Archive

Net zero transition to cost $1-2tn a year, say energy companies

Achieving net-zero emissions worldwide by 2050 will cost $1-2 trillion a year, around 1.5% of global GDP, according to a report from coalition The Energy Transitions Commission (ETC).

Bond round-up: Novartis, Cades, EDF, Luxembourg, JP Morgan ... and more

WCI Carbon Market Update, 14 September 2020

The outlook for California Carbon Allowances is bullish, but the forthcoming presidential election and associated economic uncertainty could increase market volatility, says Nicolas Girod*.

Green and sustainability-linked loan round-up, 16 September: FRV and Wilmar International

EU targets €225bn green bond issuance amid strengthened climate push

The EU said it intends to raise 30% of its €750 billion ($890 billion) Next Generation EU (NGEU) recovery fund through the issuance of green bonds, as it boosted its greenhouse gas (GHG) emissions reductions target for 2030.

Water risk relevance for sovereign ratings to increase


Water risks are already helping drive downgrades and will continue to do so over the medium to long-term, says Mahmoud Harb

MSCI launches SDG alignment data product

Data provider MSCI has launched a tool it says will help investors more closely scrutinise the claims by their portfolio companies of contribution to the UN Sustainable Development Goals (SDGs).

UNEP FI: climate change already impacting loan portfolios

Extreme weather events such as storm surges, wildfires, sea level rise, inland flooding, drought, and other hazards are already impacting banks' lending portfolios

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.

Swiss Re ramps up its internal price on carbon

Several leading European insurance groups - Swiss Re, Generali, Allianz and Aviva Europe - have announced bold actions to lower greenhouse gas (GHG) emissions.