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The green and sustainability-linked loan market grew exponentially last year. The next growth spurt could be driven by emerging markets, Michael Hurley writes

Data provider MSCI has launched a new series of ‘low-carbon transition’ indexes, as it extends its range of climate change-focused indexes.

Recently-launched Sustainability-Linked Loan Principles (SLLPs) are ‘key to supplying the gargantuan amount of financing’ required to meet the goals of the Paris Agreement, White & Case has argued.

UK infrastructure investor Pensions Infrastructure Platform (PiP) has acquired a £50 million ($65.5 million) onshore wind farm portfolio by Scottish Equity Partners (SEP), a venture capital and growth equity firm with $1 billion of assets under management.

The launch of a set of Sustainability Linked Loan Principles has been hailed as a “critical development” for incentivising borrowers to improve their sustainability performance.

A group of Europe’s largest corporate issuers of green and sustainable bonds has created a forum to help ‘put business at the forefront’ of the transition to a low-carbon economy.

Credit Agricole CIB’s China subsidiary has closed a green loan with EDF Lingbao worth RMB122 million ($18 million), marking the bank’s first such deal in the country.

Twelve 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.

French electricity utility EDF has signed a green revolving credit facility (RCF) worth €4 billion ($4.5 billion), for which the payments will depend on sustainability-related performance indicators.

A further rise in the price of EU Allowances is likely this week, but the only certainty is more volatility, says Louis Redshaw