News

African green bank launch stunted by GCF’s ‘longstanding governance issues’

The bid to fund a world-first developing market green bank has been beset by ‘fundamental and longstanding issues around the governance’ of the Green Climate Fund (GCF).

Dutch banks draft circular economy finance guidelines

Three Dutch banks have teamed up to launch Circular Economy Finance Guidelines, which they hope will gain global traction.

Science-based targets gain traction in climate fund rating methodology

A tool designed to help investors assess carbon risks in their portfolios has been updated to incorporate ‘science-based targets’, in a sign of the growing significance of these targets.

EU carbon update, 09 July 2018

The heatwave across much of Europe is deriving demand for EU Allowances and the market outlook for this week is bullish, despite increased auction volumes, says Louis Redshaw.

Divest from oil and gas by 2023, £12bn Church of England instructed

The Church of England has agreed to divest from oil and gas firms by 2023 unless they can demonstrate sufficient efforts to mitigate the effects of climate change.

Moody’s predicts sharp increase in sovereign green bonds

Many more sovereign green bonds are likely in coming years, predicts Moody’s Investors Service.

Japanese and London Stock Exchange link to promote sustainable investment

London Stock Exchange Group (LSEG) and Japan Exchange Group (JPX) have jointly agreed to develop financial market infrastructure initiatives to promote sustainable investment globally.

London launches £500m public/private energy efficiency fund

A £500 million ($667 million) fund, backed by public and private capital, has been launched to improve the energy efficiency of public buildings and small businesses in London.

People Moves: Tideway, CalSTRS and Nature Conservancy

Equinor buys energy trading company in move toward cleaner fuels

Oil and gas company Equinor has acquired power and gas trader Danske Commodities (DC), as it looks to shift its business model toward cleaner fuels.