New Climate Capitalism
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New Climate Capitalism is a podcast about change-makers working at the intersection of activism, finance, and investment.
New Climate Capitalism
1y ago
Today I am talking with Elaine Johnson from the Environmental Defenders Office about climate litigation in Australia. With a unique situation as a rich country on the frontlines of climate impacts and a coal exporter, Australia has emerged as a world leader in climate litigation and 2022 was a bumper year.
Among the big headline wins was the Tiwi Santos case which barred oil and gas company Santos from offshore drilling in the Northern Territory, and another which shut down billionaire Clive Palmer’s plans for a coal mine in Queensland.
As this field matures, we are seeing new frontiers emerge ..read more
New Climate Capitalism
1y ago
Today we are excited to welcome back Sony Kapoor to the podcast, and we’re talking about the Bridgetown Initiative, a new plan - an exciting new plan - to overhaul the international financial system to unlock huge flows of finance to the global South for the energy transition.
Now disagreement between the North and the South on how to finance the latter’s exit from fossil fuels provides a useful lens on a wider problem about the geo-economics of today’s world of multiple, intersecting crises.
Sony outlines the nuts and bolts of this new plan - championed by the Prime Minister of Barbados, Mia ..read more
New Climate Capitalism
1y ago
Welcome to Episode 12 of New Climate Capitalism.
Philanthropic foundations are not generally known for being players in green finance but that started to change a few years ago, and right now more and more players are diving into the space.
To find out what’s going on, I talked to Marilyn Waite, who leads the climate and sustainable finance work at the Hewlett Foundation. Right now that’s a portfolio worth 75 million US dollars over five years.
Foundations are special because their non-accountability allows them to be very nimble and responsive, and this gives them tremendous leverage to co ..read more
New Climate Capitalism
1y ago
For the last episode of Season One, U.S. climate scientist Kim Nicholas gives a brief on the latest research, and whether or not we can be hopeful about 2021. She has a new book coming out soon about climate change called “Under the Sky We Make” which everyone should read.
This is a very special conversation in which Kim talks openly about something we don’t often hear about in the news.
Thanks to Greta, more and more people are listening to the science. But have you wondered about the emotional impact that doing the science has on the scientists themselves?
In fact, many climate scientists ..read more
New Climate Capitalism
1y ago
When the news broke in May that Rio Tinto had blown up an ancient Aboriginal site to mine for premium iron ore, the world reacted in horror and disbelief.
Five months on, the CEO and 2 senior executives have been sacked. But what have we learned, and what are the prospects for change? The kind of change that guarantees such a tragedy will never happen again.
To find out, I talked to Brynn O’Brien, Executive Director of the Australasian Centre for Corporate Responsibility (ACCR), which coordinated an activist investor campaign against Rio Tinto. Some are calling this a landmark case, a turnin ..read more
New Climate Capitalism
1y ago
Today’s guest is Paul Bodnar, Managing Director of the Rocky Mountain Institute.
We talk about their recently launched Centre for Climate-Aligned Finance, which is a promising new approach to decarbonizing the financial sector inspired by the shipping finance sector.
What’s very cool about talking to Paul is that he used to work in the Obama administration as a climate expert, and was part of the US team that worked on the negotiations that gave us the Paris Agreement. So we start out with a flashback to those suspenseful moments at the conference centre at Le Bourget back in 2015, and trace ..read more
New Climate Capitalism
1y ago
Thierry Philipponnat is Head of Advocacy and Research at the Brussels-based NGO Finance Watch, and author of a new report called “Breaking the Climate-Finance Doom Loop”. In this episode, he explains why banks are trapped in this cycle of continuing to fund risky oil and gas exploration and operations which put the stability of the entire financial system at risk. And how that doom loop can be broken through a simple tweak to the rules on banks capital risk requirements under European law.
Banks are coming under fire for bankrolling the brown economy. Central banks and regulators acknowledge ..read more
New Climate Capitalism
1y ago
Today’s episode is a master class in green and sustainable finance with Daniel Klier, Global Head of Sustainable Finance at HSBC. What’s the impact of COVID-19 on sustainable investing? What trends are emerging, and what to expect in the post-crisis recovery? Why is risk disclosure so important for the future of sustainability? Are we on the brink of a revolution in greening personal finance?
Don’t miss this episode, Daniel really does provide remarkable clarity on all these topics which are often obscured by jargon and acronyms.
This is a public episode. If you would like to discuss this wi ..read more
New Climate Capitalism
1y ago
My first guest is Sony Kapoor, he’s Managing Director of the Nordic Institute for Finance, Technology and Sustainability. Since we spoke in March, the oil price has hit new historic lows and underscored how Norway is cautionary tale on the epic battle ahead on how to decouple from heavy fossil-dependency. We talked about the Norway Oil Fund, and how it’s become a flashpoint between politics, finance and civil society about Norway’s economic future.
Despite Norway’s image as a clean, green, Nordic nation, it shares some surprising traits in common with other oil producing countries like Kuwait ..read more
New Climate Capitalism
1y ago
The summer of 2022 may go down in history as the moment the world woke up to the global water crisis. So I’m thrilled to introduce today’s conversation with Nigel Crawhall, who heads up the local and indigenous knowledge division at UNESCO.
What I wanted to learn about is a recent upsurge in demand for indigenous perspectives and solutions in the water space. Nigel recently attended an important UN meeting on water in Tajikistan where he facilitated a first ever forum for indigenous people to have a voice in this political process to reshape how we think about and and act on water in an era o ..read more