Michael Hurley

Banque de France projects 40% hit to shares in burst of 'green bubble'

A theoretical 'green bubble' in stock markets could see the value of shares in companies developing 'clean technologies' such as electric vehicles and renewables tank by as much as about 40% and lead to widespread bankruptcies, the Banque de France has projected.

'Significant shortfall' in CSRD-type disclosures points to trouble ahead, analysis says

'World is watching' California climate disclosure bills, CDP says

Estimated data key to plug expected gaps in UK taxonomy reports, government told

Major investor groups identify what 'good' climate policy looks like

APG lauds 'first of its kind' climate-themed real estate index for pension funds

APG has hailed a "first of its kind" climate-themed real estate index it created for its pension fund clients, which aims for a progressive reduction in greenhouse gas emissions.

USS unveils own climate scenarios to address inadequacies in widely used models

UK pension fund USS has published four climate scenarios that it says "better reflect the real-world risks and opportunities that frame our investment decision-making over the short- and medium-term", as it criticised widely-used models as "inadequate".

NZAOA members 'split' on sovereign debt climate target-setting

The thorny issue of how to set decarbonisation targets for sovereign debt has split the signatories of the Net Zero Asset Owner Alliance (NZAOA), leading to a "compromise" of a proposed scoring system.

ECB warns fossil-fuel-exposed banks they risk €21bn in annual losses by 2029

The European Central Bank (ECB) has delivered its starkest warning to-date of the damage a delayed transition to a net zero economy would inflict on the financial system.

Australian carbon border tax's inflationary impact may hit renewables - UBS

A proposed carbon border tax to ensure importers to Australia face the same costs on carbon emissions as domestic companies could drive inflation in the cement industry - costs which could be passed on to infrastructure and renewables sectors, UBS has projected.