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Low-carbon transition to benefit finance system – report
09 October 2014Governments, not private investors, will bear the majority of stranded asset costs caused by efforts to meet climate targets, while a transition to low-carbon energy may boost the finance sector's investment capacity, says research.
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ACT expects American carbon trading operations 'to equal Europe'
06 October 2014Dutch carbon trading company Amsterdam Capital Trading (ACT) has opened an office in California, saying it expects its US operations to eventually equal the size of its activities in Europe.
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Carbon price to triple in 2015 if 'optimistic' package is agreed by EU, says UBS
03 October 2014The price of carbon in the EU could triple next year if new regulation was introduced, say analysts at UBS.
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Mirova signs carbon pledge but calls for changes to carbon footprint measurement
02 October 2014Mirova is the first European asset manager to join the Montreal Carbon Pledge (MCP), but says the current way of measuring a carbon footprint does not reflect "the true value" of a firm's portfolio in relation to countering emissions.
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Hypocrisy index to shame 'green-washing' asset owners
02 October 2014Asset owners that make bold pledges on climate change but fail to take demonstrable action will be named and shamed in a new hypocrisy index.
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ERAFP to reduce carbon in €750m portfolio
30 September 2014French public service pension scheme, ERAFP, is to reduce by 40% the carbon intensity of a €750 million ($951.4 million) portfolio managed by Amundi.
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Solactive and Corporate Knights launch low-carbon index
26 September 2014A family of low-carbon indexes has been launched, which claims to be the first to use a system established by the Sustainability Accounting Standards Board (SASB).
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PRI launches carbon disclosure initiative for investors
25 September 2014A group of major investors has agreed to publicly disclose the carbon footprint of their portfolios, as part of a new initiative to encourage decarbonisation.
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Swiss Re to provide $10bn for climate risk by 2020
24 September 2014Swiss Re will offer up to $10 billion in insurance capacity and expertise to deal with climate-related risks over the next five years, CEO Michel Liès told the UN Climate Summit in New York.
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Insurers say their climate-friendly investments will reach $84bn next year
24 September 2014Insurance companies will double their climate-friendly investments to $84 billion by the end of next year, according to two leading industry associations.