Stranded Assets

Norges Bank Investment Management (NBIM) is proposing updating the investment strategy for the NOK15.6 trillion ($1.46 trillion) Norwegian sovereign wealth fund to include net zero-aligned unlisted equity investments.

Environmental Finance has published its first COP-focused special report in the build up to COP28, taking place in Dubai this week.

The UK government would help to catalyse investment in climate solutions if it produced its own transition plan, Phoenix Group has argued.

The Climate Bonds Initiative (CBI) has published an initial mapping of transition finance frameworks as part of a collaborative project to "demystify" the topic for corporates amid a proliferation of frameworks.

Investors are "trapped" in a quandary of working towards targets based on keeping warming to 1.5°C, while confidence evaporates that countries and companies are reducing emissions at a fast enough rate to do so, an asset owner has warned.

Transition plan disclosures are the "most significant next step" for sustainability disclosures, the UK's financial services regulator has said, as it prepares to consult on mandatory disclosures.

BlackRock has launched a climate-focused private debt fund, as it continues to ramp up its focus on the transition to a net zero economy.