Archive

'No silver bullet' for transition finance but systemic change needed, FCA says

Greater coordination by policymakers, companies and financial institutions is needed to address widespread barriers to scaling transition finance, a study by the UK Financial Conduct Authority (FCA) found.

Singapore blended finance initiative adds $290m at second close

An additional $290 million has been allocated to Singapore's Green Investments Partnership (GIP) blended finance programme, which reached a total of $800 million in commitments at second close.

Invest in data and adaptation to fight extreme weather impacts, NGFS says

Investments in climate adaptation and resilience measures and improvements in data relating to extreme weather events are among actions recommended by a group of central banks and supervisors to combat the worst climate impacts.

Adani: $18m penalties issued linked to $750m green bond

Two members of the influential Adani business family in India have agreed to pay $18 million cumulatively in penalties linked to a US regulatory legal case tied to the $750 million green bond issued by Adani Green in 2021.

DNB's Sleijpen appointed chair of NGFS

Olaf Sleijpen has been appointed chair of the Network for Greening the Financial System (NGFS), to succeed the current chair Sabine Mauderer from July.

GFI CDR initiative secures £1m for UK biochar project

A new initiative from the Green Finance Institute aimed at scaling carbon dioxide removal (CDR) projects has helped to secure £1 million ($1.4 million) for a 'first-of-its-kind' biochar deal.

LGX: Attribution needed to 'turn impact metrics into meaning' (Debt conference)

Sustainable bond issuers need to provide clearer contextualisation for their impact data, to avoid the risk of it becoming "meaningless" for investors, Luxembourg Green Exchange (LGX) told an Environmental Finance event.

Sustainable soy facility expects institutional investor commitments

A facility designed to reduce soy-related deforestation in Brazil said an $85 million commitment from the Green Climate Fund will help it crowd-in capital from institutional investors.

GHG Protocol reveals update on Scope 3 standard changes

US Pace-style property programmes poised for global spread, GFI says

Programmes designed to finance clean energy upgrades to property that are modelled on a US initiative are poised for rapid adoption internationally, including in the UK, according to the Green Finance Institute (GFI).