Archive

  • 'We need a global treaty to actively phase out fossil fuels'

    28 December 2023

    A Fossil Fuel Non-Proliferation Treaty would close the gap between the net-zero ambitions, and the COP28 pledge to move away from fossil fuel companies, writes Jeroen Rijpkema

  • Canada's central bank warns of negative impact of flooding on bank's balance sheet

    22 December 2023
  • Bank of Japan warns of climate risk 'spillover' across industries from rise in carbon prices

    22 December 2023

    Climate transition risks spurred by rising carbon prices could have damaging and widespread "spillover" effects across the Japanese economy - including to regional banks not substantially exposed to the worst-hit sectors, the Japanese central bank has warned.

  • EU building energy performance deal is 'game-changer' for renovation green bonds

    20 December 2023

    The draft final agreement on the EU Energy Performance of Buildings Directive (EPBD) could trigger a "renovation wave" among European bank green bonds, according to Dutch lender ABN Amro.

  • UK to study how it can be 'best place in the world' for transition finance

    20 December 2023

    An independent review has been launched by the UK government to study how it can "become the best place in the world for raising transition capital" with a mandate that identifies assurance of financial transactions among ways the market can grow "with integrity".

  • Banks' disproportionate lending to high-emitting sectors poses stability risks, ECB warns

    19 December 2023

    Eurozone banks lend "disproportionately" to high-emitting sectors and thereby risk financial instability, the European Central Bank (ECB) has warned, as it called for a tougher strategy to tackle such risks that could include increased capital requirements.

  • Call for EU to create 'taxonomy-aligning' benchmarks

    13 December 2023

    The EU Platform on Sustainable Finance has proposed 'taxonomy-aligning' benchmarks that would select constituents based on the percentage of their investments in activities aligned with the EU's taxonomy.

  • EU Parliament, Council reach building energy performance deal

    08 December 2023
  • Eurazeo maritime climate upgrade fund targets $300m fundraise in 2024

    07 December 2023

    Eurazeo is planning to raise at least $300 million from its private debt, climate-themed upgrade fund for the maritime sector, which is expected to launch later in 2024.

  • NZBA grows to 136 banks as 'milestone' targets date looms

    04 December 2023

    The Net Zero Banking Alliance (NZBA) has seen its membership triple to 136 since it launched in 2021, with 90% of those required to set their initial targets already having done so ahead of a key targets deadline next year.