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Central banks should fund infra, not buy gilts, says Aviva
25 June 2019Central banks should use the reserves they have accumulated in the wake of the financial crisis to help build long-term infrastructure, rather than buying sovereign bonds that "drive a wedge through society", the head of Aviva Investors has argued.
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Shipping sector lacks investments in transformative technologies to stem climate risks
25 June 2019Most major shipping companies have failed to deploy transformative and innovative technologies to protect themselves against climate-related risks, according to a CDP study.
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Zurich signs UN business pledge to limit global temperature rise
25 June 2019Zurich has become the first insurer to sign up to the UN Global Compact Business Ambition Pledge, which aims to limit average global temperature increases to 1.5°C above pre-industrial levels by 2030.
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Climate Investor One raises $850m for developing country renewables
25 June 2019Climate Investor One (CIO), a blended finance vehicle set up by Dutch and South African institutions, has reached $850 million at its final close, far above its initial target of $530 million.
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EU Weekly Carbon Update, 24 June 2019
25 June 2019The bulls seem to have the upper hand in the market for EU Allowances at present, says Louis Redshaw.
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EU taxonomy could boost green bonds from US munis, Calvert predicts
24 June 2019The EU taxonomy of climate-related activities could encourage greater green bond issuance from US municipalities, the manager of a green bond fund has predicted.
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US Representatives join call for sovereign green bonds
24 June 2019US Congressman Jim Himes (D-CT) and 13 colleagues have introduced a bill in the House of Representatives, matching an earlier bill in the Senate, to establish a national US green bank.
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WCI carbon market update, 24 June 2019
24 June 2019Nicolas Girod* remains bullish about the price of California Carbon Allowances, despite the recent decline in activity by financial sector participants.
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Engaging with sovereigns on ESG issues is a challenge, says Allianz
24 June 2019Engagement with sovereign issuers of debt on environmental, social and governance (ESG) issues is difficult for investors,partly because of a lack of available data, according to investment management giant Allianz Global Investors.
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MSCI launches carbon transition indexes
21 June 2019Data provider MSCI has launched a new series of ‘low-carbon transition’ indexes, as it extends its range of climate change-focused indexes.