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Massachusetts could gain $5.5bn from proposed carbon market for transport sector
07 January 2019A proposed ‘cap-and-invest’ initiative to reduce transport emissions in Massachusetts could generate more than $5.5 billion for investments in the state’s transport infrastructure by 2030, a research group has claimed.
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Irish sovereign wealth fund divests from fossil fuel companies
07 January 2019Ireland’s sovereign wealth fund has sold €68 million ($78 million) of its holdings in fossil fuels, with the country claiming it is among the first in the world to withdraw public money from such investments as part of a decarbonisation strategy.
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EU unveils draft rules on ESG integration in investment advice
04 January 2019Draft rules on how investment firms and insurance distributors should consider sustainability topics when they advise clients have been published by the European Commission.
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Japanese government releases TCFD guidance
02 January 2019The Japanese Ministry of Economy and Trade (METI) has set out to spur support for the Task Force on Climate-related Financial Disclosures (TCFD), by issuing guidance on how to apply its recommendations.
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Environmental Approval Regulations: Why investors should take note
28 December 2018A legal ruling in Germany could set a precedent that accelerates European coal divestment, argues Kim Schumacher
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EU Council agrees position on low-carbon benchmarks and disclosure requirements
21 December 2018The Council of the EU has agreed its position on low-carbon benchmarks and sustainability-related disclosure requirements, signalling the start of discussions with the European Parliament to thrash out the final text.
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Set climate targets, power sector told by investors with $11trn in assets
20 December 2018Twelve of Europe’s highest-emitting power companies have been instructed to set out Paris-aligned transition plans by a group of investors with $11.5 trillion in assets under management (AUM), as they warn of the ‘potentially catastrophic’ effects of climate change.
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Nine banks add their backing to Principles for Responsible Banking
18 December 2018A further nine banks and eight other stakeholders have backed the fledgling Principles for Responsible Banking, the UN Environment Finance Initiative (UNEP FI) has revealed.
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Nippon Life backs TCFD and invests in offshore wind
18 December 2018Nippon Life Insurance Company – Japan’s largest life insurer – has committed to report in line with the recommendations of the Task Force on Climate-related Financial disclosures (TCFD).
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New Jersey poised to re-join RGGI
18 December 2018New Jersey Governor Phil Murphy has announced plans for the state to re-join the Regional Greenhouse Gas Initiative (RGGI).