Daniel Firger Profile picture
Climate investor, advisor, innovator & dad. Working w/@GreatCircleCap @EncourageCap @ClimateWorks @E3G & more. Formerly @bloombergdotorg @FSB_TCFD etc.
May 16, 2022 8 tweets 6 min read
We're nearing the third anniversary of an important @RockefellerFdn meeting on "The Future of Climate Finance" which I was lucky enough to convene at #RFBellagio. Well before #GFANZ was a thing, for better or worse, it's where the concept of "net zero-aligned finance" was born.🙄 Image Think back to June 2019, fully 6 months before Covid! The @IPCC_CH report on 1.5C had popularized science-based pathways to achieve net zero emissions by 2050. @UN Secretary-General @antonioguterres was planning a big conference on enhanced ambition... thehill.com/opinion/energy… Image
May 16, 2022 4 tweets 2 min read
New from @Carbon_Direct:

Survey of @GoldmanSchool's updated database of voluntary carbon offsets concludes that...

1⃣ Removals way too scarce on the 4 big registries; none* are durable!

2⃣ VCM has a quality problem, with ongoing reliance on risky project types.

*none to date 3⃣ Average age of retired offsets increasing as buyers purchase older credits... but:

4⃣ Issuances continue to outpace retirements, indicating that supply is growing faster than demand!

And...
Dec 4, 2020 17 tweets 8 min read
The fossil fuel industry is not just in terminal decline; it's also corrupt. #Vitol's settlement w/the Dep't of Justice over violations of the Foreign Corrupt Practices Act #FCPA is an important reminder that transparency & disclosure alone aren't enough to prevent abuse. Thread: Full disclosure (pun intended): I wrote a lengthly law review article about this topic a decade ago. See "Transparency & the Natural Resource Curse: Examining the New Extraterritorial Information Forcing Rules in the Dodd-Frank Act of 2010 papers.ssrn.com/sol3/papers.cf… /2
Sep 9, 2020 20 tweets 9 min read
Thread on new @CFTC #climaterisk report. Here are the highlights: First & perhaps most importantly, this report was a) commissioned by a majority-Republican federal regulatory agency and b) represents the consensus views of banks, investors, big companies, academics & enviros 1/ 2/ Topline message: "US financial regulators must recognize that climate change poses serious emerging risks to the US financial system, and they should move urgently and decisively to measure, understand, and address these risks." Full report here (PDF): cftc.gov/sites/default/…
May 4, 2020 7 tweets 5 min read
Thread

1/ I've said it before and I'll say it again:

Leaving #sustainablefinance standard setting to the EU alone (while the best we can do in light of Trump) is a suboptimal solution to a real challenge for the global capital markets' transition to net zero.

Case in point 👇 2/ The @EU_Commission under the leadership of @vonderleyen @TimmermansEU @VDombrovskis, plus @ESMAComms @eiopa_europa_eu & other regulators, have done an admirable job moving the #SustainableFinance agenda forward under difficult circumstances. See: ec.europa.eu/info/business-…
Feb 17, 2020 12 tweets 5 min read
Thread: Bezos will spend $10 billion of his own fortune to give out grants to scientists, activists and nonprofits to help fight climate change. Bravo! apne.ws/YpCqkx1 Lots of hot takes today about the new #BezosEarthFund... most of which focus on Bezos’ idiosyncrasies, Amazon’s environmental footprint, or the role of wealth in society. Note: This is not a thread about whether billionaires are bad. vox.com/platform/amp/r… @teddyschleifer /2