News

• NY Green Bank aims to raise $1bn from private sector

  30 October 2017

  New York Green Bank has revealed plans to raise at least $1 billion from private investors and invest for the first time in projects in other states.

• EU carbon market weekly update - 30 October 2017

  30 October 2017

  Carbon fell more than 5% last week despite the clean-dark spreads, which measure the profitability of coal fired electricity generation based on the variable cost of inputs (coal and carbon credits) and the value of the output (electricity) - making large gains.

• EAPF issues call-to-arms for climate transparency

  30 October 2017

  The UK's Environment Agency Pension Fund (EAPF) has issued a rallying cry to the finance sector to step up its focus on climate change disclosures .

• Proliferation of standards is impediment to green bond market, says EIB

  30 October 2017

  The multiple taxonomies that exist to define the impacts of green bonds is blocking the flow of capital and slowing market growth, according to the EIB's Irene Sanchez Aizpurua.

• $25m green bond fund launched

  27 October 2017

  A $25 million green bond fund has been launched, as a separate account on behalf of a US endowment, Environmental Finance has learned.

• Biggest fossil fuel companies more than six times over carbon budget

  27 October 2017

  The 200 biggest coal and oil & gas companies have more than six times their allocated carbon budget in their reserves, according to a report by the Fossil Free Indexes (FFI).

• Canadian Solar to raise $156m through Japan yieldco IPO

  27 October 2017

  Renewables company Canadian Solar expects to raise ¥17.78 billion ($156 million) from the upcoming initial public offering (IPO) of its Canadian Solar Infrastructure Fund (CSIF) yieldco this month.

• KfW's 2017 green bonds prevent 2.1m tonnes of GHG

  27 October 2017

  KfW has issued €2.7 billion ($3.2 billion) in green bonds in 2017, avoiding 2.1 million tonnes of greenhouse gas (GHG) emissions per annum, it has estimated

• UBS launches Global Impact Fund

  26 October 2017

  UBS Asset Management (AM) has launched UBS Equity SICAV Global Impact Fund, an open-ended fund targeting companies that aim to have a positive social and environmental impact.

• Investors welcome guidance on green bond reporting from Nordic issuers

  26 October 2017

  Investors have welcomed a set of guidelines intended primarily to help Nordic public sector borrowers report on the environmental impact of their green bonds.