Moriah Costa

Paris

Freelance Journalist at Freelance

Planning to write that novel one day. Financial journalist by day and an artist by night. Words in Business Insider, The Guardian, Hidden Compass, and more.

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Articles

World Bank and IMF tread fine line on climate during spring meetings

2 weeks ago | greencentralbanking.com | Moriah Costa

The International Monetary Fund (IMF) is still committed to helping countries affected by climate change even as the Trump administration wants the World Bank and IMF to stop their climate and inclusion work. IMF managing director Kristalina Georgieva said the bank would still support countries affected by climate change even as it stays focused on incorporating Trump’s concerns into its policies.
Insurance regulators encouraged to manage climate change risk

3 weeks ago | greencentralbanking.com | Moriah Costa

Insurance regulators need to assess climate change risks and integrate them into their supervisory practice, the International Association of Insurance Supervisors (IAIS) said in an application paper of changes to its core principles. The expanded guidance does not include new requirements for supervisors but instead builds on an older paper on climate-related risks by providing further details, advice and examples after multiple consultations with stakeholders.
Report: ECB still supporting fossil fuels through collateral framework

3 weeks ago | greencentralbanking.com | Moriah Costa

The European Central Bank (ECB) added fossil fuel assets to its guarantee systems in the last year, which critics argue provides more favourable financing for high-carbon emitting companies. In a report from non-profits Reclaim Finance and Urgewald, researchers found a total of nine fossil fuel companies – including Total Energies, BP and Eni – representing nearly €13bn have been added to the ECB’s guarantee system since July 2024.
World Bank group fails to uphold its own climate rules, study finds

3 weeks ago | greencentralbanking.com | Moriah Costa

The World Bank has failed to uphold its own climate rules for US$2bn worth of agriculture loans, indicating some of its programs are failing to reduce emissions or improve the climate resilience of livestock, a report from a coalition of environmental organisations has found.
EU omnibus proposal will undermine climate rules, says MEP Pietikäine

4 weeks ago | greencentralbanking.com | Moriah Costa

The EU is undermining its climate rules with the commission’s proposed sustainability omnibus bill, MEP Sirpa Pietikäine said on the Sustainability Omnibus Podcast. “The commission is not only throwing the baby [out] with the bathing water, it’s throwing the baby and leaving the bathing water,” she said. Instead, Brussels should simplify the reporting scheme and have easy access to the reporting data on a single access point.
Asia’s financial regulators sit up and take notice of climate disclosures

1 month ago | climateandcapitalmedia.com | Moriah Costa

Asia’s financial regulators are exhibiting an increased focus on and significant new efforts to mandate or encourage climate disclosures, a new survey shows. The study by the Asian Development Bank Institute (ADBI) found that the regulators’ awareness of the International Sustainability Standards Board (ISSB) climate disclosure guidelines, with nearly 70% of those surveyed planning to introduce mandatory disclosures.
Asian financial regulators upping their game on climate disclosures, survey finds

1 month ago | greencentralbanking.com | Moriah Costa

Awareness of the International Sustainability Standards Board (ISSB) climate disclosure guidelines has increased among Asian financial regulators, with nearly 70% of those surveyed planning to introduce mandatory disclosures, a study from the Asian Development Bank Institute found.
EU omnibus proposal could increase costs and reporting burdens for investors

1 month ago | greencentralbanking.com | Moriah Costa

The EU’s proposed omnibus proposal could increase costs and reporting burdens for companies, asset managers told Green Central Banking on The Sustainability Omnibus Podcast.
NZBA under pressure as Japanese banks leave

1 month ago | greencentralbanking.com | Moriah Costa

Membership in the Net Zero Banking Alliance (NZBA) continues to dwindle, as Japanese banks have followed an exodus of US and Canadian firms from the voluntary climate group. Mizuho Financial Group is the latest Japanese bank to withdraw from the NZBA, meaning five out of six Japanese banks in the alliance have left.
Half of US firms under SEC climate scope may still need to disclose

1 month ago | greencentralbanking.com | Moriah Costa

About half of the companies that would have been under the scope of the US Securities and Exchange Commission’s (SEC) now defunct climate disclosure rule may still need to report their emissions under other jurisdictions including California, according to a new analysis. Advocacy group Ceres estimates that roughly 7,000 to 8,000 companies would have needed to report under the SEC’s climate disclosure rule.