News

• TCFD Reaction: 'Turning point for climate disclosure'

  14 December 2016

  The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated into mainstream reporting.

• Task Force issues specific guidance for the financial sector

  14 December 2016

  A key aim of the FSB Task Force is to encourage disclosures that "would enable stakeholders to understand better the concentrations of carbon-related assets in the financial sector and the financial system's exposures to climate-related risks."

• TCFD's long-awaited report revealed

  14 December 2016

  After a year of intensive work, the Task Force on Climate-related Financial Disclosures (TCFD) today laid out its eagerly-awaited recommendations designed to help standardise and mainstream considerations about the impacts of climate change on companies.

• Organisations should use existing climate scenario analysis or develop their own, says TCFD

  14 December 2016

  Companies should use a range of existing, publicly-available climate-related scenario analysis or develop their own in order to assess the risks posed to their business by climate change, according to the Financial Stability Board (FSB) Task Force on Climate-Related Financial Disclosures (TCFD).

• Quercus reaches €150m first close on European renewables funds

  13 December 2016

  Quercus Assets Selection has secured €150 million ($160 million) for its three renewable energy funds launched late last year.

  

• Allianz buys 80% of €330m wind farm portfolio

  12 December 2016

  Allianz Global Investors has bought 80% of a €330 million onshore wind farm portfolio in Germany through its energy and infrastructure fund Allianz Renewable Energy Fund II.

• EU carbon market weekly update - 12 December 2016

  12 December 2016

  The price risk for EU Allowances is skewed to the upside this week, as the auction shutdown approaches, says Louis Redshaw.

• Brexit vote could help UK take a lead in energy storage

  12 December 2016

  The UK's vote to leave the European Union could represent an opportunity for the country to lead the way on the use of energy storage technologies, said law firm Simmons & Simmons.

• California dreaming of return to green bond market?

  12 December 2016

  The state of California hopes to launch a green bond in coming weeks to fund an agricultural project, Environmental Finance understands.

• Value of investors pledging to divest from fossil fuels doubles to over $5trn

  12 December 2016

  Investors worth $5.2 trillion have pledged to divest fossil fuels, up from $2.6 trillion in September last year, according to a report by US-based impact investment consultant, Arabella Advisors.