Deutsche Bank’s new tool to map climate investment risks

Deutsche Bank has created a new tool to identify the threats climate change poses to its investment portfolios worldwide. It is working in partnership with climate intelligence advisory firm Four Twenty Seven, which has mapped the physical locations of more than one million corporate facilities globally and uses climate science models to assess the likelihood […]

German bank and green fund sign deal to raise private finance

Deutsche Bank and the Green Climate Fund (GCF) have signed a deal to raise private capital for environmental action. The Accreditation Master Agreement (AMA) will enable the bank to use GCF funds to mobilise private investment for climate change mitigation. GCF has already approved the first funding proposal from Deutsche Bank, which combines capital from GCF and private investors to […]

Deutsche Bank to stop financing coal projects

Deutsche Bank has pledged to stop investing in coal projects in line with its commitment to the Paris climate agreement. The bank and its subsidiaries will not grant new financing for greenfield thermal coal mining and the construction of new coal-fired power plants, it said in a statement. It also aims to “gradually reduce” its […]

$1bn solar loans ‘to blossom for Japan’

Deutsche Bank is said to be planning loans worth around $1 billion (£0.6bn) to solar energy projects in Japan. Hans Van Der Sande at the German bank’s Tokyo branch said it is ready to dish out loans for three to six projects in the next year or 18 months, reported Bloomberg. He said: “We got […]

Deutsche Bank employees in court over alleged carbon crimes

A German court has heard from defendants this week over allegations of tax evasion. According to Reuters, one of the first six to stand trial, a 35-year-old defendant told the court that Deutsche Bank “set itself up” for tax evasion. A spokesperson for Deutsche Bank told ELN that the bank itself was not under investigation […]

SANYO make super-efficient solar

SANYO Electric Company have completed a solar power plant in the southeast Italy. One of the world’s largest tracking projects the project uses SANYO’s HIT solar modules, which follow the movement of the sun to maximise the surface area of the panel the sun can reach. SANYO’s role in the project was to provide its […]

IEA oil release hits market nerves

The International Energy Agency’s (IEA) release of emergency oil supplies has increased the market’s nervousness, claims Deutsche Bank. Last week the IEA announced that its members would make 60 million barrels of oil available to ease the pressure on supplies and help lower the price of oil, which has recently been hovering around $120 per […]