News

• Swedish finance minister positive on sovereign green bond prospects

  15 January 2018

  A sovereign green bond issue could help Sweden achieve its goal of being a fossil-fuel-free country by 2040, but liquidity concerns must be overcome first, finance minister Per Bolund told Environmental Finance.

• Insurers face up to €1.6b losses from Storm Eleanor

  15 January 2018

  Insured losses caused by Storm Eleanor will range between €1.1 billion and €1.6 billion ($1.3 billion - $1.9 billion), according to modelling firm AIR Worldwide.

• Swiss Re could stop insuring thermal coal projects

  15 January 2018

  Swiss Re could be the next insurer to stop underwriting some coal projects, Environmental Finance understands, building on its previous commitment to sell its investments in coal-related stocks.

• UK parliament to weigh merits of making TCFD mandatory

  14 January 2018

  An independent audit committee is to examine whether the recommendations of the FSB's Task Force on Climate-related Financial Disclosures (TCFD) should be made mandatory by the UK government.

• People moves: BlackRock, Orsted Wind Power, Reed Smith, MSCI, CEFC, Fenix, US SIF, Lightsource, Renovate America and Highview Power

  12 January 2018

  BlackRock hires sustainability chief investment officer

• Mats Andersson's report urges Sweden to issue green bond

  12 January 2018

  Sweden has been urged to follow in France's footsteps and issue a sovereign green bond, by a government-commissioned report into how it can nurture the green bond market.

• Hong Kong launches green finance 'certification' scheme

  12 January 2018

  The Hong Kong Quality Assurance Agency (HKQAA) has launched a Green Finance Certification Scheme, which has already been used to certify its first green bond.

• Marex Spectron reopens EU carbon desk as it identifies 'significant opportunity'

  12 January 2018

  Broker Marex Spectron has reopened its EU carbon emissions desk in London, citing renewed confidence in the EU's Emissions Trading System (ETS).

• Addenda's new fixed income impact fund ready to start trading

  11 January 2018

  Addenda Capital said its first fixed income fund with a social impact focus will start trading on Friday.

• New York City files to sue five oil majors, plans $5bn pension fossil fuel divestment

  11 January 2018

  New York City has filed a lawsuit against five oil majors for damages caused by climate change, and the city's pension funds intend to divest $5 billion from fossil fuel companies, as its mayor launched a blistering attack on the firms.