Archive

EU to publish delayed carbon dioxide removal approach

After months of delay, the EU's European Scientific Advisory Board on Climate Change is set to release its recommendations on carbon dioxide removals early this year.

UK-China working group to add transition finance to disclosures work

Airline pension plan breached fiduciary duty with BlackRock ESG strategy, US judge rules

American Airlines breached the fiduciary duty it owed its pension plan clients under US federal law by selecting BlackRock, because it allowed the latter's "ESG interests" - rather than just its financial interests - to influence investment decisions, a judge ruled.

Canadian carbon market slammed as 'economic wrecking ball'

Canada's federal carbon market has been slammed as an "economic wrecking ball" by a regional environment minister, but with an election looming doubts remain over the compliance market's future.

Rwanda regulator issues sustainable bond guidelines

The Rwanda Capital Market Authority (CMA) has published new guidelines to help create a "internationally credible, replicable, and attractive" sustainable bond market in the East African country.

BlackRock bows to legal threats and departs net zero initiative

BlackRock has left the Net Zero Asset Managers (NZAM) initiative, citing "legal inquiries from various public officials" in the US attacking its stated focus on climate finance.

Delayed transition now most likely scenario, says Candriam

"Waning political ambition" for the energy transition could slow progress but economic competitiveness and increased focus on energy security will make it an "unstoppable trend" for years to come, according to investor Candriam.

EU banking regulator sets ESG transition plan, capital adequacy requirements

Eurozone banks have been set requirements for 'prudential transition plans', scenario analysis and internal capital adequacy tests under rules published by the European Banking Authority (EBA).

Lack of private financing hindering landscape recovery, says Wildlife Trust

French regulator adopts ESMA fund name rules in anti-greenwashing update