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TCFD webinar: Banks' response to climate risk is just beginning
18 May 2018Banks are in "the early days" of understanding and addressing the climate risks in their portfolios, a webinar hosted by Environmental Finance heard.
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Green bond round-up, 16 May
16 May 2018The African Development Bank (AfDB) has priced its second social bond to help finance socio-economic development on the continent.
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Barclays launches ‘green trade loan’ product
04 May 2018Barclays has launched a green trade loan product, designed to help meet clients’ working capital needs when pursuing sustainable trading activities.
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Green bonds round-up, 2 May
02 May 2018DTE Electric, an electricity utility based in Detroit, Michigan, has entered the green bond market with a $525 million, 30-year issue. It pays a coupon of 4.05% and was priced at 97 basis points over US Treasuries, giving a yield to maturity of 4.076%. The issue has been rated Aa3, A and A+ by Moody's, S&P Global and Fitch, respectively.
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EU carbon prices set to quadruple by 2030, says Carbon Tracker
26 April 2018European carbon prices could double by 2021 and quadruple by 2030 if the European Commission legislates to align its current emissions targets with the Paris Agreement, according to a report by Carbon Tracker.
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TCFD guidance for banks launched
26 April 2018Guidance was today launched to help banks assess and report the 'transition risks' in their loan books, as recommended by the Task Force on Climate-related Financial Disclosures (TCFD).
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Green bond round-up, 25 April
25 April 2018More than $3.3 billion of green bonds have settled in the first three days of this week*, with announcements suggesting that a strong pipeline of issuance of green and social bonds can be expected in coming weeks.
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HSBC is latest bank to withdraw from coal and tar sands
20 April 2018HSBC pledged to stop lending to most coal-fired power stations and to stop financing oil from tar sands, but "missed the chance to join the green banking leaders", according to one NGO.
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EIB prices $1.5bn climate awareness bond
20 April 2018The European Investment Bank (EIB) has priced a $1.5 billion Climate Awareness Bond (CAB), in which Folksam Group and Barclays were among the investors.
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Barclays launches discounted green home mortgage
06 April 2018Barclays has responded to the UK government's Green Finance Taskforce recommendation to boost the growth of green finance with the launch of the Barclays Green Home Mortgage.