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Commission faces legal challenge over taxonomy criteria for aviation, shipping
28 August 2024The European Commission faces a legal challenge of its inclusion of aviation and shipping criteria in its sustainability taxonomy, after NGOs accused it of greenwashing.
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Limited funding for UK energy generation solutions, says SDCL
28 August 2024Energy generation remains underfunded despite broader investor interest in backing energy transition themes, Sustainable Development Capital's founder has told Environmental Finance.
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Trump victory could see EV makers bear brunt of weakened IRA, says MUFG
27 August 2024Subsidies for the purchase of electric vehicles (EVs) are among areas of the Inflation Reduction Act (IRA) set to be most at risk if Donald Trump wins re-election later this year, according to researchers at MUFG.
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Banque de France raises concerns about nature modelling
23 August 2024Banque de France has found that existing ways to model the economic consequences of nature loss have significant drawbacks, calling for further integration of ecological science and existing policies into any scenarios.
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Canada transition finance market awaits if Taxonomy gets 'unstuck'
23 August 2024Pent-up demand for transition finance in Canada could be released if the government can get "unstuck" with its long-awaited transition-focused taxonomy later this year, but challenges around the role of gas continue to hold progress back.
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Australian regulator warns of more action against suspected greenwashing
23 August 2024The Australian Securities and Investments Commission (ASIC) has said it is investigating several suspected greenwashing cases and expects to take further "enforcement action" to penalise greenwashing.
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Australian Senate backs mandatory climate reporting
22 August 2024The Australian Senate has formally passed legislation requiring mandatory climate reporting for large businesses and asset managers, to be introduced from 1 January 2025.
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Financial institutions begin piloting dedicated SBTi standard
22 August 2024A group of 40 financial institutions has started piloting a dedicated standard for setting Science Based Targets, using a draft published by the initiative last month.
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Mining set to benefit from 'significant' ICMA 'green enabling' update
20 August 2024The International Capital Markets Association (ICMA) guidance on eligible 'green enabling' projects for sustainable bonds is a "significant expansion" of use-of-proceeds, according to Sustainable Fitch- with mining projects set to particularly benefit.
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G20 called on to develop 'credible' nature investment products
20 August 2024The UN Environment Programme Finance Initiative (UNEP FI) has called on G20 countries to de-risk nature investments and support the development of biodiversity credits.