News

• GCF gets go-ahead for $168m investment in eight initial projects

  09 November 2015

  The UN's Green Climate Fund (GCF) has been given the green light to allocate $168 million to its first eight projects, in a move it expects will result in $1.3 billion of total investment by 2020.

• FSB calls for task force on climate risk disclosure

  09 November 2015

  The Financial Stability Board (FSB) has called for the creation of an industry-led task force to work on the disclosure of climate-related risks.

• Two fossil fuel giants investigated over claims they lied over climate change

  06 November 2015

  US oil giant ExxonMobil and Peabody Energy are being investigated by the New York state attorney-general over claims they lied to their shareholders and the public about climate change risk.

• EF BRIEFS: Downing, Lekela, Recurrent Energy, Enbridge, Climate Bonds Initiative, GRI, Global CCS Institute, IETA

  06 November 2015

  London-based investment firm Downing will invest £20 million ($30 million) in biomass projects as part of a joint venture with developer Strand Energy.

• Lightsource issues UK's biggest renewables bond, in £284m deal

  06 November 2015

  Lightsource Renewable Energy has completed what it claims is the world's largest sterling-denominated bond for renewables.

• IIGCC demands policymakers tighten emissions testing after VW losses

  06 November 2015

  The Institutional Investors Group on Climate Change (IIGCC) has demanded that regulators to strengthen automotive emissions-testing standards after its members "lost significant investment value" in the aftermath of the Volkswagen scandal.

• Canadian Solar files for long-awaited yieldco

  06 November 2015

  Canadian Solar took a step closer to launching its long-awaited yieldco, as it filed a draft registration statement with the Securities and Exchange Commission.

• NESF triples revolving credit facility to £100m

  06 November 2015

  NextEnergy Solar Fund (NESF) has increased its revolving credit facility (RCF) with Macquarie Bank to £100 million ($151 million) from £31 million.

• Societe Generale plans €500m green "impact bond"

  06 November 2015

  Societe Generale plans to issue a €500 million ($543 million) "impact bond" to refinance loans which have a climate impact.

• Number of companies with emissions targets doubles, says CDP

  06 November 2015

  Hewlett Packard Enterprise has urged companies to "take swift and bold action" to address climate change, as research reveals the number of firms with emissions-reduction targets has doubled since 2010.