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Investors have been unconvinced by the EU's response to US support for industry that will drive the transition to a low-carbon economy, an analyst at BNP Paribas has said.

The CEO of Verra has hit back at media reports criticising the firm's forestry standard, describing some of the claims as preposterous.

The carbon intensity of Swiss Re's combined corporate bond and listed equity portfolio decreased by 42% at the end of 2022, compared with the 2018 base year, it reported.

Sustainalytics has launched Low Carbon Transition Ratings, which it said "provide investors with a forward-looking assessment of a company's current alignment to a net-zero pathway", as previously reported by Environmental Finance.

Entries to Environmental Finance's annual Sustainable Investment Awards are open until 14 April 2023.

Property, casualty and specialty reinsurer Ariel Re has issued a $125m catastrophe bond with a mechanism that will help offset carbon emissions associated with having to replace damaged property.

Europe's carbon price broke the €100 ($106) barrier for the first time on Tuesday, boosted by strong demand amid policy reforms.

Biodiversity is "arguably the biggest opportunity for private markets", and will expand beyond timberland to other types of investments including in the technology sector, an executive at Manulife has said.

The World Bank has raised $50 million from an outcomes-based bond which links its coupon payments to verified carbon credits generated by a water purification project, described as a "unique" and "important" deal by investors backing the transaction.

BNP Paribas is among nine banks who have invested $45 million together in voluntary carbon credit trading platform Carbonplace.