Archive

People Moves, 27 October: M&G, Impax, Deutsche Bank, Summa Equity and more

Gresham House bags £75m for renewable energy fund

What next for climate scenarios? Part two

How will the next generation of climate scenarios differ from the first, Michael Hurley asks

What next for climate scenarios?

As criticisms grow of the first climate scenario models, what does the next generation need to look like, Michael Hurley asks

'We are aware of the criticism': The NGFS on its next phase of scenarios

The Network for Greening the Financial System is developing short-term climate scenarios and increased detail on sectoral impacts in response to feedback, Jean Boissinot and Martina Spaggiari tell Michael Hurley

NTR acquires Finnish windfarm

NGFS unveils 'short-term' climate scenarios for prudential stress testing

A group of central bankers has published a framework for modelling physical and transition climate-related risks over three-to-five years, to be used for prudential stress testing and to "enable financial actors to properly assess the resilience of the financial sector".

ECB's Lagarde talks up EU common issuance of green bonds

The ECB plots the 'winners and losers' of the transition

The central bank has alerted lenders and investors to the relative winners and losers in the transition - with fossil fuel companies set to take an immediate hit. Michael Hurley reports

ECB warns fossil-fuel-exposed banks they risk €21bn in annual losses by 2029

The European Central Bank (ECB) has delivered its starkest warning to-date of the damage a delayed transition to a net zero economy would inflict on the financial system.