UK draws fire for insufficient climate finance strategy in face of US, EU plans
The UK government has been criticised by an investor group for failing to detail a comprehensive net-zero investment strategy in its latest set-piece policy announcements, placing it at risk of falling further behind the US and EU in attracting green investment.
Require transition plans in Solvency II, EU urged
Transition plans urged to identify transition nature impacts
Organisations have been urged to identify how their efforts to transition will impact nature and society, and disclose these as part of their transition plans.
EU calls on investors to create more transition finance products
The European Commission has called on financial institutions to offer more transition-related financing solutions as well as integrate transition plans further into their risk assessments.
G7 encourages transition plan implementation
The leaders of the world's biggest economies have called on the private sector to set and implement "credible" climate transition plans in line with the Paris Agreement.
G7 rowback raises fears for ISSB adoption
Concerns have been raised about how widely the International Sustainability Standards Board's (ISSB) forthcoming disclosure standards will be adopted, after G7 finance ministers appeared to scale back their commitment to using it as a global baseline.
Financial institutions in scope of EU due diligence rules after vote
Financial institutions would be required to disclose climate transition plans and conduct due diligence to ensure they do not contribute to negative impacts across their value chain, under new rules agreed by an influential EU Parliamentary committee.
COP27 agrees loss and damages fund, and need to 'transform' financial system
The COP27 talks have ended with a ground-breaking agreement to set up 'loss and damages' fund, but failed to make the strong progress in tackling emissions that many had hoped for.
G20 countries vow to align public-private finance on biodiversity
G20 leaders have vowed to align public and private financial flows on biodiversity, in a bid to halt and reverse biodiversity loss by 2030.
Voluntary groups may have reached their limit, says E3G
Voluntary climate governance mechanisms may "have reached their limit" according to E3G.