Meeting climate goals while unlocking productivity and delivering growth
A major expansion of green infrastructure is urgently needed and it makes economic as well as environmental sense, says Zoë Knight.
Green bond round-up, January 10
Italian utility Enel has successfully issued its second green bond, raising €1.25 billion ($1.5 billion).
The SDGs and the bond market
The green bond market, which in recent years has emerged as a test bed for sustainable finance, has begun to adapt in response to the Sustainable Development Goals (SDGs).
World Bank repays $9.6m under its PAF scheme
The World Bank has repaid $9.6 million to bondholders that acquired notes issued under its innovative Pilot Auction Facility (PAF) scheme.
Insurers reach 'tipping point' on climate change
Concerns about climate change are influencing the underwriting and investment policies of a growing number of insurance companies, finds Graham Cooper
News briefs from COP23
Small island nation Fiji will have to spend around $4.5 billion over the next decade to prepare for rising temperatures, strengthening storms and higher sea levels.
French insurer to double green investments
BNP Paribas Cardif is to double its green investments to €2.4 billion ($2.9 billion) by 2020, largely through the purchase of green bonds.
Folksam buys more green bonds and doubles investment target
Sweden's Folksam has acquired $350 million of green bonds from the International Finance Corporation (IFC), the private sector arm of the World Bank.
Philippines government cedes cat risks to global reinsurers
The Philippines government has agreed a reinsurance programme that will cover national government assets, as well as 25 participating provinces, from up to $206 million in losses from major typhoons and earthquakes.
World Bank issues $360m cat bond for Mexico
The World Bank has issued a $360 million catastrophe bond to provide Mexico with protection against financial losses from earthquakes and tropical cyclones.