Cities consume roughly 80 percent of the world’s energy production and spew out 70 percent of global energy-related greenhouse gas emissions. So, while cities are big contributors to climate change, at the same time they offer great potential for emission reductions.
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The European Investment Bank is the first issuer to link its individual green bonds to the projects they finance for the sake of transparency and accountability ahead of the Paris climate talks.
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Six of the largest U.S. banks have called for a strong, legally-binding universal climate agreement (Climate Deal) to emerge from the United Nations Paris climate conference in December.
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