Archive

US IRA set to stimulate $250bn of investment this year, says Barclays

More than $70 billion has been invested in clean energy projects backed by the US Inflation Reduction Act (IRA) in the first three months of 2024, as manufacturing investments ramp up, according to Barclays.

German central bank studies physical climate risk in bond portfolio

Anti-greenwashing work has led to fewer green claims, French regulators say

Measures to tackle 'greenwashing' have led to a reduction in the number of green claims by financial institutions, according to French regulators.

BIS and MAS develop 'blueprint' for regulators' climate data platform

The Bank for International Settlements (BIS) and Monetary Authority of Singapore (MAS) have developed a 'blueprint' for a proposed climate data platform they said could help financial regulators understand emerging climate-related risks.

Qatar Central Bank publishes 'important' financial sector sustainability strategy

The Qatar Central Bank (QCB) has published its sustainability strategy for the financial sector, which includes plans to develop a sustainable taxonomy and guidelines for sustainable debt instruments - including sukuk.

The role of national standard-setters in delivering ESRS

The governance of national standard-setters varies greatly across the European Union, with implications for how the reporting standards are implemented, writes Philippe Diaz

Companies leaving it late to do double materiality assessment, PwC survey suggests

Observers bemoan lack of progress on NDCs, climate finance at key pre-COP meeting

Country negotiators at a key meeting intended to "set the table" for discussions at COP29 in November have made very little progress on key issues including national pledges to the Paris Agreement and a new climate finance target, according to E3G.

Nature Restoration Law 'at risk' after EU elections, UBS predicts

UBS has identified the proposed EU Nature Restoration Law as being "at risk" following the outcome of European Parliamentary elections, and a rule to phase out all new internal combustion engine car sales by 2035 could also be a casualty.

UOB, Singapore launch SME-focused sustainability-linked finance programme