Evidence map›Paper›PMID 39256349›Full record

ArticleNature communications2024

The challenge of phasing-out fossil fuel finance in the banking sector.

J Rickman, M Falkenberg, S Kothari, F Larosa, M Grubb, N Ameli

Abstract read
In one paragraph

Article in Nature communications, 2024. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 2 papers.

0numbers the graph read from it
0cells of the map it votes in
2citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

2 citing papers in PubMed.

  1. Article
  2. Article
4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

6 authors.

J Rickman *Institute for Sustainable Resources, University College London, London, UK.ORCID http://orcid.org/0000-0001-5043-3523
M Falkenberg *Department of Mathematics, City University of London, London, UK. max.falkenberg@protonmail.com.ORCID http://orcid.org/0000-0002-2986-2494
S KothariInstitute for Sustainable Resources, University College London, London, UK.ORCID http://orcid.org/0000-0002-4560-1059
F LarosaKTH Royal Institute of Technology, Stockholm, Sweden.ORCID http://orcid.org/0000-0002-4350-8790
M GrubbInstitute for Sustainable Resources, University College London, London, UK.ORCID http://orcid.org/0000-0003-2393-3041
N AmeliInstitute for Sustainable Resources, University College London, London, UK. n.ameli@ucl.ac.uk.ORCID http://orcid.org/0000-0002-6728-9190

Funding

EC | EU Framework Programme for Research and Innovation H2020 | H2020 Priority Excellent Science | H2020 European Research Council (H2020 Excellent Science - European Research Council) 802891
6 · The paper itself

Abstract

A timely and well-managed phase-out of bank lending to the fossil fuel sector is critical if Paris climate targets are to remain within reach. Using a systems lens to explore over $7 trillion of syndicated fossil fuel debt, we show that syndicated debt markets are resilient to uncoordinated phase-out scenarios without regulatory limits on banks' fossil fuel lending. However, with regulation in place, a tipping point emerges as banks sequentially exit the sector and phase-out becomes efficient. The timing of this tipping point depends critically on the stringency of regulatory rules. It is reached sooner in scenarios where systemically important banks lead the phase-out and is delayed without regional coordination, particularly between US, Canadian and Japanese banks.

Identifiers

PMID39256349
PMCPMC11387497

What OpenQuestion holds

Textmetadata
LicenceCC BY
Read underepoch 390

Registered trials

None linked

Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.