News

• People Moves: World Bank, BNP Paribas, BlackRock

  02 November 2018

  Jingdong Hua has been appointed as vice president and treasurer of the World Bank, and will start his new post on 1 January.

• Last chance to vote in Environmental Finance Market Rankings

  02 November 2018

  Voting in Environmental Finance's Annual Market Rankings – the most closely watched survey of the world's environmental markets – will close at midnight on Monday (5 November).

• Stranded assets warning for $60bn of Asian coal plants

  01 November 2018

  A projected drop in renewable energy costs will leave $60 billion of coal burning plants in Indonesia, Vietnam and the Philippines 'stranded' within a decade, a report by NGO Carbon Tracker has warned.

• UK government rejects calls for mandatory climate-related reporting

  01 November 2018

  The UK government has rebutted calls from a parliamentary committee to require companies to make climate-related financial disclosures.

• Green bonds round-up, 31 Oct 2018

  31 October 2018

  German utility EnBW has raised €500 million ($573 million) from its inaugural issue on the green bond market.

• $120m fund planned to help clean energy firms in emerging markets

  31 October 2018

  The Shell Foundation is to seed a fund that aims to raise $120 million to help young, clean energy-focussed companies in emerging markets.

• Willis Towers Watson pension scheme to shift equities investments to ESG

  31 October 2018

  Willis Towers Watson is to shift £740 million ($944 million) – half of the equities investments in its default master trust scheme – into environmental, social and governance (ESG) investment strategies.

• Investors and corporates join forces in new plastics initiative

  31 October 2018

  More than 15 major institutional investors and organisations representing several hundred companies have joined forces in support of a new initiative "to eradicate plastic waste and pollution at source".

• Exxon lawsuit represents 'turning point' for climate disclosure, says lawyer

  31 October 2018

  An allegation of misleading disclosure of climate information is at the centre of a new lawsuit against ExxonMobil, which marks a 'turning point' for climate litigation, a lawyer said.

• EU carbon market update, 30 October 2018

  30 October 2018

  A bearish outlook is justified this week after last week's sharp decline in EU Allowance prices, and volatility is likely to remain high, says Louis Redshaw.