News

• Ship owners and NGOs object to EU ETS reform proposals

  19 December 2016

  A proposed revision of the EU's pioneering Emissions Trading System (ETS) is facing strong opposition from ship owners and some environmental NGOs.

• Axa IM awarded €124m fixed income ESG mandate

  19 December 2016

  Axa Investment Management (IM) has been awarded a €124 million ($130 million) fixed income environmental, social and governance (ESG) mandate by Japanese insurer Nippon Life.

• Green Climate Fund approves $315m of projects - but misses target

  16 December 2016

  The Green Climate Fund has approved a further $315.2 million of funding for projects at its latest board meeting, but has fallen short of its target for the year.

• Belgium's largest offshore wind farm secures €867m debt package

  16 December 2016

  Belgium's largest offshore wind farm has reached financial close, after it secured a 15-year, €867 million ($905 million) debt package from a consortium of 10 financial institutions.

• GIB, MUFG, Siemens and Barclays fund £180m energy-from-waste plant

  16 December 2016

  The UK's Green Investment Bank (GIB) has invested alongside Mitsubishi UFJ Financial Group (MUFG), Siemens Bank, Natixis and Barclays into a £180 million ($225 million) energy-from-waste plant in Wales.

• IETA welcomes approval of Environment Committee's EU ETS amendments

  15 December 2016

  The International Emissions Trading Association (IETA) has welcomed the European Parliament's Environment Committee's approval of amendments to the proposed revision of the EU Emissions Trading Scheme (ETS) as set out by the European Commission last year.

• Market will decide what climate scenarios to use, says Bloomberg

  15 December 2016

  It is up for the market to decide how best to implement the Financial Stability Board's (FSB) Task Force on Climate-Related Financial Disclosures (TCFD) recommendations and which climate-related scenario to deploy, said Michael Bloomberg, chairman of the report.

• Poland issues green bond market's first sovereign bond

  15 December 2016

  Poland has priced a €750 million ($790 million) green bond, stealing a march on other countries such as France and Nigeria to become the first sovereign to tap the market.

• Alliance Trust sells ESG-focussed investment arm to Liontrust

  15 December 2016

  Alliance Trust plc has sold its in-house, sustainability-focused, investment manager Alliance Trust Investments (ATI) as part of a strategic restructuring set to see the investment trust reduce its focus on environmental, social and governance (ESG) considerations.

  

• Green bond round up

  15 December 2016

  German development bank KfW has confirmed its intention to continue as a major issuer and investor in the green bond market next year.