Hybrid event.

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Zoom URL: https://uni-frankfurt.zoom-x.de/j/62710832484?pwd=nMhpRRuIWbjhtYxpIPCbavBbEPjZml.1
Meeting ID: 627 1083 2484
Password: 138981

Abstract:

Climate protection requires that large fossil fuel reserves remain untapped. We introduce the 3F Score, a metric that tracks global lenders’ willingness to finance syndicated loans to major fossil reserve owners. In these loans, climate concerns are particularly salient. Do lenders respond to these concerns when deciding whether to join lending syndicates? By focusing on this decision, we gain insight into their appetite for financing fossil fuel extraction, as providing loan capital is the primary role of syndicate members. We then analyze how lenders adjust their financing strategies after committing to climate protection. Our score reveals that some commitments lead to measurable change, while others appear inconsequential, even when climate concerns are highly salient. By isolating these cases, the 3F Score can complement existing science-based targets for climate protection.