drought for 540 North American Cities ...

      February 15, 2019
      0
    • Baltimore Utility Cuts Peak Demand by 300 MW, Puts Money in Ratepayers’ ...

      February 15, 2019
      0
    • Volkswagen EV Now Cheaper to Own and Operate in Five EU Countries

      February 15, 2019
      0
    • Air & Marine
    • Auto & Alternative Vehicles
    • Batteries/Storage
    • Buildings
    • Cities
    • Electricity Grid
    • Energy Access & Equity
    • Off-Grid
    • Petrochemicals & Plastics
    • Supply Chains & Consumption
    • Transit
    • Walking & Biking
  • Jurisdictions
    • Ottawa Pays Out $600M for Suncor's Mideast Adventures

      February 18, 2019
      0
    • Saskatchewan Announces 23 Solar, 15 'Carbon-Neutral' Fossil Projects

      February 18, 2019
      0
    • Montana Judge Mostly Keeps Keystone XL Injunction in Place

      February 18, 2019
      0
    • $7.5-Billion Atlantic LNG Project Poised for Final Decision

      February 18, 2019
      0
    • Austin Energy Tests EV Batteries for Grid Services

      February 18, 2019
      0
    • Texas Sees 80% of New Power Coming from Wind, Solar in 2019

      February 18, 2019
      0
    • Mammoth U.S. Utility Snubs Trump, Votes to Close Two Coal Plants

      February 18, 2019
      0
    • Milwaukee Invests in Solar, Slams Utility for Stifling Market

      February 18, 2019
      0
    • Runoff from Queensland Floods Threatens 300 Miles of Great Barrier Reef

      February 18, 2019
      0
    • Africa
    • Arctic & Antarctica
    • Asia
    • Australia
    • Brazil
    • Canada
    • China
    • Europe
    • India
    • International
    • Mexico, Caribbean & Latin America
    • Middle East
    • Oceans
    • Small Island States
    • South & Central America
    • Sub-National Governments
    • United States
  • Non-Renewable Energy
    • Ottawa Pays Out $600M for Suncor's Mideast Adventures

      February 18, 2019
      0
    • Montana Judge Mostly Keeps Keystone XL Injunction in Place

      February 18, 2019
      0
    • $7.5-Billion Atlantic LNG Project Poised for Final Decision

      February 18, 2019
      0
    • Mammoth U.S. Utility Snubs Trump, Votes to Close Two Coal Plants

      February 18, 2019
      0
    • Italian Fossil Eni Buys Into Australian Solar Farm

      February 18, 2019
      0
    • Analysts See Oil Industry’s Twilight, But Not Soon Enough to Hit Climate ...

      February 15, 2019
      0
    • Supreme Court’s Redwater Decision Could Make Credit More Costly, Less Available for ...

      February 15, 2019
      0
    • https://en.wikipedia.org/wiki/Wikipedia:Featured_picture_candidates/Barrow_Offshore_Wind_Farm

      World’s Biggest Offshore Wind Farm Delivers First Power to UK Grid

      February 15, 2019
      0
    • Renewables Could Head Off EU Natural Gas Boom as Germany Phases Out ...

      February 15, 2019
      0
    • CCS & Geoengineering
    • Coal
    • Nuclear
    • Oil & Gas
    • Pipelines/Rail Transport
    • Shale & Fracking
    • Tar Sands/Oil Sands
  • Renewable Energy
    • Saskatchewan Announces 23 Solar, 15 'Carbon-Neutral' Fossil Projects

      February 18, 2019
      0
    • Texas Sees 80% of New Power Coming from Wind, Solar in 2019

      February 18, 2019
      0
    • Milwaukee Invests in Solar, Slams Utility for Stifling Market

      February 18, 2019
      0
    • Italian Fossil Eni Buys Into Australian Solar Farm

      February 18, 2019
      0
    • Anti-Turbine Activists Spread Asbestos to Protest Netherlands Wind Site

      February 18, 2019
      0
    • Baltimore Utility Cuts Peak Demand by 300 MW, Puts Money in Ratepayers’ ...

      February 15, 2019
      0
    • Utilities Seek New Identity, Different Revenue Sources in Post-Carbon Economy

      February 15, 2019
      0
    • https://en.wikipedia.org/wiki/Wikipedia:Featured_picture_candidates/Barrow_Offshore_Wind_Farm

      World’s Biggest Offshore Wind Farm Delivers First Power to UK Grid

      February 15, 2019
      0
    • Renewables Could Head Off EU Natural Gas Boom as Germany Phases Out ...

      February 15, 2019
      0
    • Bioenergy
    • Demand & Efficiency
    • General Renewables
    • Geothermal
    • Hydro
    • Research & Development
    • Solar
    • Wave & Tidal
    • Wind
Advanced Search
  • Special Reports
    • Alberta’s Bitumen Pipe Dream
    • City and Sub-National Climate Action
    • Drawdown
    • Drive to 1.5
    • The Energy Mix Yearbook 2018
      • Climate Extremes
      • Fossils Go For Broke
      • Renewables (R)Evolution
      • Electric Vehicles
      • Canada’s Contradiction
      • Pipeline Politics
      • COP24
      • Jobs and Just Transition
      • Cities and Sub-Nationals
      • Finance and Divestment
      • Climate Litigation
  • Opinion & Analysis
  • Subscribe
  • Donate
  • About Us
  • Which Energy Mix is this?
  • Partners
  • Contact
  • Privacy Policy
Carbon Levels & MeasurementClimate Policy/Meetings/NegotiationsDrive to 1.5Finance & InvestmentInternational Agencies & StudiesPathways to 1.5Post-Carbon Transition
Home›Climate & Society›Carbon Levels & Measurement›ING Directs €500-Billion Lending Portfolio Toward Paris Targets with ‘Science-Based Approach’

ING Directs €500-Billion Lending Portfolio Toward Paris Targets with ‘Science-Based Approach’

September 20, 2018
Full Story: Eco-Business @ecobusinesscom

September 20, 2018
Primary Author
0
0
Share:
  •  
  • 20
  •  
  •  
  •  
  •  
  •  
  •  
    20
    Shares
  Print This Story
Avda/Wikimedia Commons

Amsterdam-based financial institution ING Groep N.V. has unveiled plans to direct its €500-billion lending portfolio toward meeting the Paris Agreement target of holding average global warming to 2.0°C or less.

In a release this week, ING says it came up with a “cutting-edge, precise method to do this”, after first attempting an approach that didn’t work.

Like this story? Subscribe to The Energy Mix and never miss an edition of our free e-digest.

SUBSCRIBE

“ING had been working for several years to figure out the best way to measure the climate impact of its lending portfolio,” the company states. “After piloting a financed-emissions approach that ultimately could not be used, ING sought alternative methods for measuring and steering.”

Early this year, ING formed a partnership with the 2˚ Investing Initiative to extend that organization’s existing framework for analyzing stock portfolios to cover corporate lending. ING calls the resulting framework the Terra approach, and suggests it “could become the standard for how international banks set science-based targets”.

“Banks have a responsibility to finance change and we are stepping up to that,” said Isabel Fernandez, head of ING Wholesale Banking. “All banks will benefit from having an industry-wide standard, greater transparency on their alignment with the climate goals of the Paris Agreement and, as a result, collective effectiveness in fighting climate change.”

“We are delighted that a multinational bank such as ING helped us pioneer this methodology for financial service providers,” said 2°ii Managing Director Jakob Thomä. “The methodology—and its resulting two-degree aligned portfolios—will be an important contributor to combating climate change. We hope other banks will follow suit and adopt it as well.”

The partners’ “science-based approach” could have a significant impact, enabling banks “to direct their money towards financing technologies that support a low-carbon future instead of those that only measure a carbon-rich past,” the ING release says. The model “concentrates on the technology changes that companies in those sectors need to make in order to be aligned with the climate goals of the Paris Agreement. For example, it is not enough for automotive companies to lower emissions by producing fewer petrol-powered cars—they have to manufacture more electric cars, too.”

Share:
  •  
  • 20
  •  
  •  
  •  
  •  
  •  
  •  
    20
    Shares
  Print This Story

Leave a reply Cancel reply

Subscribe to The Energy Mix

The Energy Mix is your guide to climate change and energy issues and solutions. Whether you’re looking for the latest content on the impacts of climate change, the fossil industries that produce the emissions, renewable energy and energy efficiency alternatives, or climate solutions outside energy, you’ve come to the right place. Please send us your comments and story ideas!

SEE OUR LATEST DIGEST

Recent Posts

CanadaEnergy PoliticsICYMIInsurance & LiabilityMiddle EastOil & Gas

Ottawa Pays Out $600M for Suncor’s Mideast Adventures

  • Saskatchewan Announces 23 Solar, 15 ‘Carbon-Neutral’ Fossil Projects

    Full Story: CKRM Radio @620ckrm

    February 18, 2019
    Primary Author
    February 18, 2019
  • Montana Judge Mostly Keeps Keystone XL Injunction in Place

    Full Story: The Associated Press @AP

    February 18, 2019
    Primary Author
    February 18, 2019
  • $7.5-Billion Atlantic LNG Project Poised for Final Decision

    Full Story: JWN @JWNEnergy

    February 18, 2019
    Primary Author
    February 18, 2019
  • Austin Energy Tests EV Batteries for Grid Services

    Full Story: Greentech Media @greentechmedia

    February 18, 2019
    Primary Author
    February 18, 2019

Partners

Copyright 2019 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.