Archive

Brookfield raises $10bn for second energy transition fund

Brookfield Asset Management has held a first close for its second energy transition fund, raising $10 billion.

COP28: We need carbon markets, say Carney, Kerry and Banga

Mark Carney and other influential figures said carbon credits are essential to combat climate change - but they discussed the need to bring integrity to the much-criticised market.

COP28: GFANZ says integrating nature in net-zero transition planning is priority for 2024

GFANZ sets up Hong Kong chapter

Economists promise COP28 roadmap to reform financial system

A "roadmap" to reform international climate finance is to be delivered at the COP28 climate conference in Dubai that will involve measures to catalyse more private finance in developing countries.

Carney: More capital must be allocated to help dirty companies transition

The bulk of capital needs to flow to companies that are not yet aligned with the goals of the Paris climate agreement but need investment to help them shift, Mark Carney has said.

COP27: Regulators march on ... and on

Are regulators suffering mission creep at COP27, asks Peter Cripps

COP27: Carney says data platform will bring accountability to transition plans

Mark Carney has said a proposed free-to-use climate data platform will bring accountability to financial institutions' climate transition targets.

Time has come to ready transition plan regulation, Carney says

Regulators internationally should start work to regulate transition plans of financial institutions and businesses to ensure such a regime is ready to govern reporting when these disclosures become commonplace, Mark Carney has said.

US banks 'have not indicated' intention to quit GFANZ, Carney says

Mark Carney has denied that several large US banks threatened to quit the climate finance group he co-chairs, adding that the CEOs of the banks "have not indicated to me any intention to do so".