News

• Circular economy - the next frontier for sustainable finance, says ING

  26 October 2016

  The circular economy, in which the focus shifts from asset acquisition to asset usage, is "the next great frontier" for ING Bank in its efforts to increase its sustainable financing, said Gerald Walker, CEO for the UK, Ireland and the Middle East.

• EU carbon market weekly update - 26 October 2016

  26 October 2016

  EU Allowance prices are likely to track sideways this week, as lower auction supply is offset by a decline in clean-dark spreads, says Louis Redshaw.

• Banks pledge support for UAE's sustainability goals

  26 October 2016

  Eight banks have committed to support the sustainable development goals of the United Arab Emirates (UAE) by signing the Dubai Declaration on Sustainable Finance.

• Nigeria sets launch date for green bond

  26 October 2016

  Nigeria has launched its green bond plans "in earnest", with its issue expected to come market in the first quarter of 2017, Environmental Finance can reveal.

• California to seek verification for all new muni bonds

  25 October 2016

  California's deputy State Treasurer has said that the state is considering seeking independent verification for all future municipal green bonds.

• GIB and Salix lend to UK's biggest non-PFI streetlighting project

  24 October 2016

  The UK's Green Investment Bank (GIB) has made a £10.2 million ($12.5 million) loan to a municipal authority to part-fund the biggest non-private finance initiative (PFI) streetlighting project in the country to date.

• World Bank tweaks PAF auction model again

  24 October 2016

  The World Bank's third iteration of its Pilot Auction Facility (PAF) will target emissions of nitrous oxide (N2O), rather than methane which was the focus of the first two auctions. In addition, the third auction will try to incentivise new projects, rather than being restricted to facilities that are already in operation.

• People Moves - Rabobank head of sustainability leaves to join ING

  24 October 2016

  Rabobank's long-serving head of sustainability, Hans Biemans, has left the bank to join rival Dutch lender ING Bank.

• US insurers 'turning blind eye to climate change'

  21 October 2016

  Many US insurers are still turning a blind eye to climate change, with less than 20% attaining high scores for their climate risk reporting, a study has warned.

• Deutsche Bank African renewables fund backed in $745m GCF funding round

  21 October 2016

  An African renewable energy fund managed by German lender Deutsche Bank has secured an $80 million anchor investment from the Green Climate Fund (GCF).