Useful report on the 'landscape of global climate finance: glcf.climatepolicyinitiative.org?utm_source=s...
Jesse Griffiths
@jesselgriffiths.bsky.social
CEO - Finance Innovation Lab. Advocating for transformative change to UK & global finance rules for social & environmental justice. Ex: Eurodad / Bretton Woods Project / ActionAid/ ODI Global.
Developing countries continue to struggle with a major sovereign debt crisis - the proportion of low-income countries with major debt burdens is well over 50%. A fair and rapid debt workout mechanism is long, long overdue. From new Sovereign Debt Monitor report: erlassjahr.de/wordpress/wp...
erlassjahr.de
The global ultra-wealthy (with assets over $30m) are projected to add almost 200,000 individuals to their number by 2030: new report. A wealth tax is the least we can do to tame this level of global inequality. altrata.com/articles/key...
British household's dependence on gas makes us vulnerable to global fossil fuel prices, and is also a national security issue (see pic). www.e3g.org/publications...
The Home Front: A strategic security review of British homes
UK homes’ reliance on gas represents an Achilles heel to the country’s national security. The energy shocks resulting from the Russian invasion of Ukraine and the disruptions in the Strait of Hormuz…
e3g.org
"Around 70% of companies still don't disclose [Transition] Plans. And of those that do, fewer than 1% are credible." Shocking finding from new report - but unsurprising given the voluntary disclosure focus of the current regime: www.cdp.net/en/climate-t...
If G20 public development banks switched funding from fossil fuel and non-renewable energy finance into renewables, this could boost investment by £28bn per year - new report. oilchange.org/wp-content/u...
Very proud to have co-authored this report, which argues that a government scheme backed by cheap lending from the Bank of England could allow 8m+ households to install rooftop solar systems with NO upfront cost, and £250 pa savings. #financingcostsaretheproblem
This summer's intense sunshine could be powering our homes. But most households can't afford to install their own solar panels. The Solar Saver scheme would change this. From @neweconomics.bsky.social and @thefinancelab.bsky.social 1/5
Our new report is (we think) 1st attempt to estimate scale of illicit financial flows thru the UK - £325bn p.a. www.theguardian.com/business/202... @suehawley.bsky.social @alexcobham.bsky.social @kathrynwestmore.bsky.social @faizashaheen.bsky.social @duncanhames.bsky.social @jemm-s.bsky.social
At least £325 bn of dirty money flows thru the UK every year & £788 billion when UK linked territories (e.g.Jersey, Caymans) are included - our new report www.theguardian.com/business/202... @naomifowler.bsky.social @jamesbj.bsky.social @aj16.bsky.social @nickdearden.bsky.social
Great new report from The Fairness Foundation on how our economy is dominated by wealth extraction, rather than wealth creation, and the public mandate for doing something about it. fairnessfoundation.com/takers
AI models could cause a financial crisis - the IMF is now warning (we've been saying this for a while): IMF report www.ft.com/content/103d... Our report (2023) financeinnovationlab.org/wp-content/u...
"Corruption-linked networks continue to exploit financial centres of Western countries and the offshore jurisdictions under their control – most significantly the UK and its overseas territories, especially the British Virgin Islands." New report: giace.org/illicit-fina...
The govt plans to headline a Financial Services Bill in the King's Speech - and City lobbyists are pushing for more deregulation, but public interest advocates are also getting organised - here's my LinkedIn article: www.linkedin.com/posts/jesse-...
According to today's press, the King’s Speech is set to launch a new Financial Services Bill – the third in the past five years. One the one hand this is a bureaucratic bill – making legislative… | Jesse Griffiths
According to today's press, the King’s Speech is set to launch a new Financial Services Bill – the third in the past five years. One the one hand this is a bureaucratic bill – making legislative...
linkedin.com
Useful new site detailing how dependent EU member states are on nature: countries.encorenature.org/profiles/
How climate change is driving up insurance losses - new report. A couple of standout facts for me: - 'Peak losses' where there is a major event, typically a US hurricane, projected to reach $400bn by 2030. - Most losses are already not insured. www.swissre.com/dam/jcr:4b56...
The new Nature Finance Tracker tells you what the UK government spends on nature. www.naturefinance.uk?mc_cid=887b5...
From billionaires to bank lending: is the economy serving people or profits? Read @jesselgriffiths.bsky.social latest round up of this month's news, views and articles here. bit.ly/3PCPXDr
Changing Finance: new this month - March - Finance Innovation Lab
Financing the economy? The World Inequality Report 2026 is out, so it’s time to ask, ‘how are billionaires getting on?’ Less than 10% of UK bank lending is for productive investment. The Bank of Engla...
bit.ly
State of Civil Society 2026 report from @civicusalliance.bsky.social is out and it's grim reading (though there is hope in there too). www.civicus.org/documents/re...
The World Inequality Report 2026 is out - confirming just how unequal the world is, especially for wealth, where the top 10% hold 75% of personal wealth. Loads in there to get you fired up to do something about this! wir2026.wid.world/www-site/upl...
Battery storage costs have plummeted. Solar is cheap. UK rooftops have 117 GW of potential. Solar + batteries can be installed quickly. Just what we need when horrendous wars remind us we need to get off fossil fuels as soon as possible. about.bnef.com/insights/cle...
"Bad actors ... can conceal ... the true source of their crypto donations through the use of tools such as secrecy coins, mixer accounts, 'smurfing,' ‘chain hopping’ & coin-swapping services." We need to ban crypto donations to political parties: www.spotlightcorruption.org/wp-content/u...
spotlightcorruption.org
Credit is vital for businesses to invest and grow - and yet only a small sliver of UK bank lending is for such purposes. No wonder we have an investment problem and small businesses are starved of credit. www.datocms-assets.com/132494/17727...
Useful article on Ukraine's debts. Let's hope they get what any country should where repaying debt would deepen poverty & prevent development: - A fair & rapid process - Cancellation of unfair & unpayable debts - Protection from creditors that won't play ball erlassjahr.de/en/kampagne/...
Country Focus Ukraine: Debt Cancellation for a Fresh Start After the War - erlassjahr.de
Ukraine had long been a heavily indebted country. Then, Russia attacked in February 2022. This was an external shock of the largest possible magnitude, causing not only immense suffering to the…
erlassjahr.de
Where do AI searches get their news from? Interesting and important research from @ippr.org www.ippr.org/articles/ais...
"5.2 billion people live in countries where debt payments are higher than total social spending." We are in the midst of the "worst debt crisis ever" - and we need fundamental reform to fix it and stop another happening. Powerful & important from Matthew Martin www.equals.ink/p/debt-justi...
Big Financial Institutions are doing very little overall to integrate methane - a major contributor to climate change - into their Transition Plans. New report from Climate Policy Initiative. www.climatepolicyinitiative.org/wp-content/u...
I spent years campaigning for more aid from rich countries to the Global South & for its quality to improve. Recent aid cuts have destroyed millions of lives — but rich countries have also undermined aid quality & how much reaches the Global South - see new @eurodadnews report. tinyurl.com/ykw4947e
Economists really don't understand climate change & it could cost us the earth - new @carbontracker report. Massive mistakes include not properly considering extreme events and tipping points even though 'extremes, not averages will define the future.' carbontracker.org/reports/reca...
The proportion of people living in poverty who experience deep poverty is rising - one of many shocking stats in new UK Poverty 2026 report from @jrf-uk.bsky.social . tinyurl.com/jrf2026
More than £10.5bn of UK pension savings are invested in thermal coal - the world’s dirtiest fossil fuel. That’s bad for pension savers, the economy, and the climate. Read our new research with LINGO Initiative. filab.uk/3ZNdX8O