Archive

WCI Carbon Market Update, 15 June 2020

The fundamental price drivers in the WCI market remain weak, because of the impact of the Covid-19 virus, says Nicolas Girod*.

CLP criticised for transition bond framework targeting natural gas

Hong-Kong based power company CLP Group has faced criticism for publishing a revised transition bond framework that still includes the construction of natural gas-fired power plants.

Banks step up action on biodiversity

Natixis, HSBC and a number of Dutch banks are calling for the financial sector to accelerate action to prevent biodiversity loss.

Business alliance calls for major changes to UK policy following pandemic

UK-based business alliance The Aldersgate Group has called for a wide range of green-based policy responses to guide the economic rebuild in the wake of the Covid-19 pandemic.

Private wealth managers want better impact products, says Tribe

Many private wealth managers are keen to invest for positive impact but are often constrained by a lack of quality products and the absence of incentivisation structures, according to Tribe Impact Capital.

Paint it brown

After devising a taxonomy of green activities, the EU has been called on to create a 'brown' taxonomy. Would it be a help, or an unnecessary complication, asks Christopher Marchant

People Moves 12 June; SEB, Green Bond Principles, Pollination Capital, Bank of America, LSEG, UN Biodiversity Convention, Finance for Tomorrow, Eversheds Sutherland

Snam issues maiden €500m 'transition' bond after 'climate action' criticism

Italian energy infrastructure firm Snam has raised €500 million ($567 million) through its inaugural 'transition bond' to finance or refinance energy transition projects, just over a year after its 'climate action bond' attracted controversy.

Asset managers neglecting risks of biodiversity loss, says ShareAction

None of the world's 75 largest asset managers has a dedicated policy on biodiversity, according to a survey conducted by responsible investment charity ShareAction.

Chinese green bond standard update a 'great signal' to market

After years of misalignment with global green bond standards, the new proposals from Chinese watchdogs should clear the way for greater green bond issuance. Ahren Lester reports