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IEEFA Research

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

Accelerating divestment from oil and gas shows similar early trends to global financial institution’s exit from coal

20 October 2020 (IEEFA): Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels, according to a new tracker developed by the Institute for Energy Economics and Financial Analysis (IEEFA). “Momentum is […]

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Swiss firm Leclanché begins construction of largest solar-plus-storage project in the Caribbean

PV Tech: Swiss energy storage company Leclanché has broken ground on a US$70 million solar and storage microgrid project in St Kitts and Nevis. The system will include a 35.7MW solar farm and a 14.8MW lithium-ion battery energy storage system (BESS), and will provide state-owned utility St Kitts Electric Company (SKELEC) with roughly a third […]

December 14, 2020 Read More →
IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits
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IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

Accelerating divestment from oil and gas shows similar early trends to global financial institution’s exit from coal

20 October 2020 (IEEFA): Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels, according to a new tracker developed by the Institute for Energy Economics and Financial Analysis (IEEFA). “Momentum is […]

Zurich Insurance pulls out of Trans Mountain pipeline project

Reuters: Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for the project, which is opposed by environmental campaigners and some indigenous groups. All financial services companies are under pressure from environmental campaigners to cease doing business with the fossil fuel industry. A planned expansion […]

July 24, 2020 Read More →

Swiss company NEK to build 1,000MW of wind capacity in Ghana

ESI Africa: Swiss engineering company NEK has announced its plans to generate 1,000MW of electricity from several wind farms in Ghana. The independent power producer believes the implementation of this megaproject will serve as incentive to implement Ghana’s plan to transition its electricity supply to 100% renewables by 2040. Currently, Ghana’s electricity mix is dominated […]

July 23, 2020 Read More →

UBS Group says it will no longer finance Arctic oil, thermal coal or tar sands projects

The Wall Street Journal: UBS Group AG said Thursday that it would no longer finance new offshore-oil projects in the Arctic, thermal coal mines or oil sands on undeveloped land as banks tighten their restrictions on fossil fuels amid pressure from environmentalists and investors. The Swiss bank declined to provide figures on previous projects it […]

March 6, 2020 Read More →
IEEFA update: Asian banks add to growing number of major financial institutions exiting coal – now 112 and counting

IEEFA update: Asian banks add to growing number of major financial institutions exiting coal – now 112 and counting

Cheaper renewables, improved technology, and risks over reputation, financial performance and the environment are driving transition

(IEEFA Asia Pacific) – Five major financial institutions in Asia have over the past six weeks announced plans to move away from financing coal-fired power plants, signalling an accelerating trend across the region out of coal towards renewables. Singapore’s big three banks – DBS Group Holdings (DBS), United Overseas Bank (UOB) and the Oversea-Chinese Banking […]

May 14, 2019 Read More →
IEEFA Europe: The High Price of Nationalism—Brexit Means a Costly Step Back From Modern Electricity Markets

IEEFA Europe: The High Price of Nationalism—Brexit Means a Costly Step Back From Modern Electricity Markets

Switzerland, Damaged by Anti-Immigrant Policies, Is a Timely Reminder on the Pain of Self-Inflicted Wounds


The case of Switzerland hints at the shoals that post-Brexit Britain must now navigate, including trade in electricity, where countries clearly benefit from the very cross-border ties U.K. voters have rejected. Brexit, to put it bluntly, will leave the U.K. at an electricity market disadvantage. The U.K.-Swiss parallels are striking. Britain voted to leave the […]

June 27, 2016 Read More →