The Carbon Principles
The Carbon Principles are a series of guidelines established by three leading Wall Street banks — Citigroup Inc., JP Morgan Chase, and Morgan Stanley — to assess the risks in financing electric power projects in terms of climate change. These principles call for "enhanced diligence" in evaluating electric power industry borrowers in terms of their use of energy efficiency; renewable and low-carbon distributed energy technologies; and conventional and advanced generating technologies.
The Climate Principles are a similar framework for climate change best practice for the financial sector. This is a comprehensive industry framework for a response to climate change and has been adopted by Crédit Agricole, Munich Re, Standard Chartered, Swiss Re and HSBC
References
External links
- http://www.citigroup.com/citigroup/press/2008/080204a.htm
- http://www.theclimategroup.org/about/corporate_leadership/climate_principles
- http://www.carbonprinciples.org
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