News

• Leave taxonomies to the private sector, says Impax

  18 October 2018

  The task of writing taxonomies for sustainable finance is best left to the private sector, according to Impax Asset Management.

• Sustainable food tech 'hot in venture capital'

  18 October 2018

  Sustainable food technology is a significant investment opportunity, said investors on a private equity panel of Environmental Finance’s Green Equities conference.

• Green bonds round-up, 17 October 2018

  17 October 2018

  German commercial bank Berlin Hyp has raised €500 million ($578 million) from its third green Pfandbrief. This takes the total green debt issued by the bank to €3 billion.

• ScottishPower sells last gas asset to complete shift to renewables

  17 October 2018

  ScottishPower has become the first integrated energy company in the UK to shift completely from coal and gas generation to wind power, after completing the sale of its traditional generation business to power company Drax for £702 million ($922 million).

• Should the TCFD be mandatory? Not yet, say investors

  17 October 2018

  A panel at Environmental Finance's Green Equities conference was asked whether reporting in line with the recommendations of the Task Force of Climate-related Financial Disclosures (TCFD) should be made mandatory.

• IIGCC urges pension funds to improve climate risk management

  17 October 2018

  Pension funds have been urged to improve their management of climate-related risks and opportunities by a group of investors with more than €21 trillion ($24.3 trillion) in combined assets.

• Investors agree with BP - scenario analysis can be confusing!

  17 October 2018

  Climate scenario analysis - as recommended by the Task Force on Climate-related Financial Disclosures (TCFD) - can be "infinitely confusing", Environmental Finance's Green Equities conference heard.

• EU carbon market update, 15 October 2018

  15 October 2018

  There is no obvious reason for EU Allowance (EUA) prices to rise this week, as auction volumes increase and mild weather continues, says Louis Redshaw. But long-term hedging by utilities could boost demand.

• FCA mulls mandatory climate disclosure for financial firms

  15 October 2018

  Financial services firms could be required to report how they manage climate risks, the UK's Financial Conduct Authority (FCA) suggested in a discussion paper.

• Central banks make rallying cry for swift action on climate risk

  15 October 2018

  The financial risks presented by climate change are “system-wide and potentially irreversible… and [these] risks call for action in the short-term to reduce impact in the long-term”, a group of some of the world’s most influential central banks and supervisors has warned.