KfW adds biodiversity as it launches €13bn green bond programme for 2024
KfW has added biodiversity to its green bond framework as the German development bank aims to raise up to €13 billion ($14 billion) from its green-labelled issuance in 2024.
Fewer than one in five countries have 1.5°C aligned targets, investor-led analysis reveals
Only four countries among a group of 25 studied have emissions reduction targets that align with the Paris Agreement's goal to limit warming to 1.5°C, according to analysis by an investor-led project.
Australia passes legislation to create biodiversity credit market
Australia has formally passed legislation to protect and restore nature and developed a 'first-of-its-kind' biodiversity credit market, but last-minute concessions means offsets will be outlawed.
ISDA to publish sustainability-linked derivative legal clauses
The International Swaps and Derivatives Association (ISDA) will release a set of legal clauses this month to promote sustainability-linked derivatives (SLD), in its first step towards standardising the nascent market.
VOX COP: Faith Ward: It's time for policymakers to give investors some substance
Policymakers need to raise their game at COP28 and provide more policy signals that will help boost sustainable investments, said Faith Ward, chief responsible investment officer at Brunel Pension Partnership in the UK.
Green loans expected to take 'larger slice of pie' in 2024
Sustainability-linked loans (SLLs) are expected to be the main driver of sustainable loans growth in 2024 despite green loans taking a "larger slice" of the market, the Loan Market Association (LMA) has revealed.
COP28: Global climate finance framework targets $7trn in annual investment
A multilateral declaration to invest $5-7 trillion in climate finance annually has been signed at COP28, setting out aims to scale up private finance and high-integrity carbon markets.