News

The Taskforce on Nature-related Financial Disclosures (TNFD) has opened a consultation on the 'advanced' version of its nature scenarios guidance.

Financial institutions under-reporting their sustainability credentials to evade investor scrutiny or regulatory requirements may be punished under existing regulations, according to a report by the board of the International Organisation of Securities Commissions (IOSCO).

The Net Zero Banking Alliance (NZBA) has seen its membership triple to 136 since it launched in 2021, with 90% of those required to set their initial targets already having done so ahead of a key targets deadline next year.

Greater investment in renewable energy is needed to support a newly agreed deal to triple renewables capacity and double energy efficiency by 2030 to align with the Paris Agreement goals, heads of state in attendance at COP28 have urged.

National fossil fuel phase out targets are few and far between, researchers have found, amidst ongoing wrangling at COP28 about the necessity of a commitment by countries to phase out fossil fuels.

The EU-led Global Green Bond Initiative (GGBI) has signed a partnership with the African Development Bank (AfDB) as part of its plan to expand its emerging and developing market green bond technical assistance programme.

The Principles for Responsible Investment (PRI) has launched a Taskforce on Net Zero Policy at COP28, backed by the UN.

The Net Zero Data Public Utility (NZDPU) has launched an initial "proof-of-concept" of its climate transition data tool which is set to provide the first global private sector centralised and open data source.

The Monetary Authority of Singapore (MAS) has launched a 'transition' taxonomy for eight priority sectors, and announced a 'transition credit' coalition for 'early phase out' of coal power plants.

The Monetary Authority of Singapore (MAS) has announced two blended finance partnerships, as part of a wider Singaporean platform looking to raise $5 billion in blended capital.