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EU carbon market weekly update - 20 November 2017
20 November 2017If the EU Allowance price remains above €7, despite bearish headwinds, then it is likely to re-test €8 as the lower auction volumes of December approach, says Louis Redshaw.
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COP23 makes progress but no draft text emerges
20 November 2017United Nations (UN) climate talks in Bonn over the past two weeks made modest progress towards writing a "rulebook" for how to achieve the Paris Agreement, but no draft negotiating text was finalised.
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Platina offloads UK wind farms to Gravis for £52m
20 November 2017Platina Energy Partners has concluded its second sale in less than a month, as it offloaded five wind farms to Gravis Capital Management.
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Iberdrola green hybrid tightens price by 43bps
20 November 2017Iberdrola's latest green bond tightened by 43 basis points amid "remarkable demand" from investors.
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SUSI energy storage fund signs "milestone" C$120m facility
20 November 2017SUSI Energy Storage Fund (SESF) has signed a financing facility of C$120 million ($93.9 million) with energy storage company NRStor C&I, marking a "major milestone" for the Canadian energy market.
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Trillion-dollar wealth fund to consider dropping oil and gas investment
20 November 2017Norway's $1 trillion sovereign wealth fund is to consider divesting its holdings in oil and gas because of the risk fossil fuels pose to its portfolio.
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Axa calls for TCFD to be made mandatory
20 November 2017Financial disclosures on climate risk should become mandatory – as they are in France, according to an executive from insurance giant Axa.
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L&G invests £300m in world's largest offshore wind farm
20 November 2017UK financial services group Legal & General (L&G) has agreed to provide £300 million ($395 million) of long-term acquisition debt to help Danish pension funds PKA and PFA buy 50% of UK offshore wind farm Walney Extension from Ørsted (formerly known as Dong Energy).
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'Incredible week' as green bond market breaks $100bn barrier
17 November 2017The green and social bond market saw a frenzy of activity this week, after a spate of issues that should propel the green bond market through the $100 billion barrier for the first time.
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Knight to lead HSBC's new sustainable finance centre
17 November 2017Zoe Knight has taken a new role at HSBC as group head of the recently launched Centre of Sustainable Finance.