Deutsche Bank claims to support the goals of the Paris Agreement and achieving net zero global emissions by 2050. The bank is a signatory to the Paris Pledge for Action, the German financial sector’s Climate Commitment and the Net Zero Banking Alliance [1]. CEO Christian Sewing has also publicly stated, “The fight against climate change is probably the greatest challenge facing humanity, and we banks will have to fundamentally align ourselves with it.” [2]
Deutsche Bank’s claims must be measured against what scientific and economic expert bodies say is required to limit global warming to 1.5ºC and achieve net zero global emissions by 2050. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/deutsche-bank/statement-from-market-forces-on-deutsche-banks-funding-for-new-coal-production/
The publication of the International Energy Agency’s (IEA) Net Zero by 2050 Roadmap for the Global Energy Sector in May 2021 was a watershed moment for global climate action. The report maps out concrete milestones that need to be met to enable a 2050 world with net zero emissions and limit the global temperature rise to 1.5 °C.
The IEA report finds that in order to limit the global temperature increase to 1.5oC, we must ensure:
No investment in new fossil fuel supply beyond projects committed in 2021: As the Executive Director of the IEA stated: “there is no need for new oil, gas and coal development, which includes no need for oil and gas exploration investments.”
Permanent link to this article: https://www.kritischeaktionaere.de/en/greenwashing-en/open-letter-to-eu-institutions-on-the-iea-net-zero-report-and-the-implications-for-fossil-gas-in-the-eu-climate-taxonomy/
Our statement for the Annual General Meeting 2021 of Deutsche Bank
Dear Shareholders,
In 2015, Deutsche Bank vowed to support the Paris Agreement [1]. However, since then, Deutsche Bank’s actions have not matched its rhetoric.
Since the Paris Agreement was signed, Deutsche has been a major financier of coal, oil and gas. According to the Banking on Climate Chaos report, between 2016-2020, Deutsche provided US$30.438 billion to companies responsible for expanding fossil fuels [2]. These investments seriously undercut Deutsche Bank’s claims to support climate protection.
The Intergovernmental Panel on Climate Change (IPCC) has been clear that limiting global warming to 1.5ºC avoids many of the more severe impacts that would occur at 2ºC of warming [3]. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/deutsche-bank/deutsche-bank-must-listen-to-the-international-energy-agency-no-new-investments-in-fossil-fuels/
45 NGOs from around the world stand by our friends in Russia. Stop the criminalisation of human rights and environment defenders!
Ecodefense is one of the oldest environmental groups in Russia, founded in 1989 in Kaliningrad. It works in various regions of Russia including Moscow, Kaliningrad and Siberia (Kuzbass) and has already successfully stopped nuclear power plants and coal mines.
In 2014 the Russian government officially labeled Ecodefense as a “foreign agent”, because the organisation convinced a number of investors from Europe not to invest in a nuclear plant near Kaliningrad, which stopped the plant’s construction in mid-2013.
The Russian Ministry of Justice initiated 28 legal (administrative) cases against Ecodefense for non-compliance with the law, leading to fines totaling Euro 30,000, which the organization did not pay until now. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/international-solidarity/declaration-in-solidarity-with-russian-environmental-ngo-ecodefense/
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