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UK makes pitch to lead world in transition finance with launch of council
11 February 2025London stands to become "the preeminent financial hub for transition finance" if a new Transition Finance Council is successful, according to its chair and former president of the COP26 climate conference, Alok Sharma.
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Japan plans updates to transition finance guidelines
30 January 2025Japan is focused on updating its ground-breaking transition finance guidelines in 2025, as it reacts to changes to the international guidance and experience of its landmark sovereign transition bond programme, according to a senior official.
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Decline in energy sector's EU taxonomy alignment bucks positive trend in other sectors
27 January 2025Energy companies reported a decline in their alignment with the EU taxonomy last year, bucking a trend of increased alignment in most other sectors which data provider Bloomberg said bolstered the use case for the taxonomy.
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Account for 'stranded asset' risks alongside transition plan rules, EU advised
23 January 2025The EU should create a framework to account for the depreciation of highly polluting assets "at risk of becoming stranded" to help financial institutions assess the credibility of transition plans, it has been told by advisers.
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BlackRock launches fund with SDR label
17 January 2025BlackRock has launched its first fund to have a label under the UK's Sustainability Disclosure Requirements (SDR) regime.
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More blended finance vehicles needed for net-zero, says London Mayor's office
14 January 2025Public-private partnerships need to be 'bigger and more ambitious' to help hit national sustainability targets, the Mayor of London's office has claimed.
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Standard Chartered, Apollo launch $3bn energy transition infrastructure credit partnership
14 January 2025Standard Chartered has launched a $3 billion clean energy and transition financing partnership with Apollo, which has resulted in the acquisition of a minority stake in debt origination firm Apterra.
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OECD blended finance conference to tackle barriers to capital mobilisation
14 January 2025BlackRock, Amundi and BNP Paribas have been named among the speakers at a conference on how to mobilise capital for sustainable development in emerging markets.
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Delayed transition now most likely scenario, says Candriam
09 January 2025"Waning political ambition" for the energy transition could slow progress but economic competitiveness and increased focus on energy security will make it an "unstoppable trend" for years to come, according to investor Candriam.
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EU banking regulator sets ESG transition plan, capital adequacy requirements
09 January 2025Eurozone banks have been set requirements for 'prudential transition plans', scenario analysis and internal capital adequacy tests under rules published by the European Banking Authority (EBA).