96% of carbon prices do not cover 2030 targets
The World Bank has found that less than 4% of global emissions are currently covered by a direct carbon price within the range needed by 2030, despite a year of record growth for Emission Trading Schemes (ETSs).
The Future of ESG Data: Environmental concerns rising up the agenda for sovereign bonds
Environmental factors are becoming increasingly material considerations for investors in sovereign bonds, according to a panel of experts at Environmental Finance's The Future of ESG Data conference.
AllianzGI poaches BlackRock head of sustainable emerging market debt
Allianz Global Investors (AllianzGI) has hired Giulia Pellegrini as senior portfolio manager within its emerging market debt team.
Green bonds round-up, 25 July
The City of Toronto has completed a green bond issue worth C$300 million ($228 million), becoming the second city in Canada to issue green-labelled notes, following Ottawa's C$102 million issue in November.
World Bank plans new auction for carbon credits
The World Bank has teamed up with the German government to buy carbon credits from private sector companies with projects that reduce emissions of nitrous oxide (N2O) from nitric acid production facilities.
EU carbon update, 29 May 2018
Amundi creates position of chief responsible investment officer
Amundi has appointed Stanislas Pottier to the new position of chief responsible investment officer.
World Bank sells $250m green bond to California
The World Bank has sold a $250 million green bond to the State of California.
World Bank sells $12m green bond to Merrill Lynch clients
The World Bank has sold a $12 million green bond exclusively to clients of Merrill Lynch Wealth Management.