As the revision of the #SFDR comes to an end, I am joining @reclaimfinance.org and +120 experts in calling on the @ec.europa.eu exclude companies developing new fossil fuel projects a minimum criterion across all #SFDR product categories.
There's no room for new fossil fuels in sustainable funds!

Once again a cery interesting, thought provoking and inspiring Finance and Society conference @finandsoc.bsky.social - looking forward to next year (whereever it's going to be)!
Thanks to numerous colleagues for intense discussions and critical questions!

We are thrilled to announce the public launch of our policy paper: "Financing the green transition: Increasing bankability, phasing out carbon investments and funding 'never bankable' activities" Monday 30.06.2025, 11:00 (CET) via Zoom.

Please register here:
www.uni-wh.de/die-finanzie...

We argue that shadow carbon financing may increase climate-related systemic risks in various ways (see Figures). Consequently, financial regulation must address shadow carbon financing to avoid a "climate Minsky moment"

Drawing on qualitative expert interviews and financial market data, the paper explains how the offshore-shadow-banking nexus hampers the green transition by introducing the concept of ‘shadow carbon financing’, which can operate through the following seven channels:

Recent years saw regulatory efforts to steer the financial system towards financing the transition to a net-zero economy and phase out carbon financing. However, EU regulation has left the nexus of offshore finance and the shadow banking system untouched.