News

• EF BRIEFS: Capital Stage, GIB, Equitix, Westpac

  27 May 2016

  German renewable energy operator Capital Stage has acquired its second asset in as many weeks, growing its UK portfolio to more than 80MW.

• Aegon backs out of coal and plans 'in-depth' assessment of climate risks

  26 May 2016

  Dutch insurer Aegon is the latest investor to divest from coal, citing concerns about stranded assets, and has committed to an in-depth assessment of its exposure to climate change risks.

• Shareholders lose climate change resolution at ExxonMobil and Chevron, despite record support

  26 May 2016

  Shareholders have failed to force ExxonMobil and Chevron to report on the potential impact on their businesses of climate change policies that limit global warming to 2˚C.

• Aquila offers securitisation exposure to European renewables fund

  26 May 2016

  Bond investors are being offered access to Aquila Capital's latest renewable energy fund via a securitisation issue.

• Westpac enters green bond market with deal for real estate

  26 May 2016

  Australian bank Westpac has issued a A$500 million ($361 million) green bond to finance a clean energy portfolio.

• TenneT gears up for another green bond

  25 May 2016

  Dutch grid operator Tennet is gearing up to issue another benchmark green bond just weeks after it priced a €500 million green Schuldschein, Environmental Finance has learned.

• Carbon prices are far too low to hit 2°C warming target, says IETA

  25 May 2016

  The price of carbon in major emissions markets is unlikely to exceed €15 ($17) per tonne of carbon dioxide by 2020, less than half the price likely to be needed to limit global warming to 2°C, according to an industry survey.

• EF BRIEFS: Spruce, Vivint, GE

  24 May 2016

  Spruce Finance has secured $120 million of debt for rooftop solar, according to reports.

• Axis Bank tightens price on oversubscribed green bond

  24 May 2016

  India's Axis Bank said its inaugural $500 million, five-year green bond was 2.2 times oversubscribed and, as a result, the issuer tightened the pricing to 160 basis points over US Treasuries from 175 points over.

• Investors warn insurers about stranded assets arising from climate change action

  24 May 2016

  US insurers and their regulators should pay more attention to the risk that fossil fuel assets in which they are invested could become 'stranded' as a result of action to combat climate change, a group of major investors has warned.