Why March Madness is a special time of year for state budgets
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This paper studies the impact of voluntary climate commitments by banks on their lending activity. We use administrative data on the universe of bank lending from 19 European countries. There is strong selection into commitments, with increased participation by the largest banks and banks with the most pre-existing exposure to high-polluting industries. Setting a commitment leads to a boost in a lender’s ESG rating. Lenders reduce credit in sectors they have targeted as high priority for decarbonization.
This paper studies the impact of voluntary climate commitments by banks on their lending activity. We use administrative data on the universe of bank lending from 19 European countries. There is strong selection into commitments, with increased participation by the largest banks and banks with the most pre-existing exposure to high-polluting industries. Setting a commitment leads to a boost in a lender’s ESG rating. Lenders reduce credit in sectors they have targeted as high priority for decarbonization.
Greece’s current account recorded a surplus of 1.7 billion euros in January, from a deficit of 2.25 billion euros in December, Bank of Greece (BoG) data showed on Friday.
Two more opinion polls published on Thursday have provided further cause for concern in the ranks of the ruling New Democracy party, especially as one shows the centre-right grouping’s projected support dropping by around 5 percentage points.
Jonathan Kanter, the head of the Justice Department’s antitrust division, made his boldest move on Thursday by accusing Apple of antitrust violations.
A wave of strikes by German workers, feeling the sting of inflation and stagnant growth, is the latest sign of the bleak outlook for Europe’s economic powerhouse.
Popular social media platform TikTok stands accused of holding US data in China, fostering censorship, and spreading disinformation. Its popularity poses a dilemma for US politicians, but especially Democrats who have heavily relied on the app to reach its core base of young voters.
“First comes love, then comes marriage” – so goes the classic children’s rhyme. But not everyone agrees. Increasingly, the idea that love is the most important reason to marry – or at least to stay married – is under attack. Republican pundits and lawmakers have been pushing back on the availability of no-fault divorce, challenging the idea that not being in love is a valid reason to end a marriage.
Don't trust. Verify. Andrew Holt/The Image Bank via Getty ImagesAmericans from Maine to Texas are set for a rare treat on April 8, 2024, when a total solar eclipse will be visible across much of the U.S.