Tom Herbstein

Insuring renewable energy projects: Barriers and recommendations for engaging the insurance sector

The United Nations Secretary General recently announced the need for USD 4,4 trillion per year to flow into renewable energy technologies by 2030, to meet the world’s 2050 net-zero targets. However, significantly less than that has materialised.  This scoping study provides an overview of the renewable energy sector, highlighting the pressure companies and governments face …

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Why the Principles for Managing Climate-Related Financial Risks is a game-changer for banks

The banking sector plays a critical role in the global economy, and as the effects of climate change become increasingly evident, it is imperative for banks to adapt their practices to address climate-related financial risks . In recent years, there has been a growing recognition of the need for a comprehensive framework to guide banks …

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Five reasons why Sustainable Finance is the future for the finance sector

The finance sector plays a vital role in driving economic growth and stability. However, it also faces numerous risks and challenges, particularly in the face of growing environmental and social issues. To address these challenges and promote a sustainable future, the finance sector must start to embrace sustainable finance. Here, we explore the key benefits …

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Decoding the Carbon Markets (Report Summary)

Carbon markets play a crucial role in addressing the global challenge of climate change. However, their effectiveness in reducing carbon emissions and driving decarbonization has been limited. In this summary, WeESG co-founder Dr Tom Herbstein summarises a recent paper he co-authored with Paul Fisher and Martina Garcia exploring why carbon markets were created, how they …

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