Voluntary carbon market has 'notable concern in quality', finds WWF tool
The Carbon Credit Quality Initiative (CCQI) has scored the quality of over a quarter of the carbon credits in the voluntary carbon market (VCM).
EU targets €225bn green bond issuance amid strengthened climate push
The EU said it intends to raise 30% of its €750 billion ($890 billion) Next Generation EU (NGEU) recovery fund through the issuance of green bonds, as it boosted its greenhouse gas (GHG) emissions reductions target for 2030.
CFTC: Climate change poses 'major risk' to US financial system
A report from a subcommittee of US federal regulator the Commodity Futures Trading Commission (CFTC), has found that all US financial regulators must recognise that climate change poses 'serious emerging risks' to the national financial system.
Airlines mull change in offset scheme following Covid-19
A scheme to offset the emissions of much of the aviation sector is set to change its rules to mitigate the impact of the coronavirus pandemic, sparking fears that the sector's demand for offsets may be much lower than previously expected.
Shipping - the trillion-dollar challenge
The growing support for the Poseidon Principles underlines the crucial role for finance in helping the shipping industry chart a course towards a greener future, says Ahren Lester
Environmental groups target US corporates for climate change action
Eleven environmental groups have sent an open letter to the CEOs of US businesses urging them to step up their action on climate change.
Investors pressure oil and gas companies to improve methane disclosures
Investor heavyweights Robeco and California State Teachers’ Retirement System (CalSTRS) have thrown their weight behind an initiative urging oil and gas companies to improve their disclosure of methane emissions.
Asset manager plans shareholder resolutions on methane
An engagement initiative on methane has been launched, targeting the 2018 proxy voting season.
Investors and industry hail extension of California carbon market
A bipartisan vote to extend California's cap-and-trade carbon market to 2030 has been welcomed by a range of investors and industries.
EDF eyes impact bond for Louisiana wetlands project
Environmental Defense Fund (EDF), a US advocacy group, is working on the design of an 'environmental impact bond' (EIB) to finance a coastal wetlands restoration project in Louisiana.