Carbon markets face fresh uncertainty
Political changes in the UK and US have reversed recent progress towards greater clarity in the world's largest carbon markets, says Graham Cooper
COP22 gathers momentum on halting global warming, despite Trump
World leaders at the conclusion of this year's UN Summit on Climate Change (COP22) have agreed to accelerate both the implementation and the ambition of the Paris Agreement, despite headwinds brought on by the election of Donald Trump, reports Hamza Ali
Morocco's sovereign wealth fund and World Bank launch Green Africa Fund
Ithmar Capital, Morocco's sovereign wealth fund, and the World Bank have signed an agreement to launch what they claim is the first pan-African green investment fund.
World Bank issues green bond for Morocco
The World Bank (the International Bank for Reconstruction and Development) has issued a green bond that was exclusively bought by the Bank Al-Maghrib, the Central Bank of Morocco.
World Bank sells half of pre-COP green bond to Maryland
The World Bank has issued a $500 million green bond ahead of the UN Summit on Climate Change (COP22) - half of which was bought by the US state of Maryland.
World Bank tweaks PAF auction model again
The World Bank's third iteration of its Pilot Auction Facility (PAF) will target emissions of nitrous oxide (N2O), rather than methane which was the focus of the first two auctions. In addition, the third auction will try to incentivise new projects, rather than being restricted to facilities that are already in operation.
EF BRIEFS: Impax; CBL Markets; Urban development
Impax Asset Management has completed the sale of a 107.7MW portfolio of wind farms in Finland to German insurer Allianz. The sale price was not disclosed.
Carbon trading could slash cost of meeting Paris targets, says World Bank
International carbon trading could help countries meet their domestic emission reduction plans, which support the UN's Paris Agreement on climate change, the World Bank said.
Latin America eyes a price on carbon emissions
More than two-thirds of countries in Latin America and the Caribbean plan to use carbon pricing to help them meet their commitments under the Paris Agreement on climate change, said James Close, director of the World Bank's climate change group.
Impact investment fund reaches first close
A carbon fund that will help provide clean energy and water to impoverished households has reached a first close.