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Top Investment, New York, NY (2025)

04/21/2022

Bitcoin ETFs signal another step forward for digital currencies.
The views and opinions expressed in this article are those of the author.
History was made recently with the launch of the first ever Bitcoin exchange traded fund (ETF) authorised to begin trading on US exchanges. As the buzz and excitement around this potential (and now verified) approval grew, the price of Bitcoin and other crypto assets closely followed.
Subsequent to the banning – yet again – of Bitcoin and other crypto mining and trading activity in China by the People’s Bank of Chain (PBoC), this rebound has been particularly bullish.
Bitcoin, almost immediately following the launch of this ETF product, hit all-time-highs and continues to drive institutional interest and investment both in the US and internationally.
https://www.euronews.com/next/2021/10/27/bitcoin-etfs-signal-another-step-forward-for-digital-currencies

The Central Bank Digital Currency Think Tank explains the financial structure and implications of the newly launched ETF.

04/20/2022

COP26: Climate finance has to overcome many hurdles to be effective, the UN's eco finance chief says.
Meeting the COP26 pledges to cut greenhouse gas emissions will require a lot of money and support from the private sector.
The United Nations’ climate envoy Mark Carney said last week it would cost $100 trillion (€87 trillion euros) over the next three decades, adding that the finance industry should find ways to raise private money.
"The money is here - but that money needs net zero-aligned projects and (then) there's a way to turn this into a very, very powerful virtuous circle - and that's the challenge," the former Bank of England governor told attendees of the summit in Glasgow.
https://www.euronews.com/next/2021/11/11/climate-finance-is-a-dance-between-the-private-and-public-sectors-unep-fi-chief-says

The pressure for businesses to act is rising along with global temperatures. We ask the UN’s environment finance arm if climate finance is working.

04/19/2022

NatWest is cutting its lending to the oil and gas sector, in a bid to become net zero.
British bank NatWest cut lending to clients in the oil and gas sector by 21 per cent in 2021 and aims to limit it even further as part of efforts to decarbonise its loan book and reach net-zero emissions.Financial firms around the world are increasingly committing to the net-zero target in the fight against climate change, although most have yet to put firm plans in place, particularly over the shorter-term.
The figures were announced in the first update by NatWest. The bank warned in 2020 that it planned to cut off financing for larger oil and gas companies if they failed to have a credible plan to transition to net-zero.
NatWest said its lending to oil and gas companies fell a fifth to £3.25 billion (€3.9 billion) last year, and total lending to the sector now makes up just 0.7 per cent of its loan book.
https://www.euronews.com/green/2022/02/21/natwest-is-cutting-its-lending-to-the-oil-and-gas-sector-in-a-bid-to-become-net-zero

Total lending to the sector now makes up just 0.7% of its loan book.

04/18/2022

Don't be a fossil fool’ says ethical bank in green investment campaign.
Nearly two thirds of Brits don’t want banks to fund fossil fuel companies, preferring to opt for green investment instead, a survey by ethical bank Triodos has found.The self-proclaimed “leading ethical bank” in Europe is calling for customers to be more aware of where their money is going when they invest in a savings account. Founded in 1980 in the Netherlands, it has been in the UK for 25 years and aims to “democratise” the banking sphere. In response to the climate crisis, Triodos has launched a campaign called ‘Don’t be a fossil fool’ to raise awareness of the issue.
The results show six in ten of those surveyed acknowledge fossil fuels are damaging the planet, yet two thirds have no idea if their money is supporting fossil fuel production. UK customers could be unknowingly investing in the region of £16 billion in fossil fuels through their ISAs, says Triodos.
What’s more, “during a period of economic uncertainty, savers may well be rethinking how they invest and want to know whether they are banking with a brand that is giving back to the community,” states Rachel Springall, a Finance Expert at Moneyfacts.co.uk.
The ‘Don’t be a fossil fool’ campaign seeks to shine a light on the “chronic lack of transparency” in the sector, in regards to whether banks are investing in climate-damaging fuels, such as oil, gas or coal.
https://www.euronews.com/green/2020/04/01/don-t-be-a-fossil-fool-says-ethical-bank-in-green-investment-campaign

UK customers could be unknowingly investing around £16 billion in fossil fuels through their savings accounts.

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